The salary statistics of credit counselors and loan officers are shown in Table 1. The average hourly salary of credit counselors and loan officers in the United States is shown in Table 2. In the next few tables we compare the average salaries of credit counselors and loan officers within different industry sectors and in the 50 states of the United States. The credit counselors and loan officers annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 .
|Percentile Bracket||Average 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 credit counselors and loan officers. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) credit counselors and loan officers is $128,660. The median annual salary (50th percentile) is $61,030. The average annual salary for the bottom 10 percent is $32,310. We note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 298% higher than that of the bottom 10 percent.
The following table and chart show the trend of the median salary of credit counselors and loan officers from 2012 to 2016.
|Year||Median Salary||Yearly Growth||4-Year Growth|
The average salaries of credit counselors and loan officers in 14 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for credit counselors and loan officers occupations is the retail trade sector with an annual salary $84,030. The lowest paying sector is the health care and social assistance sector (annual salary $42,420).
|Industry Sector||Median Annual Salary|
|Retail Trade|| |
|Federal, State, and Local Government|| |
|Management of Companies and Enterprises|| |
|Real Estate and Rental and Leasing|| |
|Finance and Insurance|| |
|Wholesale Trade|| |
|Administrative and Support and Waste Management and Remediation Services|| |
|Transportation and Warehousing|| |
|Professional, Scientific, and Technical Services|| |
|Other Services (except Federal, State, and Local Government)|| |
|Educational Services|| |
|Health Care and Social Assistance|| |