Loan Officers Career

For the Loan Officers, the average hourly wage is $40.46 and the average annual wage is $84,160. Understand required skills and ability for the career and find right career colleges for it.
Loan Officers career

Loan Officers

The main tasks and work activities of Loan Officers are to authorize financial actions, interview clients to gather financial information, assess financial status of clients, interpret financial information for others. In general, for the Loan Officers, speaking, active Listening, reading Comprehension, judgment and Decision Making and other 9 skills are required.

General Job Description and Education/Training Levels for Loan Officers

Most of Loan Officers occupations require a four-year bachelor's degree, but some do not. 6.13% of Loan Officers have High School Diploma (or the equivalent) and 69.86% of Loan Officers have Bachelor's Degree and Above. You can check detailed job description, required skiils, activities, and more detailed description at Loan Officers tasks, skills, and ability page.
The following graph shows the percentage of earned degrees held by Loan Officers occupational group.
Less than a High School Diploma
0.00%
High School Diploma (or the equivalent)
6.13%
Post-Secondary Certificate
0.00%
Some College Courses
12.83%
Associate's Degree (or other 2-year degree)
11.18%
Bachelor's Degree and Above
69.86%

Vocational Programs for Loan Officers Career

2 vocational programs are closely related to the Loan Officers occupation - Finance and Credit Management. You can check the schools offering the programs with tuition, length of study, and earning information.
A program that generally prepares individuals to plan, manage, and analyze the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. Includes instruction in principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management
A program that prepares individuals to perform and/or manage operations concerning personal and corporate credit, collateral, loan processing, and related financial agency communications. Includes instruction in general finance and banking principles, insurance, real estate, taxation, business law and regulations, quantitative methods, financial computer systems applications, database management, communications skills, business and office management, and professional standards and ethics

Schools for Loan Officers Occupation

The following schools offer the vocational programs and courses for preparing Loan Officers. The list includes some 4-year colleges that have certificate or associate programs for the career.
Waterbury, CT

Public, 2-4 years, Offering 80 programs to 4,554 enrolled students and its average tuition & fees is $14,140
Farmington, CT

Public, 2-4 years, Offering 56 programs to 3,267 enrolled students and its average tuition & fees is $14,220