Salary by Education Level
What the Data Shows
For Loan Officers positions, filings requiring a Master's degree carried an average declared salary of $109,489 versus $81,582 for those requiring a Bachelor's - a premium of +34.2%. Across all certified filings with a stated education level, 58.9% accepted a Bachelor's degree as the minimum requirement.
Education vs Salary
| Education Level | Average Salary | Filings | % of Total |
|---|---|---|---|
| Master's | $109,489 | 24 | 32.9% |
| Other | $100,589 | 1 | 1.4% |
| Bachelor's | $81,582 | 43 | 58.9% |
| High School | $78,291 | 1 | 1.4% |
| None | $72,873 | 2 | 2.7% |
| Associate's | $72,027 | 2 | 2.7% |
Education by Top Employer
| Employer | Most Common Minimum | % Bachelor's | % Master's | Median Salary |
|---|---|---|---|---|
| International Bank of Chicago | N/A | N/A | N/A | $42,390 |
| SHINHAN BANK AMERICA | Bachelor's | 100% | 0% | $49,254 |
| Hanin Federal Credit Union | Bachelor's | 100% | 0% | $46,332 |
| Leader Bank NA | N/A | N/A | N/A | $67,600 |
| KEB Hana LA Financial Corp. | N/A | N/A | N/A | $44,294 |
| East West Bank | Master's | 25% | 75% | $82,000 |
| METRO CITY BANK | Bachelor's | 100% | 0% | $52,580 |
| HSBC Bank USA N.A | Bachelor's | 100% | 0% | $86,000 |
| Shanghai Commercial Bank Limited | Bachelor's | 100% | 0% | $73,450 |
| Bank of the Orient | Bachelor's | 100% | 0% | $61,901 |
| MIDWEST, INC. | N/A | N/A | N/A | $50,721 |
| GREAT NORTHERN MORTGAGE CORPORATION | N/A | N/A | N/A | $88,000 |
| International Finance Bank | Bachelor's | 100% | 0% | $60,500 |
| China CITIC Bank International Ltd. | N/A | N/A | N/A | $54,600 |
| PAC FEDERAL CREDIT UNION | N/A | N/A | N/A | $27,394 |
| Times Square Consulting | Bachelor's | 100% | 0% | $49,254 |
| Summit Mortgage Bankers Inc. | Bachelor's | 50% | 0% | $87,131 |
| STERLING STATE BANK | Bachelor's | 100% | 0% | $47,000 |
| 1ST SOURCE BANK | N/A | N/A | N/A | $62,000 |
| THE DEBT EXCHANGE, INC. | N/A | N/A | N/A | $47,500 |