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For Educators: Military Resources
For Educators: Military Resources

Loan Officers

Median Salary
69,990
Job Outlook
+1%

Overview

What are the responsibilities of this role?

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.

What is the job outlook?

Compensation

What is the typical salary range?

$31,510

10%

$69,990

Median

$100,210

90%

How does location impact how much salary?

Education

What level of education do professionals in this role have?

Education Level

  • Bachelor's degree

    68%

  • Some college

    12%

  • Associate's degree

    11%

  • High school

    6%

  • Post baccalaureate

    1%

Which college majors best prepare you for this role?

  • Finance, General

Skills and Interest

Which skill sets are the most valuable to possess?

Skills

  • Verbal Skills

    High

  • Leadership

    Mid

  • Math and Science Skills

    Mid

  • Technology Design and Control

    Low

  • Equipment Operation and Maintenance

    Low

  • Critical Thinking and Problem Solving

    Mid

What knowledge should you bring to the table?

  • Customer and Personal Service
  • Sales and Marketing
  • Mathematics
  • Economics and Accounting
  • Administration and Management

What challenges will you likely face in the workplace?

Workplace

  • Time Pressure

    High

  • Repetitiveness

    High

  • Decision Making

    High

  • Level Of Competition

    High

  • Responsibility

    Mid

  • Exposure to Job Hazards

    Low

  • Physical Activity

    Low

What personality traits help people thrive in this role?

Conventional

You like structure, staying organized, and working with systems to get things done efficiently.

Enterprising

You love taking risks in business or personal projects — and have the leadership skills to back it up.

Social

You love connecting with people, helping others and making a difference in your community.

RIASEC represents six broad interest areas—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—helping individuals identify careers that match their skills and preferences.

Take the RIASEC Test

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Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.