Career Detail | MyMnCareers | CAREERwise Education

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Make decisions about who gets approved for loans.

Loan Officers make recommendations about who gets approved for commercial, real estate, or credit loans. They give information to borrowers about how much they owe and how to make payments.

Wages	$38.66 per hour on average
Outlook	The outlook is Fair
Education & Training	High School or less is needed for entry.
Related Programs (Current training programs available)	Banking and Financial Support Services Finance, General
On the Job	Work Activities Gather financial records. Interview clients to gather financial information. Authorize financial actions. Verify accuracy of financial information. Correspond with customers to answer questions or resolve complaints. Update professional knowledge. Negotiate agreements to resolve disputes. Communicate with government agencies. Confer with personnel to coordinate business operations. Market products, services, or events.
Career Pathways	Banking Services
Similar Careers	Tax Preparers Insurance Sales Agents Real Estate Agents
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This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.