Loan officer earnings by seniority

Approximate values based on highest and lowest earning segments.

Loan officer salary by state

State Name Average Salary
New York $96,430
District of Columbia $81,170
Massachusetts $79,570
New Jersey $78,870
Minnesota $78,660
Rhode Island $78,640
Nevada $78,470
Oregon $78,300
North Dakota $77,060
Colorado $76,920
Kansas $76,920
New Hampshire $76,920
Michigan $76,840
North Carolina $76,840
Virginia $76,710
Nebraska $75,700
Wisconsin $74,890
Missouri $74,520
Arkansas $74,490
Pennsylvania $65,810
California $64,390
South Dakota $63,560
Hawaii $63,460
Montana $63,270
Maine $63,200
Illinois $63,170
Iowa $62,650
Maryland $62,610
Washington $62,530
Kentucky $62,320
Ohio $62,320
Wyoming $62,160
Georgia $62,100
Connecticut $61,850
New Mexico $61,170
Texas $61,120
Tennessee $60,800
Indiana $60,550
Delaware $60,140
Florida $60,110
Oklahoma $60,110
Vermont $60,110
Alabama $53,410
South Carolina $53,410
Arizona $52,530
Idaho $49,920
Louisiana $49,780
Alaska $49,620
Utah $48,300
West Virginia $48,000
Mississippi $44,480
Guam $38,630
Puerto Rico $30,080

How do loan officer salaries compare to similar careers?

Loan officers earn about the same as related careers in Massachusetts. On average, they make less than financial analysts but more than operations research analysts.

Career Median Salary
Financial analyst salary $98K
Cost estimator salary $99K
Securities and commodities broker salary $78K
Stock trader salary $78K
Consultant salary $82K
Loan officer salary $80K
Auditor salary $81K
Accountant salary $81K
Budget analyst salary $82K
Operations research analyst salary $80K

Source: CareerExplorer (Aggregated)