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or $30.47 hourly
as of 2021
What is the risk of automation?
Qualities required for this occupation:
Social Perceptiveness (56)
Assisting and Caring for Others (27)
Cramped Work Space, Awkward Positions (0)
not very important
How likely do you think this occupation will be taken over by robots/AI within the next 20 years?
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How quickly is this occupation growing?
The number of 'Loan Officers' job openings is expected to rise 3.5% by 2031
'Loan Officers' is expected to be a slow growing occupation in comparison to other occupations.
* Data from the Bureau of Labor Statistics for the period between 2021 and 2031.
Updated projections are due Sep 2023.
What are the median wages for 'Loan Officers' in the United States?
In 2021 the median annual wage for 'Loan Officers' was $63,380, or $30.47 hourly
'Loan Officers' are paid 38.5% higher than the national median wage, which stands at $45,760
* Data from the Bureau of Labor Statistics
How many people are employed as loan officers?
As of 2021 there were 340,170 people employed as Loan Officers within the United States.
This represents around 0.24% of the employed workforce across the country.
Put another way, around 1 in 414 people are employed as Loan Officers.
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
SOC Code: 13-2072.00
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