# 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, loan underwriters, and payday loan officers.

- Edition: Data verified Nov 2026 · CollegesRef 2026–27 edition
- Page: https://www.collegesref.com/careers/loan-officers
- SOC code: 13-2072.00
- Career family: Business and finance
- Median annual pay: $76,690 (10th percentile $39,430, 90th percentile $153,180)
- Projected growth: Slower than average, +1.1%
- Openings a year: 17,100
- Typical entry education: Bachelor's degree
- Bright outlook: no
- Data years: BLS 2025 wages · 2025–35 projections

## Interest profile (code CES)

| Interest area | Score (0–100) |
| --- | ---: |
| Realistic (R) | 7 |
| Investigative (I) | 22 |
| Artistic (A) | 0 |
| Social (S) | 44 |
| Enterprising (E) | 66 |
| Conventional (C) | 85 |

## What you'd do

- Getting Information (importance 88/100)
- Evaluating Information to Determine Compliance with Standards (importance 87/100)
- Establishing and Maintaining Interpersonal Relationships (importance 84/100)
- Processing Information (importance 82/100)
- Analyzing Data or Information (importance 82/100)
- Working with Computers (importance 81/100)
- Communicating with People Outside the Organization (importance 78/100)
- Making Decisions and Solving Problems (importance 77/100)
- Communicating with Supervisors, Peers, or Subordinates (importance 77/100)
- Organizing, Planning, and Prioritizing Work (importance 74/100)

## Skills

Active Listening, Speaking, Judgment and Decision Making, Reading Comprehension, Critical Thinking, Writing, Complex Problem Solving, Mathematics, Social Perceptiveness, Active Learning

## Knowledge

Customer and Personal Service, Economics and Accounting, English Language, Mathematics, Sales and Marketing, Law and Government, Administration and Management, Education and Training, Administrative, Computers and Electronics

## Also called

Agricultural Loan Officer, Bank Officer, Bank Representative, Banking Services Officer, Branch Banker, Branch Lending Officer, Business Banker, Business Banking Officer, Commercial Banker, Commercial Lender

## Majors that lead here (NCES CIP–SOC crosswalk, 4-digit CIP)

- [Finance and Financial Management Services](https://www.collegesref.com/programs/5208) (CIP 5208, 924 colleges)

## Colleges with strong outcomes (College Scorecard, 2025)

| College | Program | Earnings 1 yr | Earnings 4 yrs | Median debt |
| --- | --- | ---: | ---: | ---: |
| [Washington University in St Louis WUSTL](https://www.collegesref.com/college/washington-university-in-st-louis-wustl-3172) | Finance and Financial Management Services | $108,590 | $185,551 | $20,750 |
| [University of Notre Dame-South Bend IN](https://www.collegesref.com/college/university-of-notre-dame-south-bend-in-3005) | Finance and Financial Management Services | $141,543 | $160,313 | $19,500 |
| [Georgetown University-DC](https://www.collegesref.com/college/georgetown-university-dc-1068) | Finance and Financial Management Services | $126,622 | $152,744 | $13,088 |
| [Boston College](https://www.collegesref.com/college/boston-college-285) | Finance and Financial Management Services | $92,127 | $147,746 | $18,650 |
| [Wake Forest University](https://www.collegesref.com/college/wake-forest-university-3149) | Finance and Financial Management Services | $116,242 | $145,996 | $19,500 |
| [American University](https://www.collegesref.com/college/american-university-69) | Finance and Financial Management Services | $76,317 | $134,332 | $20,633 |
| [Southern Methodist University SMU](https://www.collegesref.com/college/southern-methodist-university-smu-2498) | Finance and Financial Management Services | $93,440 | $133,852 | $17,250 |
| [The University of Texas at Austin Main Campus](https://www.collegesref.com/college/the-university-of-texas-at-austin-main-campus-2764) | Finance and Financial Management Services | $81,536 | $132,075 | $18,975 |

## Related careers

- [Loan Interviewers and Clerks](https://www.collegesref.com/careers/loan-interviewers-and-clerks): $50,020 median pay
- [Credit Counselors](https://www.collegesref.com/careers/credit-counselors): $52,230 median pay
- [Credit Analysts](https://www.collegesref.com/careers/credit-analysts): $83,510 median pay
- [Credit Authorizers, Checkers, and Clerks](https://www.collegesref.com/careers/credit-authorizers-checkers-and-clerks): $50,080 median pay
- [Personal Financial Advisors](https://www.collegesref.com/careers/personal-financial-advisors): $105,070 median pay
- [Securities, Commodities, and Financial Services Sales Agents](https://www.collegesref.com/careers/securities-commodities-and-financial-services-sales-agents): $78,660 median pay

## Sources

- [O*NET Database](https://www.onetcenter.org/database.html), version 31.0 (CC BY 4.0)
- [BLS Employment Projections](https://www.bls.gov/emp/tables.htm), version 2025-35, data year 2025 (Public domain (U.S. government work))
- [BLS Occupational Employment and Wage Statistics](https://www.bls.gov/oes/tables.htm), version 2025, data year 2025 (Public domain (U.S. government work))
- [NCES CIP 2020 to SOC 2018 crosswalk](https://nces.ed.gov/ipeds/cipcode/resources.aspx?y=56), version 2020, data year 2020 (Public domain (U.S. government work))

O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. CollegesRef has modified all or some of this information.