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Loan Counselor

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AVG. SALARY

$51,020

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Money & Outlook

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Oklahoma Earnings

Average Annual Wage

$51,020

Entry Annual Wage

$35,690

Experienced Annual Wage

$71,010

Average Hourly Wage

$24.53

Entry Hourly Wage

$17.16

Experienced Hourly Wage

$34.14

Median Hourly Wage

$19.44

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Fort Smith AR-OK MSA $37,840 or $18.19/hr $32,920 or $15.83/hr $43,760 or $21.04/hr
Oklahoma City MSA $54,610 or $26.25/hr $38,060 or $18.30/hr $77,080 or $37.06/hr
Tulsa MSA $44,600 or $21.44/hr $34,470 or $16.57/hr $61,660 or $29.65/hr

Oklahoma Geographical Areas Wages

Region Average Entry Level Experienced
Southeast Oklahoma nonmetropolitan area $40,750 or $19.59/hr $35,690 or $17.16/hr $46,530 or $22.37/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 3%
Job Openings 13 estimated annual job openings
Employment 191 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Tulsa MSA 110 9% 1 N/A 9
Oklahoma City MSA 220 14% 3 N/A 20

National Earnings

The earnings information below is for the occupational group Credit Counselors. The occupation Loan Counselor is part of this group.

Average Annual Wage

$53,440

Average Hourly Wage

$25.69

Average Annual Range

$37,460 to $75,030

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +5%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 32,800 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Faster than average growth
   
Industries Large concentrations of this occupation are found in these industries
  • Educational services (NAICS610000) (48.5%)
  • Colleges, Universities, and Professional Schools (NAICS611300) (34.1%)
  • Professional, scientific, and technical services (NAICS540000) (15.4%)
  • Finance and insurance (NAICS520000) (13.2%)
  • Credit intermediation and related activities (NAICS522000) (11.9%)
  • Health care and social assistance (NAICS620000) (11.8%)
  • Other professional, scientific, and technical services (NAICS541900) (11.7%)
  • Junior Colleges (NAICS611200) (9.5%)
  • Hospitals (NAICS622000) (7.1%)
  • General Medical and Surgical Hospitals (NAICS622100) (6.8%)
  • Nondepository credit intermediation (NAICS522200) (6.2%)
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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.