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The differences between loan brokers and loan analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a loan broker and a loan analyst. Additionally, a loan broker has an average salary of $119,784, which is higher than the $37,857 average annual salary of a loan analyst.
The top three skills for a loan broker include financial statements, customer service and loan applications. The most important skills for a loan analyst are loan documentation, customer service, and real estate.
| Loan Broker | Loan Analyst | |
| Yearly salary | $119,784 | $37,857 |
| Hourly rate | $57.59 | $18.20 |
| Growth rate | 4% | 4% |
| Number of jobs | 15,508 | 24,756 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 66% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
Loan brokers and loan analysts have different pay scales, as shown below.
| Loan Broker | Loan Analyst | |
| Average salary | $119,784 | $37,857 |
| Salary range | Between $81,000 And $175,000 | Between $24,000 And $58,000 |
| Highest paying City | - | Raleigh, NC |
| Highest paying state | - | South Dakota |
| Best paying company | - | Barclays |
| Best paying industry | - | Finance |
There are a few differences between a loan broker and a loan analyst in terms of educational background:
| Loan Broker | Loan Analyst | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan brokers' and loan analysts' demographics:
| Loan Broker | Loan Analyst | |
| Average age | 45 | 45 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 43.2% Female, 56.8% |
| Race ratio | Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.2% White, 63.8% American Indian and Alaska Native, 0.5% | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |