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Loan Officers

in Massachusetts

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, and loan underwriters.

Occupation Projection for Loan Officers

SOC
Code
Title Employment Change Average Annual Typical education needed for entry
2016 2026 Level Percent Exits Transfers Change Openings
132072  Loan Officers 16,322 17,444 1,122 6.87 % 408 936 112 1,456 Bachelor's degree 

Loan Officers Projections by Industry

Industry 2016
Employment
Projected 2026 Employment Change
2016-2026
2017
Mean Annual OES Wage
Number Percent Distribution Number Percent Distribution Number Percent
Management of Companies and Enterprises    830  5 % 890  5 % 60  8 % $104,650
Management of Companies and Enterprises    830  5 % 890  5 % 60  8 % $104,650
Motor Vehicle and Parts Dealers    100  1 % 120  1 % 20  14 % $100,190
Massachusetts Department of Unemployment Assistance
Economic Research
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more...)