The salary statistics of loan officers in the industry sector of retail trade are shown in Table 1. In Table 2 we compare loan officer salaries in different industries within the retail trade sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $38,590 |
| 25th Percentile Wage | $55,010 |
| 50th Percentile Wage | $79,890 |
| 75th Percentile Wage | $119,640 |
| 90th Percentile Wage | $167,660 |
Table 1 shows the average annual salary for 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) loan officers is $167,660. The median annual salary (50th percentile) is $79,890. The average annual salary for the bottom 10 percent paid loan officers is $38,590.
The table and chart below show the trend of the median salary of loan officers in the industry sector of retail trade from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $79,890 | -4.47% | -0.53% |
| 2017 | $83,460 | -1.02% | - |
| 2016 | $84,310 | -1.27% | - |
| 2015 | $85,380 | 2.95% | - |
| 2014 | $82,860 | 1.67% | - |
| 2013 | $81,480 | 1.44% | - |
| 2012 | $80,310 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].