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.

What Does a Consumer Loan Officer Do

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.

How To Become a Consumer Loan Officer

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.

Learn More About How To Become a Consumer Loan Officer

Consumer Loan Officer Career Paths

Top Careers Before Consumer Loan Officer

Top Careers After Consumer Loan Officer

Average Salary for a Consumer Loan Officer

Consumer Loan Officers in America make an average salary of $84,607 per year or $41 per hour. The top 10 percent makes over $116,000 per year, while the bottom 10 percent under $61,000 per year.
Average Consumer Loan Officer Salary
$84,607 Yearly
$40.68 hourly
$61,000
10 %
$84,000
Median
$116,000
90 %

What Am I Worth?

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Consumer Loan Officer Education

Consumer Loan Officer Majors

40.4 %
16.0 %

Consumer Loan Officer Degrees

Bachelors

66.1 %

Associate

16.8 %

High School Diploma

8.2 %

Top Colleges for Consumer Loan Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For a Consumer Loan 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, 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.

Choose From 10+ Customizable Consumer Loan Officer Resume templates

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.

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Consumer Loan Officer Resume
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Consumer Loan Officer Demographics

Consumer Loan Officer Gender Distribution

Female
Female
51%
Male
Male
49%

After extensive research and analysis, Zippia's data science team found that:

  • Among consumer loan officers, 51.1% of them are women, while 48.9% are men.

  • The most common race/ethnicity among consumer loan officers is White, which makes up 67.8% of all consumer loan officers.

  • The most common foreign language among consumer loan officers is Spanish at 84.8%.

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Top Consumer Loan Officer Employers

Most Common Employers For Consumer Loan Officer

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Arvest Bank$94,342$45.3612
2U.S. Bank$88,239$42.4243
3First Financial Bank$86,257$41.473
4Fifth Third Bank$84,505$40.634
5Bank of America$83,590$40.1918
6Wells Fargo$83,136$39.976
7Ethic, A Wealth Bank$82,823$39.824
8Regions Bank$81,742$39.305
9Navy Federal Credit Union$81,023$38.957
10SunTrust$78,494$37.7418