loan officers for dummies | what you need to know in 15 slides
TRANSCRIPT
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LOAN OFFICERS
CAREER 101
FOR DUMMIES
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WHAT THEY DOLoan Officers evaluate, authorize, or recommend
approval of commercial, real estate, or credit loans.
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WHAT ELSE THEY DOThey advise borrowers on financial status and
payment methods. They also analyze applicants'
financial status, credit and property evaluations to
determine feasibility of granting loans.
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SALARYAverage salary: $75,170 per year
Hourly wage: $36.14 per hour
Source: bls.gov
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"Choose a job you love andyou'll never have to work
a day in your life."- Confucius
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PROS #1Perfect if you are someone who is
organized and likes to follow procedures
and routines
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PROS #2Suitable for people who values
relationships between coworkers andcustomers and wants to work in a
friendly non-competitive environment
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CONS #1There are more suitable careers out
there if you are an artistic and creativeperson who likes to work with designs
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CONS #2Long working hours. You typically work
more than 40 hours per week
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I LOVE MY JOB!74% of them said they were satisfied with their
job and 53% said they feel like their job is
making other people’s lives better.
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SHOULD I BE ONEPeople who are suitable for this job tends to like
following set procedures and routines. They like
working with data and details more than with
ideas.
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HOW TO BE ONE32% of Loan Officers said they
had a Bachelors Degree
20% of them hold a High School Diploma
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WANT MORE ?You can find the full career info including:
How long does it take to be one
"Should I Be One" career quiz
What their typical day looks like
Click here: Everything you need to know about this career
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Click here: Find a career or college that is right for you
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WHO ARE WEOwlGuru.com is the largest career and college
finder website. We help you to find a career and
college that is right for you.
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