Loan Officers

O*NET 13-2072.00 · SOC 13-2072

Projected Growth
+6%
2024–2034
Median Salary
$77k
BLS OEWS, May 2025
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.

Get Started Learning

Ready to start building skills for a career as a Loan Officers? These platforms offer courses you can start today — many with free trials or financial aid.

Coursera
University-backed courses and certificates
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Udemy
Affordable self-paced courses from $12.99
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Skillshare
Creative and professional skill classes
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LinkedIn Learning
Professional development with certificates
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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

Who Thrives as Loan Officer?

Based on the interests and work style this role actually demands, these personality types tend to fit it best. Salary and growth tell you if a career is worth entering — personality fit tells you whether you'll still want it in five years.

ESTJThe ExecutiveESFJThe ProviderENTJThe CommanderISTJThe Inspector

Not sure which you are? Take the free 5-minute quiz →

See Open Loan Officers Roles

Browse live openings to get a feel for requirements and pay in your area.

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Is Loan Officers right for you?

Your personality, values, and strengths matter as much as the job market. Take the free quiz to see your personalized Future-Fit Score for this career and hundreds more.

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