Occupational Employment Statistics

Occupational Employment and Wages, May 2008

13-2072 Loan Officers

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Include mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

National estimates for this occupation
Industry profile for this occupation
State profile for this occupation
Metropolitan area 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)
321,850 1.0 % $30.55 $63,540 0.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $14.83 $19.09 $26.30 $36.95 $51.14
Annual Wage (2) $30,850 $39,710 $54,700 $76,860 $106,360


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 Hourly mean wage Annual mean wage
Depository Credit Intermediation 134,170 $29.60 $61,560
Nondepository Credit Intermediation 98,330 $31.22 $64,930
Activities Related to Credit Intermediation 52,110 $30.39 $63,210
Management of Companies and Enterprises 10,690 $32.16 $66,890
Federal Executive Branch (OES designation) 4,210 $32.83 $68,290

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage
Securities and Commodity Contracts Intermediation and Brokerage 2,230 $38.52 $80,130
Employment Services 750 $36.36 $75,630
Activities Related to Real Estate 2,890 $35.53 $73,910
Computer Systems Design and Related Services 170 $35.40 $73,620
Management, Scientific, and Technical Consulting Services 740 $34.33 $71,410


State profile for this occupation: Top

States with the highest published employment concentrations and wages for this occupation are provided. For a list of all States with employment in this occupation, see the Create Customized Tables function.

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Utah 5,160 $30.17 $62,760 0.419%
South Dakota 1,520 $24.64 $51,240 0.384%
Florida 28,060 $28.07 $58,380 0.361%
Arizona 9,170 $31.37 $65,260 0.348%
Iowa 5,180 $27.45 $57,090 0.345%

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Rhode Island 1,370 $36.88 $76,700 0.286%
Massachusetts 6,140 $36.86 $76,660 0.190%
New York 14,760 $36.47 $75,870 0.171%
California 37,150 $36.24 $75,380 0.244%
Washington 7,970 $36.23 $75,370 0.278%


Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest published employment concentrations and wages for this occupation are provided. For a list of all Metropolitan areas with employment in this occupation, see the Create Customized Tables function.

Metropolitan areas with the highest concentration of workers in this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Pocatello, ID 210 $25.21 $52,430 0.580%
Des Moines-West Des Moines, IA 1,760 $28.27 $58,790 0.536%
Logan, UT-ID 260 $17.56 $36,520 0.530%
Salt Lake City, UT 3,340 $30.99 $64,470 0.527%
Fort Walton Beach-Crestview-Destin, FL 390 $24.94 $51,880 0.502%

Top paying metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Holland-Grand Haven, MI (8) $46.28 $96,260 (8)
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 1,560 $45.33 $94,300 0.153%
El Centro, CA (8) $44.24 $92,030 (8)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 8,850 $40.94 $85,160 0.171%
Dallas-Plano-Irving, TX Metropolitan Division 6,040 $39.96 $83,110 0.286%


About May 2008 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors in metropolitan and nonmetropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files (XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(8) Estimate not released.


Other OES estimates and related information:

May 2008 National Occupational Employment and Wage Estimates

May 2008 State Occupational Employment and Wage Estimates

May 2008 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2008 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2008 Occupational Employment and Wage Estimates in Zipped Excel files

Technical Notes

Last Modified Date: May 04, 2009

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