Loan Officer Salary in Sector of Finance and Insurance

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

Average Annual Salary of Loan Officers

Percentile BracketAverage Annual Salary
10th Percentile Wage
25th Percentile Wage
50th Percentile Wage
75th Percentile Wage
90th Percentile Wage

Table 1 shows the average annual salary for 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) loan officers is $130,720. The median annual salary (50th percentile) is $62,410. The average annual salary for the bottom 10 percent paid loan officers is $32,190.

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 finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth

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

The average salaries of 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 loan officer occupations is the monetary authorities-central bank industry with an annual salary $77,590. The lowest paying industry is the insurance agencies and brokerages industry (annual salary $59,720). For detailed loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Monetary Authorities-Central Bank
Monetary Authorities-Central Bank
Securities and Commodity Contracts Intermediation and Brokerage
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Other Financial Investment Activities
Funds, Trusts, and Other Financial Vehicles
Other Investment Pools and Funds
Depository Credit Intermediation
Credit Intermediation and Related Activities
Activities Related to Credit Intermediation
Nondepository Credit Intermediation
Other Nondepository Credit Intermediation
Direct Insurance (except Life, Health, and Medical) Carriers
Insurance Carriers
Insurance Carriers and Related Activities
Agencies, Brokerages, and Other Insurance Related Activities
Insurance Agencies and Brokerages

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


Highest paying cities for loan officers

Highest paying industries for loan officers.