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Loan Officer Salary in Sector of Other Services (except Federal, State, and Local Government)

The salary statistics of loan officers in the industry sector of other services (except federal, state, and local government) are shown in Table 1. In Table 2 we compare loan officer salaries in different industries within the other services (except federal, state, and local government) sector.

Average Annual Salary of Loan Officers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$28,400
25th Percentile Wage
$36,090
50th Percentile Wage
$53,250
75th Percentile Wage
$67,490
90th Percentile Wage
$102,600

Table 1 shows the average annual salary for loan officers in the industry sector of other services (except federal, state, and local government). 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 $102,600. The median annual salary (50th percentile) is $53,250. The average annual salary for the bottom 10 percent paid loan officers is $28,400.

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 other services (except federal, state, and local government) from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$53,250
4.24% -7.31%
2016
$50,990
-5.31% -
2015
$53,700
-10.22% -
2014
$59,190
-8.99% -
2013
$64,510
11.42% -
2012
$57,140
- -

Compare Loan Officer Salary in Different Industries within the Other Services (except Federal, State, and Local Government) Sector

The average salaries of loan officers in four industries in the other services (except federal, state, and local government) 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 grantmaking and giving services industry with an annual salary $72,790. The lowest paying industry is the social advocacy organizations industry (annual salary $43,590). For detailed loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Grantmaking and Giving Services
$72,790
Business, Professional, Labor, Political, and Similar Organizations
$64,840
Religious, Grantmaking, Civic, Professional, and Similar Organizations
$53,250
Social Advocacy Organizations
$43,590

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




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