13-2072

Loan Officers

Role Overview

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.

Recommended Majors

Finance, General. Credit Management.

Related Careers

Accountants and Auditors Accountants and Auditors Agents and Business Managers of Artists, Performers, and Athletes Agents and Business Managers of Artists, Performers, and Athletes Appraisers and Assessors of Real Estate Appraisers of Personal and Business Property

Salary by State (top paying)

State	Median salary
District of Columbia	$102,200
New York	$98,940
New Jersey	$95,090
Massachusetts	$93,430
Vermont	$86,490
Minnesota	$84,480
North Dakota	$82,990
Kansas	$82,540
Delaware	$80,760
Iowa	$80,070
Colorado	$79,800
Virginia	$79,600
California	$79,580
Wisconsin	$79,230
New Hampshire	$78,670

Frequently Asked Questions

What is the job outlook for this career?

Projected growth and annual openings are from BLS Employment Projections. Use the sidebar for median salary and growth rate.

How does salary vary by state?

See the Salary by State table above for state-level median wages from OEWS data.

BLS Occupational Employment and Wage Statistics (OEWS), BLS Employment Projections.

Median Annual Salary

$74,180

Projected Growth (10yr)

+1.7%

Avg. annual openings

20.3k

Market Insight

Explore salary and growth data to understand demand and earning potential for this role.