Credit Counselors and Loan Officer Salary in Sector of Finance and Insurance

The salary statistics of credit counselors and loan officers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare credit counselors and loan officer salaries in different industries within the finance and insurance sector.

Average Annual Salary of Credit Counselors and Loan Officers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$31,530
25th Percentile Wage
$43,980
50th Percentile Wage
$62,740
75th Percentile Wage
$91,930
90th Percentile Wage
$132,440

Table 1 shows the average annual salary for credit counselors and loan officers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) credit counselors and loan officers is $132,440. The median annual salary (50th percentile) is $62,740. The average annual salary for the bottom 10 percent paid credit counselors and loan officers is $31,530.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of credit counselors and loan officers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$62,740
1.66% 6.66%
2016
$61,700
0.18% -
2015
$61,590
1.07% -
2014
$60,930
1.49% -
2013
$60,020
2.43% -
2012
$58,560
- -

Compare Credit Counselors and Loan Officer Salary in Different Industries within the Finance and Insurance Sector

The average salaries of credit counselors and loan officers in 20 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for credit counselors and loan officer occupations is the funds, trusts, and other financial vehicles industry with an annual salary $80,450. The lowest paying industry is the direct health and medical insurance carriers industry (annual salary $56,470). For detailed credit counselors and loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Funds, Trusts, and Other Financial Vehicles
$80,450
Other Investment Pools and Funds
$80,450
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$79,020
Securities and Commodity Contracts Intermediation and Brokerage
$76,830
Monetary Authorities-Central Bank
$75,850
Monetary Authorities-Central Bank
$75,850
Other Financial Investment Activities
$74,410
Other Insurance Related Activities
$65,870
Credit Intermediation and Related Activities
$63,260
Direct Insurance (except Life, Health, and Medical) Carriers
$63,220
Insurance Carriers
$62,940
Insurance Carriers and Related Activities
$62,790
Credit Intermediation and Related Activities
$62,490
Depository Credit Intermediation
$62,490
Agencies, Brokerages, and Other Insurance Related Activities
$62,440
Insurance Agencies and Brokerages
$62,090
Nondepository Credit Intermediation
$61,010
Activities Related to Credit Intermediation
$60,560
Other Nondepository Credit Intermediation
$59,870
Direct Health and Medical Insurance Carriers
$56,470

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




Related:

Highest paying industries for credit counselors and loan officers.