LOAN OFFICERS

CAREER 101

FOR DUMMIES

WHAT THEY DOLoan Officers evaluate, authorize, or recommend

approval of commercial, real estate, or credit loans. 

WHAT ELSE THEY DOThey advise borrowers on financial status and

payment methods. They also analyze applicants'

financial status, credit and property evaluations to

determine feasibility of granting loans.

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SALARYAverage salary: $75,170 per year

Hourly wage: $36.14 per hour

Source: bls.gov

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"Choose a job you love andyou'll never have to work

a day in your life."- Confucius

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PROS #1Perfect if you are someone who is

organized and likes to follow procedures

and routines

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PROS #2Suitable for people who values

relationships between coworkers andcustomers and wants to work in a

friendly non-competitive environment

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CONS #1There are more suitable careers out

there if you are an artistic and creativeperson who likes to work with designs

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CONS #2Long working hours. You typically work

more than 40 hours per week

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I LOVE MY JOB!74% of them said they were satisfied with their

job and 53% said they feel like their job is

making other people’s lives better.

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SHOULD I BE ONEPeople who are suitable for this job tends to like

following set procedures and routines. They like

working with data and details more than with

ideas.

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HOW TO BE ONE32% of Loan Officers said they

had a Bachelors Degree

20% of them hold a High School Diploma

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WANT MORE ?You can find the full career info including:

How long does it take to be one

"Should I Be One" career quiz

What their typical day looks like

Click here: Everything you need to know about this career

Click here: Find a career or college that is right for you

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WHO ARE WEOwlGuru.com is the largest career and college

finder website. We help you to find a career and

college that is right for you.

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