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The differences between loan managers and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, which is higher than the $39,623 average annual salary of a loan manager.
The top three skills for a loan manager include loan applications, customer service and real estate. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.
| Loan Manager | Real Estate Agent | |
| Yearly salary | $39,623 | $91,788 |
| Hourly rate | $19.05 | $44.13 |
| Growth rate | 4% | 5% |
| Number of jobs | 11,965 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 59% |
| Average age | 45 | 49 |
| Years of experience | 6 | - |
A loan manager is a person who supervises and oversees the financial system and the cash flow of a company. They are responsible for the assessment, examination, approval, and even rejection of loan application based on the financial capacity and capability of a loan applicant. A loan manager determines and classifies the possible financial risk and problems that could be encountered. Also, they are the one who controls lending activities for all loan programs, manages all collections, as well as ensuring that the policies of the company are implemented.
A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.
Loan managers and real estate agents have different pay scales, as shown below.
| Loan Manager | Real Estate Agent | |
| Average salary | $39,623 | $91,788 |
| Salary range | Between $27,000 And $58,000 | Between $66,000 And $126,000 |
| Highest paying City | Jersey City, NJ | Long Beach, NY |
| Highest paying state | New Jersey | West Virginia |
| Best paying company | Pacific Investment Management Company LLC | Santa Clara Valley Water District |
| Best paying industry | Finance | Finance |
There are a few differences between a loan manager and a real estate agent in terms of educational background:
| Loan Manager | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between loan managers' and real estate agents' demographics:
| Loan Manager | Real Estate Agent | |
| Average age | 45 | 49 |
| Gender ratio | Male, 46.5% Female, 53.5% | Male, 43.4% Female, 56.6% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.5% American Indian and Alaska Native, 0.5% | Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 13% |