Working as a Branch Lending Officer

There is more than meets the eye when it comes to being a branch lending officer. For example, did you know that they make an average of $24.14 an hour? That's $50,216 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Branch Lending Officer Do

There are certain skills that many branch lending officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed leadership skills, communication skills and interpersonal skills.

When it comes to the most important skills required to be a branch lending officer, we found that a lot of resumes listed 20.8% of branch lending officers included loan applications, while 15.3% of resumes included fha, and 12.9% of resumes included hmda. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the branch lending officer job title. But what industry to start with? Most branch lending officers actually find jobs in the finance and health care industries.

How To Become a Branch Lending Officer

If you're interested in becoming a branch lending officer, one of the first things to consider is how much education you need. We've determined that 51.5% of branch lending officers have a bachelor's degree. In terms of higher education levels, we found that 19.2% of branch lending officers have master's degrees. Even though most branch lending officers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a branch lending officer. When we researched the most common majors for a branch lending officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on branch lending officer resumes include high school diploma degrees or associate degree degrees.

You may find that experience in other jobs will help you become a branch lending officer. In fact, many branch lending officer jobs require experience in a role such as branch manager. Meanwhile, many branch lending officers also have previous career experience in roles such as loan officer or teller.

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Average Salary$50,216
Job Growth Rate8%

Branch Lending Officer Jobs

Branch Lending Officer Career Paths

Top Careers Before Branch Lending Officer
Teller7.6 %
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Top Careers After Branch Lending Officer
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Average Salary for a Branch Lending Officer

Branch Lending Officers in America make an average salary of $50,216 per year or $24 per hour. The top 10 percent makes over $101,000 per year, while the bottom 10 percent under $24,000 per year.
Average Salary
$50,216

Best Paying Cities

City
Average Salary

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Chief Commercial Lending Officer
Chief Commercial Lending Officer
Management Recruiters of Wausau
Management Recruiters of Wausau
06/23/2020
06/23/2020
$90,00006/23/2020
$90,000
Chief Lending Officer
Chief Lending Officer
Management Recruiters of Wausau
Management Recruiters of Wausau
04/29/2020
04/29/2020
$150,00004/29/2020
$150,000
Agricultural & Commercial Lending Officer-Banking
Agricultural & Commercial Lending Officer-Banking
Management Recruiters of Wausau
Management Recruiters of Wausau
04/22/2020
04/22/2020
$75,00004/22/2020
$75,000
Enterprise Testing Officer-Home Lending Horizontal Team
Enterprise Testing Officer-Home Lending Horizontal Team
Wells Fargo
Wells Fargo
03/31/2020
03/31/2020
$99,50003/31/2020
$99,500
Enterprise Testing Officer-Home Lending Horizontal Team
Enterprise Testing Officer-Home Lending Horizontal Team
Wells Fargo
Wells Fargo
03/31/2020
03/31/2020
$99,50003/31/2020
$99,500
See More Recent Salaries

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Branch Lending Officer Demographics

Gender

Male

56.1 %

Female

38.2 %

Unknown

5.7 %
Ethnicity

White

61.4 %

Hispanic or Latino

15.2 %

Black or African American

11.0 %
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Foreign Languages Spoken

Spanish

35.7 %

French

14.3 %

Mandarin

9.5 %
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Branch Lending Officer Education

Schools

Florida International University

13.8 %

University of Washington

6.9 %

Purdue University

6.9 %

Miami Dade College

5.2 %
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Majors

Business

30.1 %

Finance

23.4 %

Management

7.7 %

Economics

7.3 %
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Degrees

Bachelors

51.5 %

Masters

19.2 %

High School Diploma

8.5 %

Associate

8.2 %
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Entry Level Jobs For Becoming A Branch Lending Officer

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Full Time
Part Time
Internship
Temporary

Top Skills For a Branch Lending Officer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.8% of branch lending officers listed loan applications on their resume, but soft skills such as leadership skills and communication skills are important as well.

Best States For a Branch Lending Officer

Some places are better than others when it comes to starting a career as a branch lending officer. The best states for people in this position are New York, New Jersey, Pennsylvania, and Texas. Branch lending officers make the most in New York with an average salary of $73,074. Whereas in New Jersey and Pennsylvania, they would average $71,024 and $68,613, respectively. While branch lending officers would only make an average of $67,747 in Texas, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Pennsylvania

Total Branch Lending Officer Jobs:
185
Highest 10% Earn:
$140,000
Location Quotient:
1.2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Rhode Island

Total Branch Lending Officer Jobs:
26
Highest 10% Earn:
$136,000
Location Quotient:
2.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Branch Lending Officer Jobs:
134
Highest 10% Earn:
$145,000
Location Quotient:
1.25
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Branch Lending Officer Employers

1. Citi
4.9
Avg. Salary: 
$73,912
Branch Lending Officers Hired: 
15+
2. Wells Fargo
4.8
Avg. Salary: 
$42,050
Branch Lending Officers Hired: 
14+
3. Comerica
4.9
Avg. Salary: 
$52,461
Branch Lending Officers Hired: 
13+
4. Bank of America
4.8
Avg. Salary: 
$56,114
Branch Lending Officers Hired: 
13+
5. JPMorgan Chase
4.9
Avg. Salary: 
$75,304
Branch Lending Officers Hired: 
8+
6. Berkshire Bank
3.8
Avg. Salary: 
$40,468
Branch Lending Officers Hired: 
6+

Recently Added Branch Lending Officer Jobs

Updated October 2, 2020