Loan Officer Salary in Sector of Educational Services

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

Average Annual Salary of Loan Officers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$31,350
25th Percentile Wage
$39,400
50th Percentile Wage
$51,700
75th Percentile Wage
$65,040
90th Percentile Wage
$83,830

Table 1 shows the average annual salary for loan officers in the industry sector of educational services. 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 $83,830. The median annual salary (50th percentile) is $51,700. The average annual salary for the bottom 10 percent paid loan officers is $31,350.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of loan officers in the industry sector of educational services from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$51,700
1.01% 11.64%
2016
$51,180
1.62% -
2015
$50,350
-0.64% -
2014
$50,670
4.84% -
2013
$48,220
5.27% -
2012
$45,680
- -

Compare Loan Officer Salary in Different Industries within the Educational Services Sector

The average salaries of loan officers in twelve industries in the educational services 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 technical and trade schools industry with an annual salary $56,590. The lowest paying industry is the junior colleges (including private, state, and local government schools) industry (annual salary $44,530). For detailed loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Technical and Trade Schools
$56,590
Technical and trade schools - Privately owned
$56,590
Junior colleges - Local government owned
$54,890
Educational Services - Local government owned
$53,820
Educational Services - Privately owned
$53,820
Colleges, universities, and professional schools - Privately owned
$52,750
Educational Services
$51,700
Colleges, Universities, and Professional Schools
$51,170
Colleges, universities, and professional schools - State government owned
$48,260
Educational Services - State government owned
$48,140
Junior colleges - State government owned
$46,090
Junior Colleges (including private, state, and local government schools)
$44,530

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 cities for loan officers

Highest paying industries for loan officers.