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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.

All Industry Projections for this Occupation

SOC
Code
Title Employment Change Annual Average Openings Typical education needed for entry
2014 2024 Level Percent Total Growth Replace-
ments
132072  Loan Officers 5,505 5,947 442 8.03 % 136 44 92 Bachelor's degree 

Industry Projections for this Occupation

CSV of this data
Projection Table Definitions and Notes
Industry 2014
Employment
Projected 2024 Employment Change
2014-2024
2016
Mean Annual OES Wage
Number Percent Distribution Number Percent Distribution Number Percent
Credit Intermediation and Related Activities    4,210  76 % 4,600  77 % 390  9 % $94,800
Management of Companies and Enterprises    930  17 % 960  16 % 30  4 % $102,150
Management of Companies and Enterprises    930  17 % 960  16 % 30  4 % $102,150
Massachusetts Department of Unemployment Assistance
Department Economic Research
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more...)