Occupational Employment and Wages, 2002

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)
218,470	1.3 %	$25.08	$52,160	0.6 %

Percentile wage estimates for this occupation:

Percentile	10%	25%	50% (Median)	75%	90%
Hourly Wage	$12.40	$15.56	$21.15	$29.89	$42.52
Annual Wage (2)	$25,790	$32,360	$43,980	$62,160	$88,450

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	96,190	$22.98	$47,790	1	20
Nondepository credit intermediation	70,830	$26.39	$54,900	2	14
Activities related to credit intermediation	25,180	$27.60	$57,400	3	10
Management of companies and enterprises	8,340	$26.39	$54,900	4	13
Federal government (OES designation)	4,890	$26.85	$55,850	5	12

Top paying industries for this occupation:

Industry	Employment	Hourly mean wage	Annual mean wage	Employment rank	Wage rank
Securities and commodity contracts brokerage	980	$38.15	$79,350	10	1
Automobile dealers	1,030	$34.82	$72,430	9	2
Residential building construction	440	$30.55	$63,540	13	3
Other motor vehicle dealers	40	$30.31	$63,050	28	4
Accounting and bookkeeping services	300	$29.77	$61,930	14	5

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
South Dakota	1,210	$19.46	$40,470	0.332%	123
Montana	1,280	$19.95	$41,500	0.327%	142
Colorado	6,230	$30.88	$64,230	0.293%	70
North Dakota	890	$21.55	$44,820	0.284%	83
Kansas	3,380	$21.41	$44,530	0.260%	139

Top paying States for this occupation:

State	Employment	Hourly mean wage	Annual mean wage	Percent of State employment	Wage rank within State
Connecticut	2,280	$33.00	$68,630	0.139%	77
District of Columbia	510	$32.58	$67,760	0.086%	70
Arizona	4,640	$32.56	$67,730	0.207%	40
Colorado	6,230	$30.88	$64,230	0.293%	70
New York	7,320	$30.73	$63,920	0.088%	114

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
Great Falls, MT MSA	150	$20.45	$42,530	0.472%
Florence, SC MSA	270	$21.46	$44,630	0.434%
Laredo, TX MSA	290	$30.78	$64,010	0.405%
Charlotte-Gastonia-Rock Hill, NC-SC MSA	2,840	$31.85	$66,240	0.355%
Denver, CO PMSA	3,650	$34.85	$72,500	0.321%

Top paying Metropolitan areas for this occupation:

MSA	Employment	Hourly mean wage	Annual mean wage	Percent of MSA employment
Stamford-Norwalk, CT PMSA	430	$41.29	$85,880	0.215%
San Francisco, CA PMSA	1,790	$37.81	$78,650	0.180%
Bremerton, WA PMSA	110	$37.26	$77,510	0.149%
New York, NY PMSA	3,050	$37.20	$77,380	0.076%
Phoenix-Mesa, AZ MSA	3,630	$35.35	$73,540	0.229%

About 2002 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

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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) Data for detailed occupations does not sum to the totals because the totals include data for 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.

All Business and Financial Operations Occupations

2002 State Occupational Employment and Wage Estimates

2002 Metropolitan Area Occupational Employment and Wage Estimates

2002 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download 2002 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

 

Last Modified Date: November 26, 2003