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.
Loan Officers
SOC: 13-2072 O*NET: 13-2072.00
Median Salary
$74,180
per year
Job Growth
➡️ 1.7%
Average (2024-2034)
Annual Openings
20.3
projected jobs/year
Education Level
Bachelor's degree or higher
Job Zone 4
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.
Overview
Compensation & Benefits
Salary Distribution by Percentile
Understanding where you might fall in the salary range based on experience and location.
10th
$44,508
25th
$59,344
50th (Median)
$74,180
75th
$89,016
90th
$111,270
Percentile Explained: If you're in the 75th percentile, you earn more than 75% of workers in this occupation. Entry-level positions typically fall in the 10th-25th percentile range, while experienced professionals often reach the 75th-90th percentile.
Typical Benefits Package
Health & Wellness
- ✓Health Insurance
- ✓Dental Insurance
- ✓Vision Insurance
- ✓Mental Health Support
- ✓Wellness Programs
Financial Benefits
- ✓401(k) Retirement Plan
- ✓Employer Match (typically 3-6%)
- ✓Profit Sharing
- ✓Stock Options
- ✓Performance Bonuses
Work-Life Balance
- ✓Paid Time Off (15-25 days)
- ✓Paid Sick Leave
- ✓Flexible Work Arrangements
- ✓Remote Work Options
- ✓Parental Leave
Professional Development
- ✓Tuition Reimbursement
- ✓Professional Certifications
- ✓Conference Attendance
- ✓Training Programs
- ✓Mentorship Opportunities
Note: Benefits vary widely by employer, company size, and location. Large corporations and tech companies often offer more comprehensive packages, while small businesses may offer fewer benefits but more flexibility. Always review the complete compensation package, not just base salary.
Job Market Intelligence
Job Market Intelligence
Medium Demand
Market demand
Medium Risk
Automation risk
Current Employment
National Employment:301,400
10-Year Outlook
Growth Rate:+1.7%
Annual Openings:20,300
Employment Projections
2024 (Current)301,400
Current
2034 (Projected)306,500
+1.7%
+5,000
Employment Change
+1.7%
Growth Rate
10
Year Projection
Growth Category: More slowly than average
Key Growth Factors
Standard growth expectations for this occupation
Top Skills
✓
Speaking
Speaking
✓
Active Listening
Active Listening
✓
Judgment and Decision Making
Judgment and Decision Making
✓
Reading Comprehension
Reading Comprehension
✓
Critical Thinking
Critical Thinking
✓
Writing
Writing
✓
Complex Problem Solving
Complex Problem Solving
✓
Mathematics
Mathematics
✓
Social Perceptiveness
Social Perceptiveness
✓
Active Learning
Active Learning
Key Knowledge Areas
✓
Customer and Personal Service
✓
Economics and Accounting
✓
English Language
✓
Mathematics
✓
Sales and Marketing
✓
Law and Government
✓
Administration and Management
Education & Training
Education Required
Bachelor's degree or higher
Experience Required
A considerable amount of work-related skill, knowledge, or experience needed
Job Training
Significant preparation with related work experience