Occupational Employment and Wages, May 2015

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)
303,870 1.2 % $36.14 $75,170 0.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.81 $21.51 $30.49 $44.14 $62.81
Annual Wage (2) $32,870 $44,740 $63,430 $91,810 $130,630


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 130,490 7.95 $35.08 $72,980
Nondepository Credit Intermediation 87,170 14.71 $35.55 $73,950
Activities Related to Credit Intermediation 30,900 10.64 $36.17 $75,230
Management of Companies and Enterprises 17,430 0.77 $38.30 $79,670
Automobile Dealers 12,300 1.01 $46.55 $96,820

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 87,170 14.71 $35.55 $73,950
Activities Related to Credit Intermediation 30,900 10.64 $36.17 $75,230
Depository Credit Intermediation 130,490 7.95 $35.08 $72,980
Automobile Dealers 12,300 1.01 $46.55 $96,820
Management of Companies and Enterprises 17,430 0.77 $38.30 $79,670

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 1,930 0.43 $48.74 $101,370
Other Financial Investment Activities 3,150 0.71 $48.58 $101,050
Automobile Dealers 12,300 1.01 $46.55 $96,820
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 1,380 0.15 $45.26 $94,130
Lessors of Real Estate 40 0.01 $42.15 $87,670


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 35,500 2.29 1.04 $40.84 $84,950
Texas 23,350 2.02 0.92 $37.57 $78,150
Florida 20,650 2.61 1.18 $39.31 $81,760
Illinois 15,070 2.58 1.17 $37.05 $77,060
New York 12,390 1.38 0.63 $45.55 $94,740



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)
Arizona 10,480 4.05 1.84 $33.06 $68,760
South Dakota 1,520 3.67 1.67 $30.49 $63,420
Iowa 5,450 3.57 1.62 $31.75 $66,040
Nebraska 3,360 3.52 1.60 $38.13 $79,310
Idaho 2,230 3.46 1.57 $30.23 $62,880



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Massachusetts 5,300 1.56 0.71 $45.66 $94,970
New York 12,390 1.38 0.63 $45.55 $94,740
District of Columbia 610 0.91 0.41 $44.61 $92,780
New Hampshire 1,080 1.70 0.77 $43.21 $89,870
Rhode Island 880 1.88 0.85 $42.22 $87,810




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)
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 9,690 2.71 1.23 $39.79 $82,770
Phoenix-Mesa-Scottsdale, AZ 8,860 4.72 2.14 $33.43 $69,540
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 8,680 1.34 0.61 $52.71 $109,630
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 7,550 1.84 0.83 $40.51 $84,250
Dallas-Plano-Irving, TX Metropolitan Division 7,060 3.03 1.38 $39.35 $81,840
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 5,220 2.16 0.98 $42.87 $89,160
Atlanta-Sandy Springs-Roswell, GA 5,130 2.07 0.94 $38.13 $79,310
Minneapolis-St. Paul-Bloomington, MN-WI 4,980 2.65 1.20 $38.52 $80,120
Charlotte-Concord-Gastonia, NC-SC 4,810 4.31 1.96 $36.62 $76,180
Tampa-St. Petersburg-Clearwater, FL 4,510 3.71 1.68 $37.81 $78,640