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Loan analyst salary
Average loan analyst salary
$37,857
Understanding Loan Analyst Salaries
The average salary for a Loan Analyst is currently $37,857 per year. This figure may vary based on several factors including geographic location, years of experience, and the specific industry. For example, professionals in metropolitan areas may earn higher wages due to the higher cost of living.
Factors Affecting Salary
Loan Analysts with more experience tend to command higher salaries. Entry-level positions may start around $30,000, while seasoned analysts can earn upwards of $50,000 annually. Additionally, those employed in larger financial institutions often see better compensation packages compared to smaller firms.
Top Paying States
States with the highest average salaries for Loan Analysts include California, New York, and Texas. These regions not only offer competitive salaries but also abundant job opportunities, making them attractive for professionals in the field.
Conclusion
Overall, understanding the salary landscape is crucial for anyone considering a career as a Loan Analyst. By evaluating state-specific data and experience level, job seekers can make informed decisions about their career paths.
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Where can a Loan Analyst earn more?
Loan analyst salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level loan analyst | $24,600 | $11.84 |
| Mid-level loan analyst | $40,500 | $19.48 |
| Senior-level loan analyst | $72,300 | $34.77 |
Loan analyst salary estimates from across the web
Average loan analyst salary by state
The average loan analyst salary in South Dakota, New Mexico, and Washington are the highest in the U.S. The lowest average loan analyst salary states are Tennessee, Utah, and Indiana.
- State view
- County view
Highest paying states for loan analysts
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | South Dakota | $53,716 | $25.82 |
| 2 | Wyoming | $47,484 | $22.83 |
| 3 | Maine | $50,617 | $24.34 |
| 4 | North Dakota | $46,391 | $22.30 |
| 5 | Rhode Island | $47,582 | $22.88 |
| 6 | North Carolina | $49,747 | $23.92 |
| 7 | New York | $49,982 | $24.03 |
| 8 | Montana | $47,761 | $22.96 |
| 9 | Delaware | $46,766 | $22.48 |
| 10 | New Mexico | $53,630 | $25.78 |
| 11 | Arkansas | $51,756 | $24.88 |
| 12 | Washington | $52,011 | $25.01 |
| 13 | New Jersey | $48,892 | $23.51 |
| 14 | Maryland | $48,698 | $23.41 |
| 15 | Vermont | $46,919 | $22.56 |
| 16 | Colorado | $45,128 | $21.70 |
| 17 | Minnesota | $43,852 | $21.08 |
| 18 | Hawaii | $50,022 | $24.05 |
| 19 | Michigan | $42,766 | $20.56 |
| 20 | Florida | $43,041 | $20.69 |
| 21 | Ohio | $40,975 | $19.70 |
| 22 | District of Columbia | $44,855 | $21.56 |
| 23 | Nebraska | $43,439 | $20.88 |
| 24 | South Carolina | $43,263 | $20.80 |
| 25 | Kansas | $41,438 | $19.92 |
| 26 | Alaska | $44,376 | $21.33 |
| 27 | Massachusetts | $46,160 | $22.19 |
| 28 | Oregon | $44,358 | $21.33 |
| 29 | California | $44,414 | $21.35 |
| 30 | New Hampshire | $43,364 | $20.85 |
| 31 | Connecticut | $43,956 | $21.13 |
| 32 | Texas | $39,807 | $19.14 |
| 33 | West Virginia | $41,134 | $19.78 |
| 34 | Oklahoma | $42,107 | $20.24 |
| 35 | Missouri | $40,696 | $19.57 |
| 36 | Illinois | $40,745 | $19.59 |
| 37 | Kentucky | $40,762 | $19.60 |
| 38 | Arizona | $38,458 | $18.49 |
| 39 | Idaho | $38,194 | $18.36 |
| 40 | Wisconsin | $39,347 | $18.92 |
| 41 | Iowa | $38,526 | $18.52 |
| 42 | Utah | $34,835 | $16.75 |
| 43 | Pennsylvania | $37,800 | $18.17 |
| 44 | Tennessee | $37,123 | $17.85 |
| 45 | Virginia | $37,985 | $18.26 |
| 46 | Nevada | $34,362 | $16.52 |
| 47 | Georgia | $38,153 | $18.34 |
| 48 | Indiana | $34,832 | $16.75 |
| 49 | Louisiana | $37,500 | $18.03 |
| 50 | Alabama | $33,566 | $16.14 |
| 51 | Mississippi | $32,553 | $15.65 |
Highest paying cities for loan analysts
The highest-paying cities for loan analysts are Raleigh, NC, New York, NY, and Jersey City, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Raleigh, NC | $50,050 | $24.06 |
| 2 | New York, NY | $50,026 | $24.05 |
| 3 | Jersey City, NJ | $49,134 | $23.62 |
| 4 | Wilmington, DE | $46,947 | $22.57 |
| 5 | Waltham, MA | $46,138 | $22.18 |
| 6 | San Francisco, CA | $45,235 | $21.75 |
| 7 | Denver, CO | $45,094 | $21.68 |
| 8 | Glastonbury, CT | $44,064 | $21.18 |
| 9 | Jacksonville, FL | $44,052 | $21.18 |
| 10 | Minneapolis, MN | $43,805 | $21.06 |
| 11 | Manchester, NH | $43,431 | $20.88 |
| 12 | Livonia, MI | $42,787 | $20.57 |
| 13 | Overland Park, KS | $41,528 | $19.97 |
| 14 | Chicago, IL | $40,792 | $19.61 |
| 15 | Chesterfield, MO | $40,603 | $19.52 |
| 16 | Austin, TX | $39,781 | $19.13 |
| 17 | McLean, VA | $38,700 | $18.61 |
| 18 | Tempe, AZ | $38,458 | $18.49 |
| 19 | Des Moines, IA | $38,418 | $18.47 |
| 20 | Pittsburgh, PA | $36,685 | $17.64 |
Loan analyst salary details
A loan analyst's salary ranges from $24,000 a year at the 10th percentile to $58,000 at the 90th percentile.
