Occupational Employment and Wages, May 2011

13-2072 Loan Officers

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, and loan underwriters.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
284,530 1.3 % $32.67 $67,960 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.44 $20.14 $27.90 $39.35 $55.50
Annual Wage (2) $32,110 $41,890 $58,030 $81,850 $115,450


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Depository Credit Intermediation 132,370 7.73 $31.69 $65,920
Nondepository Credit Intermediation 79,790 14.21 $32.16 $66,880
Activities Related to Credit Intermediation 36,020 13.85 $34.49 $71,740
Management of Companies and Enterprises 11,460 0.60 $34.95 $72,690
Federal Executive Branch (OES Designation) 4,250 0.21 $34.56 $71,890

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 79,790 14.21 $32.16 $66,880
Activities Related to Credit Intermediation 36,020 13.85 $34.49 $71,740
Depository Credit Intermediation 132,370 7.73 $31.69 $65,920
Monetary Authorities-Central Bank 380 1.89 $33.14 $68,930
Other Financial Investment Activities 2,090 0.61 $50.63 $105,300

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 2,090 0.61 $50.63 $105,300
Other Investment Pools and Funds 90 0.23 $50.48 $105,000
Lessors of Real Estate 120 0.02 $42.95 $89,330
Residential Building Construction 80 0.01 $41.29 $85,890
Automobile Dealers 3,160 0.30 $39.74 $82,670


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.





States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
California 27,860 1.98 0.89 $36.97 $76,900
Florida 22,830 3.19 1.44 $29.53 $61,430
Texas 20,460 1.99 0.90 $31.53 $65,570
New York 15,870 1.88 0.85 $53.71 $111,730
Illinois 13,060 2.34 1.06 $34.81 $72,410




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Utah 5,150 4.41 1.99 $27.34 $56,870
Idaho 2,330 3.93 1.77 $26.56 $55,240
South Dakota 1,490 3.81 1.72 $26.46 $55,040
Arizona 8,760 3.68 1.66 $30.92 $64,300
Nebraska 3,090 3.41 1.54 $31.85 $66,240




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 15,870 1.88 0.85 $53.71 $111,730
Massachusetts 5,200 1.65 0.74 $39.03 $81,180
Washington 5,850 2.15 0.97 $37.37 $77,730
California 27,860 1.98 0.89 $36.97 $76,900
District of Columbia 670 1.03 0.47 $36.80 $76,550





Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 11,190 2.21 1.00 $61.36 $127,630
Chicago-Joliet-Naperville, IL Metropolitan Division 8,870 2.47 1.12 $36.85 $76,640
Phoenix-Mesa-Glendale, AZ 7,770 4.57 2.06 $31.31 $65,130
Dallas-Plano-Irving, TX Metropolitan Division 6,600 3.23 1.46 $31.08 $64,660
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 6,120 1.60 0.72 $41.70 $86,730
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 5,620 4.05 1.83 $34.34 $71,440
Minneapolis-St. Paul-Bloomington, MN-WI 4,950 2.89 1.30 $35.11 $73,030
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,720 2.04 0.92 $33.19 $69,040
Atlanta-Sandy Springs-Marietta, GA 4,400 1.97 0.89 $35.74 $74,330
Philadelphia, PA Metropolitan Division 4,090 2.25 1.02 $32.47 $67,540