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What education do you need to become a Loan Officers?

1. You usually need a high school diploma, extensive banking experience, and a bachelor's degree or college diploma related to commerce or economics.

2. You may also have to complete six- to twelve-month loan or credit training programs.

3. With experience, you may move up the ranks to become a credit or loan manager.

4. Most recent entrants have an undergraduate university degree, and almost 3 in 10 have a community college diploma.

Career Related Questions

  1. What is a day in the life of a Loan Officers like?
    Loan officers perform some or all of the following duties: A. Interview applicants for personal, mortgage, student... more
  2. What is the current Job Outlook for a Loan Officers?
    The job outlook for Loan Officers is considered Above Average because: 1. Employment grew at an average rate.... more
  3. What is the future Job Outlook for a Loan Officers?
    Your job outlook will continue to be Above Average because: 1. The employment growth rate will likely be close to... more
  4. How much does a Loan Officers make?
    The average hourly wages for Loan Officers is $19.40/HR, which is close to the average for occupations in the... more
  5. What is the currently unemployment rate for a Loan Officers"?
    1% of Loan Officers are unemployed. This rate is below the average for technical, professional, and skilled... more
  6. How many Loan Officers are employed part-time?
    5% of Loan Officers are employed only on a part-time basis. There were 38,400 workers employed in these occupations... more
  7. How many Loan Officers are self-employed?
    Roughly 1% of Loan Officers are self-employed. This is considered Average for the industry as a whole. more
  8. What is the average age of a Loan Officers?
    The retirement rate to 2009 will likely be average influenced by a similar-to-average age of workers (42). more

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