What is a loan analyst's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $58,000 | $4,833 | $28 |
| 75th Percentile | $47,000 | $3,917 | $23 |
| Average | $37,857 | $3,155 | $18 |
| 25th Percentile | $30,000 | $2,500 | $14 |
| 10th Percentile | $24,000 | $2,000 | $12 |
Highest paying loan analyst jobs
The highest paying types of loan analysts are credit officer, credit risk analyst, and bank officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Credit Officer | $129,478 | $10,790 | $62.25 | 60,323 |
| Underwriter | $61,751 | $5,146 | $29.69 | 8,510 |
| Mortgage Banker | $27,331 | $2,278 | $13.14 | 24,297 |
| Commercial Underwriter | $59,051 | $4,921 | $28.39 | 31,908 |
| Bank Officer | $79,562 | $6,630 | $38.25 | 69,880 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
Top companies hiring loan analysts now:
Which companies pay loan analysts the most?
Loan analyst salaries at Barclays and Northern Trust are the highest-paying according to our most recent salary estimates. In addition, the average loan analyst salary at companies like Centennial Bank and Simmons Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Barclays | $55,492 | $26.68 |
| 2 | Northern Trust | $54,124 | $26.02 |
| 3 | Home Bancshares Inc. | $53,882 | $25.90 |
| 4 | Simmons Bank | $50,888 | $24.47 |
| 5 | First Republic Bank | $45,985 | $22.11 |
| 6 | Old Second Bank | $44,757 | $21.52 |
| 7 | First Western Trust | $43,683 | $21.00 |
| 8 | Amundi | $43,233 | $20.79 |
| 9 | Citi | $43,208 | $20.77 |
| 10 | Ent Credit Union | $42,719 | $20.54 |
| 11 | MetLife | $42,292 | $20.33 |
| 12 | Comerica | $42,189 | $20.28 |
| 13 | Umpqua Bank | $42,003 | $20.19 |
| 14 | JPMorgan Chase & Co. | $41,774 | $20.08 |
| 15 | Sotheby's | $41,768 | $20.08 |
| 16 | Popular | $41,727 | $20.06 |
| 17 | Liberty Bank | $41,416 | $19.91 |
| 18 | NBH Bank | $41,218 | $19.82 |
| 19 | CSC Holdings LLC | $40,590 | $19.51 |
| 20 | Capital Mortgage Services of Texas | $40,553 | $19.50 |
Wage gap by gender, race and education
Loan analyst salary trends
The average loan analyst salary has risen by $3,510 over the last ten years. In 2014, the average loan analyst earned $34,347 annually, but today, they earn $37,857 a year. That works out to a 0% change in pay for loan analysts over the last decade.
Compare loan analyst salaries for cities or states with the national average over time.
Average loan analyst salary over time
Compare loan analyst salaries for individual cities or states with the national average.
Loan analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $37,900 | $18.20 | +1.1% |
| 2024 | $37,400 | $18.00 | +0.4% |
| 2023 | $37,300 | $17.94 | -2.6% |
| 2022 | $38,300 | $18.40 | +1.6% |
| 2021 | $37,700 | $18.11 | +0.3% |
Recently added loan analyst salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| MUFG Americas Holdings | Corporate & Commercial Loan Middle Office, Analyst | Tempe, AZ | 06/29/2025 | $65,000 |
| Commercial Real Estate | Loan Surveillance Analyst | Irvine, CA | 06/29/2025 | $65,000 |
| TD Bank | com'l Portfolio Loan Spec (US) | Lewiston, ME | 06/27/2025 | $52,175 |
| TD Bank | com'l Portfolio Loan Spec (US) | Jacksonville, FL | 06/27/2025 | $52,175 |
| TD Bank | com'l Portfolio Loan Spec (US) | Mount Laurel, NJ | 06/27/2025 | $52,175 |
| TD Bank | com'l Portfolio Loan Spec (US) | Greenville, SC | 06/27/2025 | $52,175 |
| Federal Agricultural Mortgage Corporation | Analyst-Loan Closing | Johnston, IA | 06/16/2025 | $55,000 |
| Bellwether Coffee | Analyst, Loan Servicing | Dallas, TX | 06/14/2025 | $85,000 |
| Citigroup Inc. | Loan Governance and Oversight Analyst-B10 | New Castle, DE | 06/13/2025 | $48,840 |
| Pennymac | Loan Remittance Analyst I | Moorpark, CA | 06/12/2025 | $40,000 |
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