Loan Officers
O*NET 13-2072.00 · SOC 13-2072
Projected Growth
+6%
2024–2034
Median Salary
$72k
per year
Annual Openings
24k
positions/year
Education Level
Zone 4
Considerable preparation needed (bachelor's degree)
What You'd Actually Do
- →Process loan applications
- →Assess borrower qualifications
- →Explain loan terms to applicants
- →Ensure regulatory compliance
- →Build client relationships for referrals
Education & How to Get In
🎯
Job Zone 4
Considerable preparation needed (bachelor's degree)
A bachelor's degree is the standard entry point for Loan Officers roles. Related majors and internship experience during college significantly improve your chances. Many employers also value relevant certifications or project portfolios alongside the degree.
Work Environment
Primary Setting
Structured — offices, data centers, or remote
Work Style
Independent — focused deep work with periodic team check-ins
A Day in the Life
While every role varies by employer and specialization, a typical day as a Loan Officers involves a mix of core responsibilities:
MorningProcess loan applications
MiddayAssess borrower qualifications
AfternoonExplain loan terms to applicants
Personality Fit (RIASEC)
Conventional (Organizers)6.1
Enterprising (Persuaders)5.0
Social (Helpers)3.6
Investigative (Thinkers)2.3
Realistic (Doers)1.4
Artistic (Creators)1.0
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