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Credit counselors & loan officers

Detailed Occupation

2024 Workforce

362k

Average Age

43.8

Average Salary

$106,720

Average Male Salary

$132,521

Average Female Salary

$85,054

About

Credit counselors & loan officers are most often employed by the Nondepository credit & related activities industry. The average yearly wage for Credit counselors & loan officers was $106,720 in 2024.

The locations that employ the most Credit counselors & loan officers are Oakland County (Southeast) PUMA, MI, Denton County (North & West)--Denton City (Outer) PUMA, TX, and Northeast Colorado Springs PUMA, CO. The locations with a relatively high concentration of Credit counselors & loan officers are Phoenix (Far North) & Peoria (Northwest) Cities PUMA, AZ, Northeast Colorado Springs PUMA, CO, and Johnson, Lafayette, Ray, Clinton & Caldwell Counties PUMA, MO.

Photo by reynermedia

Employment

Employment and salary information for the Credit counselors & loan officers workforce. Credit counselors & loan officers workforce in 2024 was 362,282 people, of which 54.4% were women and 45.6% were men.

Credit counselors & loan officers are paid most in Westchester County (Northeast) PUMA, NY but are relatively concentrated in Phoenix (Far North) & Peoria (Northwest) Cities PUMA, AZ.

Employment Over Time

Metric

Grouping

165,358

Male Workforce

± 9.98k

196,924

Female Workforce

± 10.9k

The Credit counselors & loan officers workforce in 2024 was 362,282 people (54.4% women and 45.6% men). This implies an average annual growth of 17.3% between 2014 (308,735) and 2024 (362,282).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Credit counselors & loan officers.

During 2024, the states that concentrated the best average annual wage were Nevada ($150,089), Washington ($140,571), and Connecticut ($136,926).

Yearly Wage Ranking

$106,720

AVERAGE WAGE

#93 in the ranking (2014)

$69,878

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2024, Credit counselors & loan officers earned an average of $106,720, $36,842 more than the average national salary of $69,878

The graph shows the ranking of Credit counselors & loan officers in relation to all Detailed Occupation in 2014.

Wage Distribution

Gender

0.421

WAGE GINI

In 2024, Credit counselors & loan officers had a wage GINI coefficient of 0.421, which is lower than the national average of 0.474. In other words, wages are distributed more evenly for Credit counselors & loan officers (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Credit counselors & loan officers compared to the entire workforce in the country.

Industry

Information on the industries that employ Credit counselors & loan officers and on wages for those in the field. Nondepository credit & related activities is the industry that employs the most Credit counselors & loan officers, both by share and by number, though the highest paid industry for Credit counselors & loan officers, by average wage, is Computer Systems Design ($170,047).

Occupations by Industries

Metric

Value

362k

2024 Workforce

± 14,760

−0.922%

1 YEAR GROWTH

± 5.8%

This graphic shows the share of Credit counselors & loan officers employed by various industries. Nondepository credit & related activities employs the largest share of Credit counselors & loan officers at 46.3%, followed by Banking & related activities with 36.8% and Savings institutions, including credit unions with 12.6%.

Diversity

Demographic information on Credit counselors & loan officers in the US. The workforce of Credit counselors & loan officers in 2024 was 362,282 people, with 54.4% woman, and 45.6% men. The average age of male Credit counselors & loan officers in the workforce is 43.5 and of female Credit counselors & loan officers is 44.1, and the most common race/ethnicity for Credit counselors & loan officers is White.

Gender and Age

Metric

The workforce of Credit counselors & loan officers in 2024 was 362,282 people, with 54.4% woman, and 45.6% men.

The age ranges that concentrated the largest workforce were 40 to 44 years (51,009 people), 30 to 34 years (45,047 people), and 35 to 39 years (44,172 people). Among them they concentrated 38.8% of the total workforce.

Ethnicity

Gender

In 2024, 13.3% of Credit counselors & loan officers workers were Hispanic and 86.7% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (54.9%), Puerto Rican (12.1)%, and All Other Spanish/Hispanic/Latino (5.99)%

You can review this information by gender using the selectors above.

Races

In 2024, 71.7% of the Credit counselors & loan officers workforce were White, of which 52.7% were women and 47.3% men. Other races that concentrated a significant number of workers were Two or More Races (9.78%) and Black (9.46%).

Education & Skills

Data on higher education choices for Credit counselors & loan officers from The Department of Education and Census Bureau. The most common major for Credit counselors & loan officers is Business but the most specialized major according to RCA in 2024 were Agriculture.

Among the necessary skills for Credit counselors & loan officers, Speaking stands, but the revealed comparative advantage (RCA) shows that Credit counselors & loan officers need more than the average amount of Mathematics.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

Type of Majors

Degree

The most common majors achieved by Credit counselors & loan officers in 2024 (counting all academic degrees) were Business (94,921 people), Social Sciences (17,962 people), and Communications (8,304 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Credit counselors & loan officers workers were Bachelors Degree (152,900 people), Some college (82,657 people), and High School or Equivalent (46,695 people).

The graphic shows the Credit counselors & loan officers workforce by gender and educational level.

Skills

Chart

Value

Data on the critical and distinctive skills necessary for Credit counselors & loan officers from the Bureau of Labor Statistics. Credit counselors & loan officers need many skills, but most especially Speaking, Active Listening, Reading Comprehension.

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