Loan Officer

Code: 13-2072.00

Also known as: Commercial Banker, Commercial Loan Officer, Corporate Banking Officer, Financial Aid Advisor, Financial Aid Counselor, Financial Aid Officer, Financial Counselor, Loan Counselor, Loan Officer, Mortgage Loan Officer

Description: When an individual or business is looking to leverage or borrow funds in order to make an investment, they turn to Loan Officers for assistance with the process. Loan Officers are responsible for evaluating a loan application and deciding whether or not it should be recommended for approval. Since this job requires a strong understanding of accounting principals, most Loan Officers have a Bachelor's degree in finance or a related field. However, it is possible to obtain a job in this field with experience in sales or banking.

Loan Officer

Typical wages

10% $33,650
25% $45,540
Median $63,960
75% $93,490
90% $133,850
10% $16.18
25% $21.89
Median $30.75
75% $44.95
90% $64.35

Projected employment

Estimated Employment
(2019 year)
Projected Employment
(2029 year)
Percent Change +0 %
Projected Annual Job Openings 24,200