13
Loan Officers is a notable career in the 13 category. This page provides verified data from BLS OEWS 2024 + O*NET 29.0 (2024), helping you compare Loan Officers against similar careers and make data-driven decisions.
Education Administrators, All Other
11
Personal Service Managers, All Other
11
Managers, All Other
11
Buyers and Purchasing Agents
13
Business Operations Specialists, All Other
13
| soc | 13-2072 |
| title | Loan Officers |
| onet code | 13-2072.00 |
| description | 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. |
| job zone | 4 |
| major group | 13 |
| tot emp | 290,530 |
| a mean | 86,020 |
| a median | 74,180 |
| a pct10 | 38,490 |
| a pct25 | 50,460 |
| a pct75 | 101,920 |
| a pct90 | 145,780 |
| h mean | 41 |
| h median | 35 |
The day-to-day work of a loan officers typically centers on meet with applicants to obtain information for loan applications and to answer questions about the process. Every task listed below is classified as Core in O*NET — they collectively define the role. Task descriptions below are quoted from the U.S. Department of Labor's O*NET 29.0 occupation profile.
Workers in this occupation rely most on Active Listening, Speaking, and Reading Comprehension. Across the top 10 skills, the average O*NET importance score is 3.58 out of 5 — highly rated for this role. Importance reflects how essential each skill is for adequate job performance.
Among working loan officers, the most common entry qualification is a Bachelor's Degree (68.7%). Bachelor's-degree-or-higher credentials are reported by 70% of incumbents. This is a degree-heavy profession — most incumbents hold a four-year degree or beyond.
Median annual pay is highest in District of Columbia at $102,200 and lowest in West Virginia at $49,550 — a 2.1× spread. The top five states (District of Columbia, New York, New Jersey, Massachusetts, Vermont) average $95,230. Figures reflect BLS OEWS May 2024 state-level wage estimates; percentiles shown are for full-time wage-earners in each state.
| State | Median | Mean | 10th % | 90th % | Employed |
|---|---|---|---|---|---|
| District of Columbia | $102,200 | $155,220 | $55,910 | $218,960 | 420 |
| New York | $98,940 | $122,170 | $49,240 | $217,490 | 11,850 |
| New Jersey | $95,090 | $100,160 | $38,880 | $164,030 | 5,690 |
| Massachusetts | $93,430 | $109,310 | $61,280 | $174,990 | 4,310 |
| Vermont | $86,490 | $100,750 | $50,930 | $164,790 | 440 |
| Minnesota | $84,480 | $96,180 | $51,520 | $152,630 | 6,950 |
| North Dakota | $82,990 | $92,790 | $54,910 | $142,450 | 1,370 |
| Kansas | $82,540 | $94,250 | $46,220 | $162,960 | 3,950 |
| Delaware | $80,760 | $90,620 | $44,510 | $132,000 | 1,480 |
| Iowa | $80,070 | $91,590 | $49,000 | $135,890 | 3,350 |
| Colorado | $79,800 | $91,240 | $41,680 | $157,130 | 3,700 |
| Virginia | $79,600 | $95,510 | $42,210 | $166,530 | 9,170 |
| California | $79,580 | $94,870 | $36,880 | $163,580 | 27,420 |
| Wisconsin | $79,230 | $88,800 | $50,130 | $137,750 | 5,020 |
| New Hampshire | $78,670 | $97,290 | $43,410 | $171,340 | 1,190 |
| South Dakota | $78,590 | $83,250 | $59,820 | $114,610 | 1,930 |
| Maine | $78,040 | $84,090 | $46,560 | $124,430 | 1,170 |
| Connecticut | $77,580 | $96,460 | $47,860 | $172,980 | 2,680 |
| Rhode Island | $77,460 | $80,110 | $47,680 | $118,470 | 1,560 |
| Washington | $77,040 | $86,430 | $36,940 | $150,940 | 6,480 |
| Wyoming | $76,460 | $90,140 | $46,330 | $142,950 | 750 |
| Illinois | $75,960 | $88,570 | $47,170 | $137,160 | 10,330 |
| North Carolina | $75,820 | $88,100 | $38,820 | $142,950 | 11,890 |
| Nebraska | $75,730 | $87,780 | $47,090 | $154,940 | 2,730 |
| Oregon | $74,720 | $93,460 | $44,920 | $158,350 | 3,810 |
| Maryland | $73,340 | $88,000 | $43,540 | $158,270 | 3,990 |
| Missouri | $72,730 | $79,000 | $36,520 | $127,750 | 7,000 |
| New Mexico | $72,690 | $80,640 | $34,630 | $133,250 | 970 |
| Michigan | $72,680 | $82,830 | $34,690 | $136,390 | 10,910 |
| Georgia | $72,250 | $87,150 | $42,150 | $133,980 | 9,480 |
| Indiana | $71,400 | $79,640 | $44,580 | $128,560 | 4,740 |
| Florida | $71,340 | $82,250 | $33,900 | $135,450 | 19,750 |
| Hawaii | $70,280 | $82,030 | $29,120 | $133,080 | 960 |
| Arkansas | $70,050 | $83,550 | $38,290 | $132,760 | 2,810 |
| Ohio | $69,220 | $83,610 | $37,830 | $133,260 | 10,340 |
| Kentucky | $68,600 | $76,190 | $37,610 | $129,990 | 3,990 |
| Montana | $65,960 | $77,480 | $42,110 | $124,540 | 1,390 |
| Oklahoma | $65,720 | $80,490 | $35,850 | $147,170 | 4,530 |
| Alaska | $65,160 | $80,200 | $24,400 | $163,450 | 510 |
| Idaho | $64,380 | $89,820 | $39,350 | $137,520 | 2,290 |
| Texas | $63,770 | $76,010 | $35,810 | $130,910 | 24,070 |
| Tennessee | $63,160 | $73,980 | $38,330 | $117,820 | 7,610 |
| South Carolina | $61,690 | $72,060 | $35,900 | $125,860 | 4,280 |
| Pennsylvania | $61,470 | $72,020 | $37,720 | $124,070 | 8,820 |
| Utah | $60,870 | $77,600 | $38,540 | $126,630 | 5,590 |
| Alabama | $60,750 | $78,300 | $39,990 | $147,110 | 5,680 |
| Mississippi | $59,950 | $72,540 | $35,290 | $130,220 | 2,770 |
| Nevada | $58,400 | $80,660 | $25,890 | $174,790 | 2,960 |
| Louisiana | $57,320 | $68,580 | $29,000 | $127,780 | 3,010 |
| Arizona | $53,760 | $65,640 | $29,910 | $108,630 | 11,420 |
| West Virginia | $49,550 | $61,800 | $36,740 | $105,120 | 1,300 |
Recruiters and job boards use several alternate titles for loan officers. Knowing these variants widens your job search — listings for Agricultural Loan Officer or Bank Officer frequently describe the same role. The list below is a sample of the most common industry variants.
This data helps you understand how Loan Officers compares to others in the 13 category. Use it to make informed decisions based on verified data from BLS OEWS 2024 + O*NET 29.0.
careers with the closest data values to Loan Officers
The CertifyWize editorial team aggregates and verifies careers data from BLS OEWS 2024 + O*NET 29.0. Every statistic on this site is cross-referenced against the official source before publication, with quarterly re-verification cycles.
Read our full methodology or contact us with corrections.