Loan Officers

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State of Alaska > Department of Labor > Research & Analysis Home > Alaska Occupations

Loan Officers (13-2072)

Occupation description: Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

For an explanation of the data, click on the question mark next to the heading.

Career Ladder/Lattice

The Alaska Career Ladder/Lattice is a tool to help job seekers identify upward career paths and lateral opportunities.
Click here to see the career ladder/lattice for Loan Officers.

Employment and Job Openings

	Average employment			Average annual openings
	2010 estimate	2020 projection	Percent change	Growth	Replacement	Total
Alaska	436	513	17.7	8	12	20
United States	289,400	330,400	14.2	4,100	7,420	11,520

Job outlook

Alaska: Alaska’s employment growth is strong with high employment opportunities. Read more.

2012 Wages

	Mean Wage and 95% Confidence Interval			Wage by Percentile
	Low	Mean	High	10th	Median	90th
United States	n/a	33.82	n/a	15.67	28.76	57.55
Alaska	29.67	33.11	36.55	19.00	30.08	46.92
Anchorage/Mat-Su Area (MSA)	30.27	33.63	36.99	19.25	29.90	49.46
Fairbanks North Star Borough (MSA)	26.75	30.47	34.19	19.86	31.16	42.71
Southeast Region	25.58	29.33	33.08	13.66	27.69	44.43

Labor Force Indicators

2011 Worker Characteristics
Total workers	Nonresident workers	Percent nonresident	Percent age 45 plus	Percent age 50 plus
464	20	4.3	41.0	28.0

2011 Potential Supply

Qualified but working in another occupation	60
Currently employed in a lower paid occupation	25
UI claimants previously working in occupation	38

2011 ALEXsys Employment Data

Number of registrants	336
Number of job position postings	504
Ratio of registrants to job position postings	0.7

Typical Entry-level Education, Experience, and/or On-the-job Training

Education: High school diploma or equivalent

Work experience: None

On-the-job training: Moderate-term on-the-job training

Training Resources

	Degree	FY2008–2010 reported exiters
University of Alaska Anchorage
Finance, BBA		0

Department of Labor and Workforce Development
Research & Analysis Section

1111 W. 8th St., Juneau, AK 99801
P.O. Box 115501, Juneau, AK 99811-5501

Phone: 907.465.4500 Fax: 907.465.4506