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The differences between agricultural loan officers and commercial underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial underwriter has an average salary of $59,051, which is higher than the $43,755 average annual salary of an agricultural loan officer.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for a commercial underwriter are real estate, customer service, and financial analysis.
| Agricultural Loan Officer | Commercial Underwriter | |
| Yearly salary | $43,755 | $59,051 |
| Hourly rate | $21.04 | $28.39 |
| Growth rate | 4% | -4% |
| Number of jobs | 65,430 | 31,908 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Average age | 45 | 44 |
| Years of experience | 6 | - |
An agricultural loan officer provides loan assistance to people in the agricultural sector. Farmers, fishers, and livestock owners all need steady funds for their operations, and the variable nature of the agricultural sector may threaten to end their businesses. An agricultural loan officer assesses potential recipients, determines their needs, and determines the total cost required to continue their businesses' operations. This position requires good communication skills, high organization, and strong background knowledge of social work.
A commercial underwriter is responsible for processing commercial loan applications, evaluating payment agreements and terms of service, validating customers' information, and requesting additional documents as needed. Commercial underwriters analyze the credit qualifications of an applicant, including financial history, account statements, and outstanding loan applications, if any. They identify potential credit risks for the loan request and advice the applicants for alternative loan options according to their needs and qualifications. A commercial underwriter responds to the applicants' inquiries and concerns regarding their loan applications and provides timely decisions for their requests.
Agricultural loan officers and commercial underwriters have different pay scales, as shown below.
| Agricultural Loan Officer | Commercial Underwriter | |
| Average salary | $43,755 | $59,051 |
| Salary range | Between $29,000 And $65,000 | Between $41,000 And $84,000 |
| Highest paying City | San Bernardino, CA | Olympia, WA |
| Highest paying state | New York | Washington |
| Best paying company | GPAC | J.P. Morgan |
| Best paying industry | - | Finance |
There are a few differences between an agricultural loan officer and a commercial underwriter in terms of educational background:
| Agricultural Loan Officer | Commercial Underwriter | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and commercial underwriters' demographics:
| Agricultural Loan Officer | Commercial Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 48.7% Female, 51.3% |
| Race ratio | Black or African American, 10.4% Unknown, 4.7% Hispanic or Latino, 12.3% Asian, 7.0% White, 65.1% American Indian and Alaska Native, 0.5% | Black or African American, 9.9% Unknown, 2.5% Hispanic or Latino, 9.3% Asian, 5.5% White, 72.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |