There is more than meets the eye when it comes to being a senior loan officer. For example, did you know that they make an average of $23.56 an hour? That's $49,006 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 senior loan officers 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 decisionmaking skills, interpersonal skills and detail oriented.
When it comes to the most important skills required to be a senior loan officer, we found that a lot of resumes listed 32.1% of senior loan officers included loan applications, while 7.7% of resumes included financial status, and 5.6% of resumes included customer service. 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 senior loan officer job title. But what industry to start with? Most senior loan officers actually find jobs in the finance and professional industries.
If you're interested in becoming a senior loan officer, one of the first things to consider is how much education you need. We've determined that 53.1% of senior loan officers have a bachelor's degree. In terms of higher education levels, we found that 11.1% of senior loan officers have master's degrees. Even though most senior loan officers 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 senior loan officer. When we researched the most common majors for a senior loan officer, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on senior loan officer resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a senior loan officer. In fact, many senior loan officer jobs require experience in a role such as loan officer. Meanwhile, many senior loan officers also have previous career experience in roles such as branch manager or account executive.