Salary Data

Branch Loan Officer Salary

How much does a Branch Loan Officer make in Minnesota, United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Branch Loan Officer

$57,959 (USD)/yr

$28 (USD)/hr

$1,820 (USD)/yr

$57,260 (USD)/yr

$28 (USD)/hr

$1,820 (USD)/yr

Job Description
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
The average branch loan officer salary in Minnesota, United States is $57,959 or an equivalent hourly rate of $28. This is 1% higher (+$572) than the average branch loan officer salary in the United States. In addition, they earn an average bonus of $1,820. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Minnesota, United States.
Compensation Data Based on Experience

$42,158 (USD)

$71,110 (USD)

Education
Education data not available for this job

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Salary Potential

$67,191 (USD)

16 %

Based on our compensation data, the estimated salary potential for Branch Loan Officer will increase 16 % over 5 years.

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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.
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