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Careers›Roles›Loan Adviser
Mid-Level

Loan Adviser

You advise borrowers on loan options — meeting with prospects, evaluating their needs and credit, and being the practitioner who walks people through the borrowing decisions that fit their situation.

Loan Adviser pay typically runs $50K–$102K at this level, and jobs in this field are projected to grow 2% through 2034.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
E
S
I
R
A
Conventionalorganizing, detail-oriented
Enterprisingleading, persuading
Based on Holland Code framework
Industries that often hire Loan Advisers
Energy & UtilitiesFinancial Services · 84%Retail · 4%Government · 2%Professional Services · 2%Real Estate · 2%
Job markets for Loan Advisers
Where Loan Adviser jobs concentrate · ~386 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers

While you’re learning about the Loan Adviser role, anything we can help you with this week?

What it's like

What it's like to be a Loan Adviser

Most days tend to involve a blend of customer meetings, application work, and credit decision support — meeting or speaking with prospects, gathering financials, walking through loan options, and partnering with credit and processing on the file. You'll often spend part of the time on portfolio management — calling on existing customers — and part on the operational fabric of lending.

The harder part is often balancing volume goals against credit and customer fit combined with the customer-facing emotional content of borrowing decisions. You'll typically coordinate with credit, processing, and operations through application life cycles, often handling difficult conversations when applications don't fit clean approval.

People who tend to thrive here are commercially instinctive, customer-focused, and comfortable with structured credit work. The trade-off is the cyclical pressure of lending production and the cumulative weight of carrying customer interactions. If you find satisfaction in helping customers borrow responsibly, the role can be a steady banking career.

What people in this role value
RelationshipsHigh
IndependenceAbove avg
SupportAbove avg
AchievementModerate
RecognitionModerate
Working ConditionsModerate
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns

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Career Paths

Where this role sits in the broader career landscape — and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Loan Advisers (SOC 13-2072.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations →
Loan AdviserLoan OriginatorMortgage Loan CloserLoan InterviewerLoan AnalystLoan ProcessorMortgage Loan ProcessorLoan Operations SpecialistConsumer Loan ProcessorMortgage Loan AssistantLoan CloserMortgage Loan Processing ClerkLoan RepresentativeLoan ClerkMortgage Loan InterviewerLicensed Loan Officer AssistantLoan Documentation SpecialistLoan ExpeditorLoan AssistantLoan Close and FunderLoan InspectorLoan SecretaryCommercial Loan ProcessorLoan ExaminerFinancial Aid Advisor+1 more

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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$38K–$146K
Salary Range
10th – 90th percentile
291K
U.S. Employment
+1.7%
10yr Growth
20K
Annual Openings

How Loan Adviser pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

Active ListeningSpeakingJudgment and Decision MakingReading ComprehensionCritical ThinkingWritingComplex Problem SolvingMathematicsSocial PerceptivenessActive Learning
O*NET OnLine · Bureau of Labor Statistics
Mapped SOC Codes
13-2072.00

Explore related roles

Roles with similar work and overlapping career paths

midLoan Originator$62KmidMortgage Loan Closer$62KmidLoan Interviewer$62KmidLoan Analyst$62KmidLoan Processor$49KmidMortgage Loan Processor$49K
View all Business Operations roles →

Common questions about what it's like to be a Loan Adviser

What does a Loan Adviser do?

You advise borrowers on loan options — meeting with prospects, evaluating their needs and credit, and being the practitioner who walks people through the borrowing decisions that fit their situation.

How much does a Loan Adviser make?

Median pay for a Loan Adviser is about $74K nationally, with the field ranging roughly from $38K to $146K depending on experience, employer, and metro (BLS).

What skills does a Loan Adviser need?

Core skills for this role include Active Listening, Speaking, Judgment and Decision Making, Reading Comprehension, and Critical Thinking.

What education do you need to be a Loan Adviser?

Most people in this role hold a bachelor's degree.

Is a Loan Adviser in demand?

Employment in this field is projected to grow about 1.7% through 2034, with roughly 290,530 people working in it today (BLS).

What jobs are similar to a Loan Adviser?

Closely related roles include Loan Originator, Mortgage Loan Closer, and Loan Interviewer.

Career advice

Loan Adviser career advice

Do one small thing to grow in your career this week. Pick one of these; each comes with the words to use.

  • Simple exerciseGet to know a remote teammate the way a shared office would have let you.Catch up with a remote teammate, no agenda
  • Simple exerciseTell your team how you work, and learn how they do.Share how you work with your team
  • Simple exerciseLook at the steps up and sideways from your job, and find one you'd be excited to do.Walk the roles next to yours
  • Simple exerciseLearn how each person on your team likes to be managed, and tell them how you work too.Learn how each person likes to work

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More career advice

  • Compare the whole offer
  • Understand your equity before you count on it
  • Reset team priorities out loud
  • Keep a done list
  • Ask how your review would go today
  • Sort feedback that stung
  • Name a pattern directly
  • Counter an offer without drama

We believe careers grow through small steps taken often, more than big leaps. So we’ve collected hundreds of them for you to try.

Browse career advice

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.

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