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 10% less than similar careers in North Dakota. On average, they make less than financial managers but more than investment bankers.

Career Median Salary
Financial manager salary $126K
Investment fund manager salary $111K
Financial advisor salary $62K
Business analyst salary $78K
Operations research analyst salary $80K
Loan officer salary $77K
Financial analyst salary $77K
Credit analyst salary $64K
Statistician salary $63K
Investment banker salary $75K

Source: CareerExplorer (Aggregated)