Loan officer earnings by seniority

Approximate values based on highest and lowest earning segments.

Loan officer salary by state

State Name Average Salary
Alaska $56,980
Alabama $53,488
Arkansas $55,514
Arizona $52,696
California $60,420
Colorado $61,010
Connecticut $88,768
District of Columbia $74,840
Delaware $60,140
Florida $67,760
Georgia $54,690
Guam $45,840
Hawaii $66,666
Iowa $61,518
Idaho $59,677
Illinois $81,620
Indiana $57,023
Kansas $75,462
Kentucky $67,450
Louisiana $48,230
Massachusetts $70,090
Maryland $68,060
Maine $64,110
Minnesota $72,030
Missouri $68,010
Mississippi $57,500
Montana $57,840
North Carolina $62,360
North Dakota $67,610
Nebraska $75,800
New Hampshire $76,430
New Jersey $73,180
New Mexico $51,460
Nevada $60,630
New York $78,520
Ohio $64,770
Oklahoma $61,230
Oregon $64,610
Pennsylvania $66,807
Puerto Rico $29,150
Rhode Island $60,460
South Carolina $60,250
South Dakota $59,520
Tennessee $54,490
Texas $68,710
Utah $45,470
Virginia $63,860
Vermont $58,650
Washington $60,540
Wisconsin $62,850
West Virginia $48,820
Wyoming $61,860

How do loan officer salaries compare to similar careers?

Loan officers earn about the same as related careers in Maryland. On average, they make less than business analysts but more than investment bankers.

Career Median Salary
Business analyst salary $98K
Securities and commodities broker salary $63K
Stock trader salary $63K
Financial analyst salary $81K
Budget analyst salary $90K
Loan officer salary $68K
Cost estimator salary $72K
Auditor salary $74K
Accountant salary $74K
Investment banker salary $71K

Source: CareerExplorer (Aggregated)