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The differences between agricultural loan officers and underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriter has an average salary of $61,751, 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 an underwriter are customer service, investor guidelines, and mortgage loans.
| Agricultural Loan Officer | Underwriter | |
| Yearly salary | $43,755 | $61,751 |
| Hourly rate | $21.04 | $29.69 |
| Growth rate | 4% | -4% |
| Number of jobs | 65,430 | 8,510 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 66% |
| 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.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Agricultural loan officers and underwriters have different pay scales, as shown below.
| Agricultural Loan Officer | Underwriter | |
| Average salary | $43,755 | $61,751 |
| Salary range | Between $29,000 And $65,000 | Between $39,000 And $96,000 |
| Highest paying City | San Bernardino, CA | Boston, MA |
| Highest paying state | New York | Massachusetts |
| Best paying company | GPAC | |
| Best paying industry | - | Manufacturing |
There are a few differences between an agricultural loan officer and an underwriter in terms of educational background:
| Agricultural Loan Officer | Underwriter | |
| 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 underwriters' demographics:
| Agricultural Loan Officer | Underwriter | |
| Average age | 45 | 44 |
| Gender ratio | Male, 77.4% Female, 22.6% | Male, 38.4% Female, 61.6% |
| 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, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 8% | 9% |