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Job outlook for commercial loan officers in the United States
Commercial loan officer job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected commercial loan officer job growth rate is 4% from 2018-2028.
About 12,600 new jobs for commercial loan officers are projected over the next decade.
Commercial loan officer salaries have increased 0% for commercial loan officers in the last 5 years.
There are over 7,335 commercial loan officers currently employed in the United States.
There are 91,582 active commercial loan officer job openings in the US.
The average commercial loan officer salary is $70,876.
Are commercial loan officer jobs in demand?
Commercial loan officer job and salary trends over time
Commercial loan officer jobs over time
Commercial loan officer job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 7,335 | 0.00% |
| 2020 | 6,712 | 0.00% |
| 2019 | 6,709 | 0.00% |
| 2018 | 6,571 | 0.00% |
| 2017 | 6,551 | 0.00% |
Average commercial loan officer salary over time
Commercial loan officer salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $70,876 | $34.07 | +1.1% |
| 2025 | $70,111 | $33.71 | +0.4% |
| 2024 | $69,856 | $33.58 | --2.5% |
| 2023 | $71,652 | $34.45 | +1.6% |
| 2022 | $70,532 | $33.91 | +0.3% |
Commercial loan officer jobs by state
Most common states for commercial loan officers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | Minnesota | 5,576,606 | 1,260 | 23% |
| 2 | Idaho | 1,716,943 | 395 | 23% |
| 3 | Massachusetts | 6,859,819 | 1,515 | 22% |
| 4 | North Dakota | 755,393 | 169 | 22% |
| 5 | Rhode Island | 1,059,639 | 221 | 21% |
| 6 | Iowa | 3,145,711 | 598 | 19% |
| 7 | Colorado | 5,607,154 | 1,006 | 18% |
| 8 | South Dakota | 869,666 | 156 | 18% |
| 9 | Arizona | 7,016,270 | 1,198 | 17% |
| 10 | Nebraska | 1,920,076 | 325 | 17% |
| 11 | New Hampshire | 1,342,795 | 234 | 17% |
| 12 | Vermont | 623,657 | 103 | 17% |
| 13 | Illinois | 12,802,023 | 2,047 | 16% |
| 14 | Georgia | 10,429,379 | 1,717 | 16% |
| 15 | Maryland | 6,052,177 | 967 | 16% |
| 16 | Alabama | 4,874,747 | 760 | 16% |
| 17 | California | 39,536,653 | 5,877 | 15% |
| 18 | North Carolina | 10,273,419 | 1,588 | 15% |
| 19 | New Jersey | 9,005,644 | 1,392 | 15% |
| 20 | Missouri | 6,113,532 | 924 | 15% |
Most common cities for commercial loan officers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Des Plaines | 3 | 5% | $52,671 |
| 2 | Medina | 1 | 4% | $66,425 |
| 3 | Dubuque | 1 | 2% | $75,348 |
| 4 | Grapevine | 1 | 2% | $59,448 |
| 5 | Manassas | 1 | 2% | $63,424 |
| 6 | Canton | 1 | 1% | $66,578 |
| 7 | Costa Mesa | 1 | 1% | $54,150 |
| 8 | Lafayette | 1 | 1% | $54,161 |
| 9 | Las Cruces | 1 | 1% | $80,102 |
| 10 | Layton | 1 | 1% | $53,716 |
| 11 | Meridian | 1 | 1% | $63,560 |
| 12 | Colorado Springs | 2 | 0% | $72,349 |
| 13 | Phoenix | 2 | 0% | $57,141 |
| 14 | Boston | 1 | 0% | $82,355 |
| 15 | Detroit | 1 | 0% | $67,872 |
Commercial Loan Officer job outlook: Expert opinions
Our panel of commercial loan officer experts
Arkansas State University
Dr. Bert Greenwalt
Professor of Agricultural EconomicsArkansas State University
College of Agriculture
What skills stand out on Commercial Loan Officer resumes?
Dr. Bert Greenwalt: -Familiarity with farm businesses and rural culture
-1-3 yrs. experience in the agribusiness sector
What soft skills should all Commercial Loan Officers possess?
Dr. Bert Greenwalt: -Effective interpersonal communication
-Ability to explain complex concepts
What hard/technical skills are most important for Commercial Loan Officers?
Dr. Bert Greenwalt: -Analytical and problem-solving skills
-Critical thinking skills
-Understanding of farm business management and finance
What skills will help Commercial Loan Officers earn the most?
Dr. Bert Greenwalt: -Excellent strategic selling skills and proven customer service skills