A Loan Officer with bill collections skills earns an average wage of $15.48 per hour. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay. Most people move on to other jobs if they have more than 20 years' experience in this career.

$32,360 - $46,359
(Median)
$
$42K
$
MEDIAN: $41,704
50%

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$11.04 - $18.38
(Median)
$11
$15
$18
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17K$34K$51K
Salary
$41,705  
   
Bonus
$0.00 - $5,918  
Profit Sharing
$740  
Commission
$11,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,121 - $49,933  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$9$18$27
Hourly Rate
$11.04 - $18.38  
   
Overtime
$24.58  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Bonus
$0.00 - $5,918  
   
Commission
$11,000  
Profit Sharing
$740  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$25,121 - $49,933  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 10

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Experience Affects Loan Officer Salaries

Mid-Career
up arrow 19%

Experienced
up arrow 18%

National Average
$38,000

Entry-Level
up arrow 9%

Gender

Female
93 %
Male
7 %

Years of Experience

1-4 years
44%
5-9 years
28%
10-19 years
28%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 61%
medical benefits
Vision: 44%
dental benefits
None: 17%
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