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Job outlook for senior loan consultants in the United States
Senior loan consultant job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected senior loan consultant job growth rate is 4% from 2018-2028.
About 12,600 new jobs for senior loan consultants are projected over the next decade.
Senior loan consultant salaries have increased 0% for senior loan consultants in the last 5 years.
There are over 31,518 senior loan consultants currently employed in the United States.
There are 22,872 active senior loan consultant job openings in the US.
The average senior loan consultant salary is $34,256.
Are senior loan consultant jobs in demand?
Senior loan consultant job and salary trends over time
Senior loan consultant jobs over time
Senior loan consultant job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 31,518 | 0.01% |
| 2020 | 28,602 | 0.01% |
| 2019 | 28,572 | 0.01% |
| 2018 | 28,255 | 0.01% |
| 2017 | 28,467 | 0.01% |
Average senior loan consultant salary over time
Senior loan consultant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $34,256 | $16.47 | +1.1% |
| 2024 | $33,886 | $16.29 | +0.4% |
| 2023 | $33,763 | $16.23 | --2.5% |
| 2022 | $34,631 | $16.65 | +1.6% |
| 2021 | $34,090 | $16.39 | +0.3% |
Senior loan consultant jobs by state
Most common states for senior loan consultants
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | South Dakota | 869,666 | 184 | 21% |
| 2 | New Mexico | 2,088,070 | 362 | 17% |
| 3 | West Virginia | 1,815,857 | 277 | 15% |
| 4 | South Carolina | 5,024,369 | 695 | 14% |
| 5 | Alabama | 4,874,747 | 680 | 14% |
| 6 | District of Columbia | 693,972 | 88 | 13% |
| 7 | Oklahoma | 3,930,864 | 425 | 11% |
| 8 | Mississippi | 2,984,100 | 331 | 11% |
| 9 | Minnesota | 5,576,606 | 472 | 8% |
| 10 | Arizona | 7,016,270 | 408 | 6% |
| 11 | Colorado | 5,607,154 | 316 | 6% |
| 12 | Rhode Island | 1,059,639 | 66 | 6% |
| 13 | Montana | 1,050,493 | 63 | 6% |
| 14 | Delaware | 961,939 | 62 | 6% |
| 15 | Wyoming | 579,315 | 37 | 6% |
| 16 | Vermont | 623,657 | 37 | 6% |
| 17 | Illinois | 12,802,023 | 579 | 5% |
| 18 | Massachusetts | 6,859,819 | 333 | 5% |
| 19 | Missouri | 6,113,532 | 310 | 5% |
| 20 | North Dakota | 755,393 | 41 | 5% |
Most common cities for senior loan consultants
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Los Angeles | 1 | 0% | $37,849 |
Senior Loan Consultant job outlook: Expert opinions
Our panel of senior loan consultant experts
Emory Oxford College
Wittenberg University
How do you envision technology impacting Senior Loan Consultants in the next 5 years?
Christopher Blake Ph.D.: Generally speaking, technological change in economics-related careers has risen as computing power has increased. With greater computing power, economists can analyze more massive datasets and store more information, faster than ever. While the speed and scope of economic analysis have changed, I do not view the present trajectory of technological change as something that will fundamentally change the economic approach. Furthermore, because technological change is mostly out of future graduates' hands in economics, I think it is far more critical for graduates to focus on what they can do technologically.
First, the number and size of available datasets, available publicly and privately, have increased significantly in recent years. Graduates should keep tabs on these datasets and make sure they are up-to-date on new releases. This will help them perform economic analysis easier in any setting.
Secondly, graduates should keep the famous Bill Gates quote in mind during their data work: "I choose a lazy person to do a hard job because a lazy person will find an easy way to do it." As open-source coding languages like R and Python have become more ubiquitous, many very cool packages and source codes have been developed. I cannot stress enough how much graduates should take advantage of these - they will save time, energy, and sanity. When no one has created a code to do a repetitive process, a graduate should take the time to work towards putting something out there. Not only does it make their work more manageable in the future, but it gets their name out there as well.
Finally, the rise in technical communications platforms has genuinely broken the link between jobs and locations. It may be the case that a graduate could effectively turn an "in-person" appointment to one that is remote, if they can effectively convince a hiring manager. Graduates will need to get creative in these and similar ways to avoid struggling to find work as this pandemic continues.
Are there any particularly good places in the United States for Senior Loan Consultants to find work opportunities?
Nancy McHugh Ph.D.: I think that there are opportunities in most parts of the country. It is more about what sort of work students are looking for. A lot of philosophy majors go to law school or into non-profit work. There are opportunities for that everywhere. We've had several students go into public health graduate programs, which also has lots of geographic options. That so many of us are learning to work well-remotely is opening up a lot of options for where people live that are not as tied to the location of one's employment. Thus, I'd say most locations can be ideal locations. It is a matter of what individuals are looking for.