Salary distribution
Where Philadelphia loan officers fall on the wage curve.
Shaded band = interquartile range (where most full-time workers fall)
The middle 50% of workers earn between $52,690 and $102,520, with a median of $76,910.
Typical entry
Education
Bachelor's degree
Experience
None
On-the-job training
Moderate-term on-the-job training
Top skills (O*NET)
- 4.7 / 5
Customer and Personal Service
Knowledge
- 4.0 / 5
Written Comprehension
Ability
- 4.0 / 5
Speaking
Basic skill
- 4.0 / 5
Active Listening
Basic skill
- 4.0 / 5
Oral Expression
Ability
- 4.0 / 5
Oral Comprehension
Ability
- 3.9 / 5
Reading Comprehension
Basic skill
- 3.9 / 5
Judgment and Decision Making
Technical
Common tasks (O*NET)
- 01
Meet with applicants to obtain information for loan applications and to answer questions about the process.
- 02
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- 03
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- 04
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- 05
Submit applications to credit analysts for verification and recommendation.
- 06
Review loan agreements to ensure that they are complete and accurate according to policy.
- 07
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- 08
Review and update credit and loan files.
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Explore coursesOther metros in Pennsylvania
How the Philadelphia metro compares to other major Pennsylvania metro areas for loan officers.
- Pittsburgh$65,040
Frequently asked questions
- What is the median salary for Loan Officers in Philadelphia, Pennsylvania?
- According to BLS Occupational Employment and Wage Statistics, the median annual wage for Loan Officers in the Philadelphia metropolitan area is $76,910.
- Does Philadelphia pay more than the Pennsylvania state average for Loan Officers?
- The Philadelphia metro median is +25.1% versus the Pennsylvania state median of $61,470.
- How does Philadelphia compare to the national median for Loan Officers?
- The Philadelphia metro median is +5.3% versus the BLS national figure of $73,019.
- What is the salary range for Loan Officers in Philadelphia?
- BLS reports the 10th-percentile annual wage at $39,250 and the 90th-percentile at $133,570 for the Philadelphia metro area.
- What education is required for Loan Officers?
- BLS lists the typical entry-level education as Bachelor's degree. Many employers also weigh prior experience and credentials.
Information on this page is for general educational purposes only. It is not career, financial, or tax advice. BLS metro estimates reflect the Philadelphia CBSA boundary for the reference year shown and may not match individual offers, employer-specific ranges, or current market conditions. Confirm with a licensed professional before making career or compensation decisions.