Bank Loan Officer Salaries in Worcester, MA
How Much Does a Bank Loan Officer Make in Worcester, MA?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Bank Loan Officer in Worcester, MA is $52,095.
While Salary.com is seeing that Bank Loan Officer salary in Worcester, MA can go up to $66,641
or down to $32,705, but most earn between $41,945 and $59,709.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Bank Loan Officer
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Similar Job Salaries to Bank Loan Officer by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Baycoast Bank
LOAN OFFICER
|
$80,604/yr
|
RANGE: $68,120 - $93,087
|
|
Availa Bank
Bank Loan Officer
|
$94,595/yr
|
RANGE: $75,404 - $113,787
|
|
State Street
Bank Loans, Officer custody
|
$66,856/yr
|
RANGE: $55,654 - $78,059
|
|
Allied Universal
Security Officer Bank
|
$53,714/yr
|
RANGE: $45,427 - $62,002
|
|
Liberty Bank
Loan Officer Assistant
|
$103,318/yr
|
RANGE: $82,725 - $123,912
|
|
Liberty Bank - CT
Loan Officer Assistant
|
$97,076/yr
|
RANGE: $81,585 - $112,567
|
|
Northern Bank
Commercial Loan Officer
|
$124,461/yr
|
RANGE: $103,595 - $145,328
|
|
JEANNE DARC CREDIT UNION
Senior Loan Officer
|
$98,827/yr
|
RANGE: $82,630 - $115,024
|
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
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Explore JobArchitectFrequently Asked Questions About a Bank Loan Officer Salaries
What is the average of a Bank Loan Officer in Worcester, MA?
The Bank Loan Officer salary range is from $41,945 to $59,709, and the average Bank Loan Officer salary is $52,095/year in Worcester, MA.
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 $61,970
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.
