Maryland

Occupational Employment and Wage Estimates 2020

Maryland Statewide
All-industry
Establishments reporting205
Estimated employment5,040
Employment RSE8.46
Mean wage$44.15
Mean RSE5.07
Entry wage$20.06
Experienced wage$56.20
10th percentile wage$16.32
50th percentile wage$35.80
Loan Officers (13-2072)
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Median Wage History
  This Occupation   Compared to Occupational Group   Difference  
2020$35.80 $38.71  -$2.91
2019$34.99+2.3%$37.83 +2.3%-$2.84
2018$34.05+2.8%$36.82 +2.8%-$2.76
2017$33.24+2.4%$35.94 +2.4%-$2.70
2016$32.30+2.9%$34.92 +2.9%-$2.62
  This Occupation   Compared to All Occupations   Difference  
2020$35.80 $23.44  $12.36
2019$34.99+2.3%$22.77 +2.9%$12.21
2018$34.05+2.8%$22.11 +3.0%$11.94
2017$33.24+2.4%$21.48 +2.9%$11.76
2016$32.30+2.9%$20.98 +2.4%$11.32
Top Areas For This Occupation
Best Pay
  Median Wage Employ- ment
Maryland Statewide $35.80 5,040
Highest Employment
  Median Wage Employ- ment
Maryland Statewide $35.80 5,040
Wages in other areas

Maryland Department of Labor
Office of Workforce Information & Performance
Occupational Employment and Wage Statistics Program
Return to Maryland Occupational Wage Estimates
Last updated April 2021