Loan Officers (13-2072) in Connecticut



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State of Connecticut (1Q 2017)
All Industry
Estimated employment		2,200
Mean wage		$42.87
Entry wage		$21.25
10th percentile wage		$18.45
50th percentile wage		$34.97
90th percentile wage		$76.71

Top Employing Industries
Industry	Employment Percent
Credit Intermediation and Related Activities	1,980	89.7%
Management of Companies and Enterprises	100	4.3%
Motor Vehicle and Parts Dealers	40	1.9%
Public Administration	20	1%

Best Paying Industries
Industry	Employment Median Wage
Public Administration	20	41.70
Motor Vehicle and Parts Dealers	40	39.14
Management of Companies and Enterprises	100	35.03
Credit Intermediation and Related Activities	1,980	34.92

Loan Officers (13-2072)

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.


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$34.97		$35.84		-$0.87
2016	$33.97	+2.9%	$34.82	+2.9%	-$0.84
2015	$33.03	+2.9%	$33.85	+2.9%	-$0.82
2014	$32.25	+2.4%	$33.05	+2.4%	-$0.80
2013	$31.47	+2.5%	$32.25	+2.5%	-$0.78
2012	$30.96	+1.7%	$31.73	+1.7%	-$0.77
2011	$30.47	+1.6%	$31.23	+1.6%	-$0.75
2010	$29.83	+2.2%	$30.57	+2.2%	-$0.74
2009	$29.61	+.7%	$30.35	+.7%	-$0.73
2008	$28.70	+3.2%	$29.41	+3.2%	-$0.71
Year	This Occupation		Compared to All Occupations		Difference
Current	$34.97		$22.06		$12.91
2016	$33.97	+2.9%	$21.36	+3.3%	$12.62
2015	$33.03	+2.9%	$20.91	+2.1%	$12.12
2014	$32.25	+2.4%	$20.46	+2.2%	$11.79
2013	$31.47	+2.5%	$20.05	+2.1%	$11.42
2012	$30.96	+1.7%	$19.70	+1.7%	$11.25
2011	$30.47	+1.6%	$19.39	+1.6%	$11.08
2010	$29.83	+2.2%	$19.07	+1.7%	$10.76
2009	$29.61	+.7%	$18.81	+1.4%	$10.80
2008	$28.70	+3.2%	$18.33	+2.6%	$10.37

Reference Date: 1st Quarter 2017

Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.


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