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
$31,790
25th Percentile Wage
$43,530
50th Percentile Wage
$61,700
75th Percentile Wage
$90,250
90th Percentile Wage
$129,780

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 $129,780. The median annual salary (50th percentile) is $61,700. The average annual salary for the bottom 10 percent paid credit counselors and loan officers is $31,790.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of credit counselors and loan officers in the industry sector of finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201661,7000.18%5.09%
201561,5901.07%-
201460,9301.49%-
201360,0202.43%-
201258,560--

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 17 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 securities and commodity contracts intermediation and brokerage industry with an annual salary $76,830. The lowest paying industry is the other nondepository credit intermediation industry (annual salary $59,200). For detailed credit counselors and loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$76,830
Monetary Authorities-Central Bank
$75,850
Monetary Authorities-Central Bank
$75,850
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$75,330
Other Financial Investment Activities
$74,410
Funds, Trusts, and Other Financial Vehicles
$68,470
Other Investment Pools and Funds
$68,470
Depository Credit Intermediation
$62,490
Credit Intermediation and Related Activities
$61,540
Activities Related to Credit Intermediation
$60,560
Nondepository Credit Intermediation
$60,170
Direct Insurance (except Life, Health, and Medical) Carriers
$59,930
Insurance Carriers and Related Activities
$59,400
Insurance Carriers
$59,400
Agencies, Brokerages, and Other Insurance Related Activities
$59,400
Insurance Agencies and Brokerages
$59,390
Other Nondepository Credit Intermediation
$59,200

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



Related:

Highest paying industries for credit counselors and loan officers.