There is more than meets the eye when it comes to being a consumer loan officer. For example, did you know that they make an average of $40.68 an hour? That's $84,607 a year! Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.
There are certain skills that many consumer loan 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 detail oriented, initiative and interpersonal skills.
If you're interested in becoming a consumer loan officer, one of the first things to consider is how much education you need. We've determined that 66.1% of consumer loan officers have a bachelor's degree. In terms of higher education levels, we found that 4.6% of consumer loan officers have master's degrees. Even though most consumer loan officers have a college degree, it's possible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of loan officer you might progress to a role such as account executive eventually. Later on in your career, you could end up with the title director, inside sales.
What Am I Worth?
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Vestal, NY • Private
Villanova, PA • Private
San Diego, CA • Private
Waltham, MA • Private
Boston, MA • Private
Stony Brook, NY • Private
New York, NY • Private
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, 21.0% of consumer loan officers listed loan portfolio on their resume, but soft skills such as detail oriented and initiative are important as well.
Zippia allows you to choose from different easy-to-use Consumer Loan Officer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Consumer Loan Officer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|3||First Financial Bank||$86,257||$41.47||3|
|4||Fifth Third Bank||$84,505||$40.63||4|
|5||Bank of America||$83,590||$40.19||18|
|7||Ethic, A Wealth Bank||$82,823||$39.82||4|
|9||Navy Federal Credit Union||$81,023||$38.95||7|