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The differences between loan review analysts and commercial loan officers 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 review analyst and a commercial loan officer. Additionally, a commercial loan officer has an average salary of $70,876, which is higher than the $42,678 average annual salary of a loan review analyst.
The top three skills for a loan review analyst include financial statements, loan documentation and real estate. The most important skills for a commercial loan officer are customer service, loan portfolio, and financial statements.
| Loan Review Analyst | Commercial Loan Officer | |
| Yearly salary | $42,678 | $70,876 |
| Hourly rate | $20.52 | $34.08 |
| Growth rate | 4% | 4% |
| Number of jobs | 26,042 | 91,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 76% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
A loan review analyst is a person who evaluates all credit documents and information needed. They are responsible for gaining approval and maintaining compliance under the credit or loan guidelines. A loan revies analyst prepares needed loan reports with the necessary information for approval and decision making. Furthermore, they are the ones who are assessing credit structures. Often, this career is for someone who has experience in credit analysis and assessment.
Commercial loan officers are financial professionals who are responsible for assessing and processing business loan applications at financial institutions. These loan officers must advise clients about their suitable loan and credit options while consulting with managers on credit policies, credit lines, and procedures. They are required to obtain and assess the financial information of applicants that includes their financial statements and credit histories. Commercial loan officers must also collaborate with other financial institutions to set up loan packages for extensive loans.
Loan review analysts and commercial loan officers have different pay scales, as shown below.
| Loan Review Analyst | Commercial Loan Officer | |
| Average salary | $42,678 | $70,876 |
| Salary range | Between $25,000 And $72,000 | Between $50,000 And $100,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | Fort Lee, NJ |
| Highest paying state | Washington | Maine |
| Best paying company | CFA Institute | Glacier Ban |
| Best paying industry | Finance | Finance |
There are a few differences between a loan review analyst and a commercial loan officer in terms of educational background:
| Loan Review Analyst | Commercial Loan Officer | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between loan review analysts' and commercial loan officers' demographics:
| Loan Review Analyst | Commercial Loan Officer | |
| Average age | 45 | 45 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 73.8% Female, 26.2% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% American Indian and Alaska Native, 0.5% | Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 15.5% Asian, 6.5% White, 63.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |