How Much Does a Bank Loan Officer Make in Massachusetts?

Updated May 28, 2024
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Individually reported data submitted by users of our website

Normal Confidence
$52,745/yr
Average Base Pay
Low $42,471
Average $52,745
High $60,456
The average salary for Bank Loan Officer is $52,745 per year in Massachusetts.

Related Job Titles to Bank Loan Officer

Bank Of America Loan Officer
$100,237
Massachusetts
Per Year
Loan Officer I
$60,220
Massachusetts
Per Year
Loan Officer III
$109,100
Massachusetts
Per Year
Loan Officer II
$83,860
Massachusetts
Per Year

Similar Job Salaries to Bank Loan Officer by Company

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Company average base salary in (usd) range
State Street
Bank Loan Servicing, Officer
$77,580/yr
$66,963
$88,196
RANGE: $66,963 - $88,196
statestreet
Bank Loan Servicing, Officer
$77,580/yr
$66,963
$88,196
RANGE: $66,963 - $88,196
myGwork - LGBTQ+ Business Community
Bank Loan Servicing, Officer
$80,600/yr
$68,346
$92,853
RANGE: $68,346 - $92,853
$91,107/yr
$76,079
$106,136
RANGE: $76,079 - $106,136
Make Your Move
Loan Officer
$89,498/yr
$74,501
$104,494
RANGE: $74,501 - $104,494
State Street
Loan officer
$108,644/yr
$90,668
$126,620
RANGE: $90,668 - $126,620
$97,036/yr
$80,355
$113,717
RANGE: $80,355 - $113,717
$61,715/yr
$52,854
$70,577
RANGE: $52,854 - $70,577
Baycoast Bank
LOAN OFFICER
$74,602/yr
$61,369
$87,835
RANGE: $61,369 - $87,835

Open Bank Loan Officer Jobs in Massachusetts

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Top 10 Highest Paying Cities For Bank Loan Officer Jobs in Massachusetts

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Bank Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Bank Loan Officer job salaries in Massachusetts. Some cities can pay higher salaries for Bank Loan Officer jobs, which can indicate that there is a large demand for Bank Loan Officer positions in this city.
The following table shows top 10 cities where the Bank Loan Officer salary is higher than other cities in Massachusetts. Boston takes first place in this list, followed by Cambridge, Waltham. The Bank Loan Officer salary is $54,345 in Boston, which is higher than the national average. There are 36 cities' Bank Loan Officer salary higher than national average in Massachusetts.
The average salary for a Bank Loan Officer in Massachusetts is $52,745, but we found that the city with the highest salary for Bank Loan Officer jobs is Boston, MA, and it is higher than Cambridge. Bank Loan Officer jobs in Boston can have the opportunity to earn higher salaries than in other cities in Massachusetts.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Boston $54,345 $4,529 $1,045 $26
Cambridge $54,345 $4,529 $1,045 $26
Waltham $54,345 $4,529 $1,045 $26
Newton $54,345 $4,529 $1,045 $26
Arlington $54,345 $4,529 $1,045 $26
Brookline $54,345 $4,529 $1,045 $26
Lynn $54,345 $4,529 $1,045 $26
Malden $54,345 $4,529 $1,045 $26
Medford $54,345 $4,529 $1,045 $26
Quincy $54,345 $4,529 $1,045 $26

What Does a Bank Loan Officer Do?

Except for consumer loan officers, who spend most of their time in offices, these workers may travel to visit clients.
Updated December 22, 2021
If you can meet with or speak to a loan officer, you can make your case for loan approval to a human being rather than a machine.
Updated December 22, 2021
If the underwriter approves your loan, your loan officer will then collect and prepare the appropriate loan closing documents.
Updated December 20, 2021
This is why banks may have several branches — they want to serve the potential borrowers in various areas who want to meet face-to-face with a loan officer.
Updated December 20, 2021
Most loan officers are employed by commercial banks, credit unions, mortgage companies, and other financial institutions.
Updated December 19, 2021

Frequently Asked Questions About a Bank Loan Officer Salaries

What is the average of a Bank Loan Officer in Massachusetts?

The Bank Loan Officer salary range is from $42,471 to $60,456, and the average Bank Loan Officer salary is $52,745/year in Massachusetts. The Bank Loan Officer's salary will change in different locations.

Which location pays the highest Bank Loan Officer salary in the United States?

The Bank Loan Officer salary in San Jose, CA is $60,841 which is the highest in the US.

What kinds of reasons will influence the Bank Loan Officer's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Bank Loan Officer.

What is the growth rate of the Bank Loan Officer's salary?

If you are thinking of becoming a Bank Loan Officer or planning the next step in your career, find the detailed salary report of a Bank Loan Officer.