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The differences between agricultural loan officers and loan administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an agricultural loan officer and a loan administrator. Additionally, an agricultural loan officer has an average salary of $43,755, which is higher than the $42,859 average annual salary of a loan administrator.
The top three skills for an agricultural loan officer include loan portfolio, financial statements and loan committee. The most important skills for a loan administrator are customer service, data entry, and loan administration.
| Agricultural Loan Officer | Loan Administrator | |
| Yearly salary | $43,755 | $42,859 |
| Hourly rate | $21.04 | $20.61 |
| Growth rate | 4% | 4% |
| Number of jobs | 65,430 | 63,708 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 58% |
| Average age | 45 | 45 |
| Years of experience | 6 | 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 Loan Administrator is a person that takes care of all the documentation part of the loan process. Loans require a lot of documents and requirements, and a loan administrator is a person that helps the client accomplish all these requirements. It is also their job to help clients resolve issues and problems during the loan process. A Loan Administrator is a crucial and hectic job. The one qualified for this position must be good at handling pressure, be good at resolving issues, handle complaints, and communicate with people.
Agricultural loan officers and loan administrators have different pay scales, as shown below.
| Agricultural Loan Officer | Loan Administrator | |
| Average salary | $43,755 | $42,859 |
| Salary range | Between $29,000 And $65,000 | Between $31,000 And $59,000 |
| Highest paying City | San Bernardino, CA | Seattle, WA |
| Highest paying state | New York | Hawaii |
| Best paying company | GPAC | BNY Mellon |
| Best paying industry | - | Finance |
There are a few differences between an agricultural loan officer and a loan administrator in terms of educational background:
| Agricultural Loan Officer | Loan Administrator | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 58% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and loan administrators' demographics:
| Agricultural Loan Officer | Loan Administrator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 23.2% Female, 76.8% |
| 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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.2% Asian, 6.4% White, 63.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |