There is more than meets the eye when it comes to being a loan consultant. For example, did you know that they make an average of $20.26 an hour? That's $42,145 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 loan consultants 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 consultant, we found that a lot of resumes listed 33.1% of loan consultants included loan applications, while 6.6% of resumes included financial status, and 4.9% of resumes included financial services. 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 consultant job title. But what industry to start with? Most loan consultants actually find jobs in the finance and construction industries.
If you're interested in becoming a loan consultant, one of the first things to consider is how much education you need. We've determined that 47.4% of loan consultants have a bachelor's degree. In terms of higher education levels, we found that 10.3% of loan consultants have master's degrees. Even though most loan consultants 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 consultant. When we researched the most common majors for a loan consultant, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on loan consultant resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become a loan consultant. In fact, many loan consultant jobs require experience in a role such as loan officer. Meanwhile, many loan consultants also have previous career experience in roles such as customer service representative or account executive.