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The differences between agricultural loan officers and senior loan officers 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 senior loan officer. Additionally, an agricultural loan officer has an average salary of $43,755, which is higher than the $37,162 average annual salary of a senior 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 loan officer are customer service, loan applications, and origination.
| Agricultural Loan Officer | Senior Loan Officer | |
| Yearly salary | $43,755 | $37,162 |
| Hourly rate | $21.04 | $17.87 |
| Growth rate | 4% | 4% |
| Number of jobs | 65,430 | 65,807 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 66% |
| 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 senior loan officer is responsible for authorizing loan applications after evaluating the applicant's loan eligibility upon submitting documents and other requirements. Senior loan officers assist the loan staff for the approval or rejection of the application, providing alternatives for the applicants based on their credibility. They monitor the loan process, create loan contracts, ensuring that the payment plans meet the federal laws and regulations. A senior loan officer must have extensive knowledge of the financial industry to prepare proposals timely and accurately.
Agricultural loan officers and senior loan officers have different pay scales, as shown below.
| Agricultural Loan Officer | Senior Loan Officer | |
| Average salary | $43,755 | $37,162 |
| Salary range | Between $29,000 And $65,000 | Between $29,000 And $46,000 |
| Highest paying City | San Bernardino, CA | Miami, FL |
| Highest paying state | New York | Hawaii |
| Best paying company | GPAC | Salal Credit Union |
| Best paying industry | - | Finance |
There are a few differences between an agricultural loan officer and a senior loan officer in terms of educational background:
| Agricultural Loan Officer | Senior Loan Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 66% |
| Most common major | Agriculture | Business |
| Most common college | Pennsylvania State University | University of Pennsylvania |
Here are the differences between agricultural loan officers' and senior loan officers' demographics:
| Agricultural Loan Officer | Senior Loan Officer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 69.4% Female, 30.6% |
| 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, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |