The salary statistics and trend of loan officers in the industry of direct insurance (except life, health, and medical) carriers 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 | $34,750 |
| 25th Percentile Wage | $46,740 |
| 50th Percentile Wage | $63,480 |
| 75th Percentile Wage | $88,880 |
| 90th Percentile Wage | $127,230 |
Table 1 shows the average annual salaries for loan officers in the industry of direct insurance (except life, health, and medical) carriers. 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 $127,230. The median annual salary (50th percentile) is $63,480. The average annual salary for the bottom 10 percent loan officers is $34,750.
The table and chart below show the trend of the median salary of loan officers in the industry of Direct Insurance (except Life, Health, and Medical) Carriers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $63,480 | 5.37% | 2.05% |
| 2016 | $60,070 | 5.56% | - |
| 2015 | $56,730 | -2.29% | - |
| 2014 | $58,030 | -10.08% | - |
| 2013 | $63,880 | 2.66% | - |
| 2012 | $62,180 | - | - |
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.