Loan Officer Salary in Sector of Wholesale Trade

The salary statistics of loan officers in the industry sector of wholesale trade are shown in Table 1. In Table 2 we compare loan officer salaries in different industries within the wholesale trade sector.

Average Annual Salary of Loan Officers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$36,830
25th Percentile Wage
$46,380
50th Percentile Wage
$57,830
75th Percentile Wage
$74,270
90th Percentile Wage
$106,180

Table 1 shows the average annual salary for loan officers in the industry sector of wholesale trade. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) loan officers is $106,180. The median annual salary (50th percentile) is $57,830. The average annual salary for the bottom 10 percent paid loan officers is $36,830.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of loan officers in the industry sector of wholesale trade from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201657,830-5.38%-13.00%
201560,9407.60%-
201456,310-7.49%-
201360,530-7.96%-
201265,350--

Compare Loan Officer Salary in Different Industries within the Wholesale Trade Sector

The average salaries of loan officers in three industries in the wholesale trade sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for loan officer occupations is the farm product raw material merchant wholesalers industry with an annual salary $64,020. The lowest paying industry is the merchant wholesalers, nondurable goods industry (annual salary $50,040). For detailed loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Farm Product Raw Material Merchant Wholesalers
$64,020
Merchant Wholesalers, Durable Goods
$59,040
Merchant Wholesalers, Nondurable Goods
$50,040

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].




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