Compared with the local labor market
Loan Specialist pay vs. the United States
Across all employers in the United States, the median wage for Loan Officers — about 274,330 people — is $76,690. Small Business Administration pays a median base salary of $69,729 for this role, 9% below that figure — about the 43rd percentile of local pay for the occupation.
Where Small Business Administration sits in the local pay range
$39,430
$52,730
$76,690
$104,080
$153,180
Small Business Administration median · $69,729
The bar is the range of annual wages for Loan Officers across every employer in the United States, from the 10th to the 90th percentile, with the middle 50% highlighted. The marker shows Small Business Administration’s median base salary for this role. Both figures are base pay only.
Computed over the 2,167 of 2,173 people in this role paid at least $25,000in base salary. The rest are part-year or part-time records, whose actual pay isn’t comparable to a full-time annual wage.
Median total compensation for this role at Small Business Administration is $69,729, which includes overtime and employer-paid benefits. The benchmark above excludes both, so total compensation is deliberately not compared against it.
Benchmark: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (May 2025). BLS Occupational Employment and Wage Statistics (OEWS) covers all employers in the area — private, non-profit, and government alike — so this is a comparison against the whole local labor market for the occupation, not against private-sector pay. OEWS wages are straight-time pay and exclude overtime, shift differentials, and employer-paid benefits, so the government figure shown here is base pay on the same basis. Total compensation is not comparable to it. Job titles are matched to the closest standard occupation, so the comparison is between similar work rather than an identical job classification.
Compare jurisdictions
Loan Specialist beyond U.S. Federal Government (non-Defense)
This role is reported in 2 jurisdictions. In U.S. Federal Government (non-Defense), the median of $82,891 ranks #1 of 2. See Loan Specialist across all of U.S. Federal Government (non-Defense) →
Highest-paying jurisdictions for this role
Median total compensation for comparable Loan Specialistroles in other jurisdictions. Titles are matched by normalized name across sources, not identical job classification, and pay is not cost-of-living adjusted. Each bar links to that jurisdiction’s page for the role.