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Occupational Employment and Wages, May 2003
13-2072 Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Include mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
National estimates for this occupation
Industry profile for this occupation
State profile for this occupation
Metropolitan area profile for this occupation
National estimates for this occupation: Top
Employment estimate and mean wage estimates for this occupation:
| Employment (1) |
Employment
RSE (3) |
Mean hourly
wage |
Mean annual
wage (2) |
Wage RSE (3) |
| 237,150 |
1.4 % |
$26.73 |
$55,590 |
0.7 % |
Percentile wage estimates for this occupation:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$12.89 |
$16.34 |
$22.43 |
$31.85 |
$45.15 |
| Annual Wage (2) |
$26,800 |
$33,990 |
$46,640 |
$66,240 |
$93,920 |
Industry profile for this occupation: Top
Industries with the highest levels of employment in this occupation:
| Industry |
Employment |
Hourly mean wage |
Annual mean wage |
Employment rank |
Wage rank |
|
Depository credit intermediation |
99,910 |
$24.16 |
$50,260 |
1 |
17 |
|
Nondepository credit intermediation |
77,770 |
$28.30 |
$58,870 |
2 |
10 |
|
Activities related to credit intermediation |
31,930 |
$29.69 |
$61,770 |
3 |
7 |
|
Management of companies and enterprises |
8,340 |
$27.67 |
$57,560 |
4 |
13 |
|
Federal government (OES designation) |
4,690 |
$27.88 |
$57,980 |
5 |
12 |
Top paying industries for this occupation:
State profile for this occupation: Top
States with the highest concentration of workers in this occupation:
| State |
Employment |
Hourly mean wage |
Annual mean wage |
Percent of State employment |
Wage rank within State |
|
Colorado |
7,010 |
$32.21 |
$66,990 |
0.332% |
71 |
|
Montana |
1,250 |
$19.91 |
$41,410 |
0.316% |
155 |
|
South Dakota |
1,110 |
$19.38 |
$40,310 |
0.313% |
121 |
|
Rhode Island |
1,410 |
$41.19 |
$85,680 |
0.297% |
22 |
|
Kansas |
3,810 |
$22.18 |
$46,130 |
0.294% |
147 |
Top paying States for this occupation:
| State |
Employment |
Hourly mean wage |
Annual mean wage |
Percent of State employment |
Wage rank within State |
|
Rhode Island |
1,410 |
$41.19 |
$85,680 |
0.297% |
22 |
|
Massachusetts |
4,370 |
$35.92 |
$74,710 |
0.138% |
66 |
|
Connecticut |
2,370 |
$34.66 |
$72,100 |
0.144% |
78 |
|
Arizona |
5,650 |
$34.58 |
$71,930 |
0.250% |
38 |
|
District of Columbia |
480 |
$33.68 |
$70,060 |
0.081% |
77 |
Metropolitan area profile for this occupation: Top
Metropolitan areas with the highest concentration of workers in this occupation:
| MSA |
Employment |
Hourly mean wage |
Annual mean wage |
Percent of MSA employment |
|
Manchester, NH PMSA |
540 |
$36.46 |
$75,840 |
0.510% |
|
Florence, SC MSA |
320 |
$22.32 |
$46,420 |
0.510% |
|
Great Falls, MT MSA |
150 |
$17.92 |
$37,270 |
0.474% |
|
Charlotte-Gastonia-Rock Hill, NC-SC MSA |
3,130 |
$32.48 |
$67,550 |
0.390% |
|
Boulder-Longmont, CO PMSA |
580 |
$28.25 |
$58,760 |
0.374% |
Top paying Metropolitan areas for this occupation:
| MSA |
Employment |
Hourly mean wage |
Annual mean wage |
Percent of MSA employment |
|
Stamford-Norwalk, CT PMSA |
430 |
$44.69 |
$92,960 |
0.215% |
|
Fort Collins-Loveland, CO MSA |
200 |
$43.13 |
$89,720 |
0.168% |
|
New York, NY PMSA |
3,420 |
$40.54 |
$84,310 |
0.086% |
|
San Francisco, CA PMSA |
1,670 |
$39.83 |
$82,860 |
0.171% |
|
Boston, MA-NH PMSA |
2,700 |
$39.02 |
$81,150 |
0.141% |
About May 2003 National, State, and Metropolitan Area Occupational Employment and Wage Estimates
To see profiles of other occupations, select from the major groups below:
These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia.
The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).
Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more.
The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median.
More about percentile wages.
(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.
(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours;
for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.
(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.
(6) Estimates not released.
All Business and Financial Operations Occupations
2003 May National Occupational Employment and Wage Estimates
2003 May State Occupational Employment and Wage Estimates
2003 May Metropolitan Area Occupational Employment and Wage Estimates
2003 May National Industry-Specific Occupational Employment and Wage Estimates
List of Occupations in SOC Code Number Order
List of Occupations in Alphabetical Order
Download May 2003 Occupational Employment and Wage Estimates in Zipped Excel files
Technical notes
Last Modified Date: May 7, 2004
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Bureau of Labor Statistics
