Loan Officer Salary in Michigan
Explore loan officer salaries in Michigan including median pay, entry-level and senior compensation, and how it compares to the national average.
Median Salary in MI
$71,180
Monthly: $5,932
Biweekly: $2,738
Entry Level
$41,871
Monthly: $3,489
Biweekly: $1,610
Senior Level
$100,490
Monthly: $8,374
Biweekly: $3,865
Job Growth
16%
Projected 10-year growth
Salary Breakdown
| Pay Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $41,871 | $71,180 | $100,490 |
| Monthly | $3,489 | $5,932 | $8,374 |
| Biweekly | $1,610 | $2,738 | $3,865 |
| Weekly | $805 | $1,369 | $1,933 |
| Hourly | $20 | $34 | $48 |
MI vs National Comparison
National Median
$77,370
MI Median
$71,180
Difference
-$6,190
Multiplier
0.92x
About This Career
Evaluate loan applications and manage lending relationships with clients.
Education
Bachelor's degree in Finance or related field
Key Skills
Loan AnalysisRisk AssessmentCustomer ServiceDocumentation
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