Occupational Employment and Wages, May 2012

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)
286,670 1.2 % $33.82 $70,350 1.0 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.67 $20.68 $28.76 $40.79 $57.55
Annual Wage (2) $32,600 $43,010 $59,820 $84,840 $119,710


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 131,050 7.58 $32.99 $68,610
Nondepository Credit Intermediation 80,600 14.26 $32.16 $66,900
Activities Related to Credit Intermediation 34,980 13.16 $35.30 $73,430
Management of Companies and Enterprises 12,020 0.60 $37.56 $78,110
Automobile Dealers 6,420 0.59 $42.80 $89,020

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 80,600 14.26 $32.16 $66,900
Activities Related to Credit Intermediation 34,980 13.16 $35.30 $73,430
Depository Credit Intermediation 131,050 7.58 $32.99 $68,610
Other Financial Investment Activities 2,330 0.65 $58.52 $121,710
Monetary Authorities-Central Bank 110 0.65 $33.76 $70,210

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities and Commodity Contracts Intermediation and Brokerage 2,170 0.48 $58.73 $122,170
Other Financial Investment Activities 2,330 0.65 $58.52 $121,710
Other Investment Pools and Funds (8) (8) $45.08 $93,770
Automobile Dealers 6,420 0.59 $42.80 $89,020
Lessors of Real Estate 110 0.02 $39.37 $81,890


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 28,470 1.99 0.90 $39.11 $81,350
Texas 24,100 2.28 1.04 $32.20 $66,980
Florida 19,540 2.69 1.22 $32.02 $66,610
New York 16,570 1.94 0.88 $56.22 $116,950
Illinois 12,400 2.20 1.00 $36.18 $75,260




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)
South Dakota 1,590 4.00 1.82 $27.01 $56,170
Arizona 9,240 3.83 1.74 $29.89 $62,170
Utah 4,340 3.61 1.64 $29.50 $61,360
Idaho 2,100 3.50 1.59 $28.35 $58,970
Nebraska 3,060 3.35 1.52 $32.72 $68,060




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 16,570 1.94 0.88 $56.22 $116,950
California 28,470 1.99 0.90 $39.11 $81,350
Massachusetts 5,040 1.57 0.72 $38.34 $79,740
Connecticut 1,980 1.22 0.56 $37.88 $78,800
Washington 5,660 2.05 0.93 $37.24 $77,460





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 12,110 2.35 1.07 $63.96 $133,030
Chicago-Joliet-Naperville, IL Metropolitan Division 8,350 2.29 1.04 $39.44 $82,040
Phoenix-Mesa-Glendale, AZ 8,280 4.79 2.18 $29.90 $62,190
Dallas-Plano-Irving, TX Metropolitan Division 7,680 3.66 1.67 $31.39 $65,290
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 6,600 1.70 0.77 $43.52 $90,510
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 5,440 3.85 1.75 $37.29 $77,570
Atlanta-Sandy Springs-Marietta, GA 5,300 2.34 1.06 $37.77 $78,560
Minneapolis-St. Paul-Bloomington, MN-WI 4,610 2.63 1.20 $33.56 $69,800
Tampa-St. Petersburg-Clearwater, FL 4,100 3.64 1.65 $31.59 $65,720
Charlotte-Gastonia-Rock Hill, NC-SC 3,750 4.38 1.99 $31.98 $66,510