The salary statistics and trend of loan officers in the industry of nondepository credit intermediation are shown in the following tables and chart. In Table 3 we compare loan officer salaries in different industries within the finance and insurance sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $28,440 |
| 25th Percentile Wage | $42,180 |
| 50th Percentile Wage | $62,600 |
| 75th Percentile Wage | $92,090 |
| 90th Percentile Wage | $136,590 |
Table 1 shows the average annual salaries for loan officers in the industry of nondepository credit intermediation. 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 $136,590. The median annual salary (50th percentile) is $62,600. The average annual salary for the bottom 10 percent loan officers is $28,440.
The table and chart below show the trend of the median salary of loan officers in the industry of Nondepository Credit Intermediation from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $62,600 | 2.08% | 8.77% |
| 2016 | $61,300 | -0.03% | - |
| 2015 | $61,320 | 3.51% | - |
| 2014 | $59,170 | 0.98% | - |
| 2013 | $58,590 | 2.53% | - |
| 2012 | $57,110 | - | - |
The average salaries of loan officers in 19 industries within the finance and insurance sector are shown in Table 3. For salary information of loan officers in a specific industry, use the links in the table.
Back to: Salary of loan officers in the industry sector of finance and insurance.