Loan Adviser Overview
Working as a Loan Adviser
There is more than meets the eye when it comes to being a loan adviser. For example, did you know that they make an average of $31.81 an hour? That's $66,170 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 Loan Adviser Do
There are certain skills that many loan advisers 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 math skills, communication skills and interpersonal skills.
When it comes to the most important skills required to be a loan adviser, we found that a lot of resumes listed 18.4% of loan advisers included customer service, while 18.3% of resumes included loan applications, and 13.7% of resumes included loan advisor. 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 loan adviser job title. But what industry to start with? Most loan advisers actually find jobs in the finance and professional industries.
How To Become a Loan Adviser
If you're interested in becoming a loan adviser, one of the first things to consider is how much education you need. We've determined that 41.0% of loan advisers have a bachelor's degree. In terms of higher education levels, we found that 6.9% of loan advisers have master's degrees. Even though some loan advisers 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 loan adviser. When we researched the most common majors for a loan adviser, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on loan adviser resumes include associate degree degrees or master's degree degrees.
You may find that experience in other jobs will help you become a loan adviser. In fact, many loan adviser jobs require experience in a role such as customer service representative. Meanwhile, many loan advisers also have previous career experience in roles such as sales associate or cashier.
What is the right job for my career path?
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Loan Adviser Jobs
Loan Adviser Career Paths
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 assistant manager you might progress to a role such as account manager eventually. Later on in your career, you could end up with the title director, inside sales.
What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Average Salary for a Loan Adviser
Best Paying Cities
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Kelly Services Loan Adviser Loan Adviser | Kelly Services Kelly Services | 11/18/2019 11/18/2019 | $48,00111/18/2019 $48,001 |
Tennessee Housing Development Agency Loan Adviser Loan Adviser | Tennessee Housing Development Agency Tennessee Housing Development Agency | 11/14/2019 11/14/2019 | $72,54011/14/2019 $72,540 |
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Loan Adviser Resumes
Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Loan Adviser. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.
Learn How To Write a Loan Adviser Resume
At Zippia, we went through countless Loan Adviser resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Detailed InformationTop Colleges for Loan Advisers
1. University of Pennsylvania
Philadelphia, PA
2. Northwestern University
Evanston, IL
3. University of Southern California
Los Angeles, CA
4. SUNY at Binghamton
Vestal, NY
5. Villanova University
Villanova, PA
6. San Diego State University
San Diego, CA
7. Bentley University
Waltham, MA
8. Boston University
Boston, MA
9. SUNY Stony Brook
Stony Brook, NY
10. New York University
New York, NY
Entry Level Jobs For Becoming A Loan Adviser
Top Skills For a Loan Adviser
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, 18.4% of loan advisers listed customer service on their resume, but soft skills such as math skills and communication skills are important as well.
- Customer Service, 30.7%
- Communication, 16.6%
- Sales Goals, 8.0%
- Loan Portfolio, 7.8%
- Loan Applications, 5.3%
- Other Skills, 31.6% See All Loan Adviser Skills
How Do Loan Adviser Rate Their Jobs?
Top Loan Adviser Employers
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ loan advisers and discovered their number of loan adviser opportunities and average salary. Through our research, we concluded that Nelnet was the best, especially with an average salary of $47,365. DriveTime follows up with an average salary of $37,984, and then comes Freedom Mortgage with an average of $54,567. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a loan adviser. The employers include FLAGSTAR BANCORP, Freedom Mortgage, and Drivetime Automotive Group
Loan Adviser Videos
