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Loan Officers
Significant Points
- Nearly 9 out of 10 loan officers work for commercial banks, savings institutions, credit unions, and related financial institutions.
- Educational requirements range from a high school diploma for many loan officers to a bachelor�s degree for commercial loan officers; previous banking, lending, or sales experience is highly valued.
- Good job opportunities are expected for mortgage and consumer loan officers and excellent opportunities are expected for commercial loan officers.
- Earnings often fluctuate with the number of loans generated, rising substantially when the economy is strong and interest rates are low.
Source: U.S. Bureau of Labor Statistics
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