The salary statistics of credit counselors and loan officers in the industry sector of retail trade are shown in Table 1. In Table 2 we compare credit counselors and loan officer salaries in different industries within the retail trade sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $38,440 |
| 25th Percentile Wage | $54,560 |
| 50th Percentile Wage | $79,170 |
| 75th Percentile Wage | $118,920 |
| 90th Percentile Wage | $166,840 |
Table 1 shows the average annual salary for credit counselors and loan officers in the industry sector of retail trade. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) credit counselors and loan officers is $166,840. The median annual salary (50th percentile) is $79,170. The average annual salary for the bottom 10 percent paid credit counselors and loan officers is $38,440.
The table and chart below show the trend of the median salary of credit counselors and loan officers in the industry sector of retail trade from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $79,170 | -4.38% | -1.02% |
| 2017 | $82,640 | -1.68% | - |
| 2016 | $84,030 | -1.64% | - |
| 2015 | $85,410 | 2.86% | - |
| 2014 | $82,970 | 1.83% | - |
| 2013 | $81,450 | 1.80% | - |
| 2012 | $79,980 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].