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
$32,190
25th Percentile Wage
$44,140
50th Percentile Wage
$62,410
75th Percentile Wage
$91,220
90th Percentile Wage
$130,720

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
201662,4100.48%5.53%
201562,1101.16%-
201461,3901.53%-
201360,4502.46%-
201258,960--

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
$77,590
Monetary Authorities-Central Bank
$77,590
Securities and Commodity Contracts Intermediation and Brokerage
$77,340
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$77,270
Other Financial Investment Activities
$77,220
Funds, Trusts, and Other Financial Vehicles
$72,240
Other Investment Pools and Funds
$72,240
Depository Credit Intermediation
$62,890
Credit Intermediation and Related Activities
$62,240
Activities Related to Credit Intermediation
$61,540
Nondepository Credit Intermediation
$61,300
Other Nondepository Credit Intermediation
$60,420
Direct Insurance (except Life, Health, and Medical) Carriers
$60,070
Insurance Carriers
$59,920
Insurance Carriers and Related Activities
$59,870
Agencies, Brokerages, and Other Insurance Related Activities
$59,760
Insurance Agencies and Brokerages
$59,720

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 cities for loan officers

Highest paying industries for loan officers.