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The differences between agricultural loan officers and senior credit analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an agricultural loan officer, becoming a senior credit analyst takes usually requires 1-2 years. Additionally, a senior credit analyst has an average salary of $86,364, 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 senior credit analyst are credit analysis, customer service, and real estate.
| Agricultural Loan Officer | Senior Credit Analyst | |
| Yearly salary | $43,755 | $86,364 |
| Hourly rate | $21.04 | $41.52 |
| Growth rate | 4% | 17% |
| Number of jobs | 65,430 | 15,221 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Average age | 45 | 39 |
| Years of experience | 6 | 2 |
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 senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
Agricultural loan officers and senior credit analysts have different pay scales, as shown below.
| Agricultural Loan Officer | Senior Credit Analyst | |
| Average salary | $43,755 | $86,364 |
| Salary range | Between $29,000 And $65,000 | Between $59,000 And $125,000 |
| Highest paying City | San Bernardino, CA | White Plains, NY |
| Highest paying state | New York | New York |
| Best paying company | GPAC | Apple |
| Best paying industry | - | Finance |
There are a few differences between an agricultural loan officer and a senior credit analyst in terms of educational background:
| Agricultural Loan Officer | Senior Credit Analyst | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and senior credit analysts' demographics:
| Agricultural Loan Officer | Senior Credit Analyst | |
| Average age | 45 | 39 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 54.6% Female, 45.4% |
| 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, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 11% |