Loan Officer Salary in Chicago, IL ()
Updated 57 days ago · 45 observed active listings
The loan officer job market in Chicago, IL is currently vibrant, with 45 open positions available. The average salary for this role stands at $95,539, reflecting a competitive range that spans from $20,000 to $140,000.
Salary Distribution
Key Insights
- The salary distribution shows a significant number of positions at different pay levels, with 762 positions offering $140,000, indicating high earning potential for experienced loan officers.
- A majority of positions are clustered around mid-range salaries, with 290 positions at $100,000 and 228 positions at $80,000, suggesting a healthy demand for skilled professionals.
- In terms of lower salaries, there are 317 positions paying $40,000, which may attract entry-level candidates looking to start their careers in finance.
- Sample employers such as Banc of California and Huntington National Bank highlight the diverse opportunities available in this market.
- Overall, the average salary of $95,539 indicates that, despite the wider range, many loan officers can expect to earn a competitive wage in Chicago.
Current Loan Officer Jobs in Chicago
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Devon Bank · West Ridge, Chicago$140,000 – $165,000
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M&T Bank · Chicago, Cook County$89,000 – $148,300
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West Monroe · Chicago, Cook County$146,458 – $146,458
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Canadian Imperial Bank of Commerce · Chicago, Cook County$120,000 – $145,000
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Huntington National Bank · Illinois Medical District, Chicago$139,089 – $139,089
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Fifth Third Bank, N.A. · O'Hare, Chicago$133,683 – $133,683
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M&T Bank · Illinois Medical District, Chicago$126,232 – $126,232
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Banc of California · West Loop, Chicago$84,000 – $125,000
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Fifth Third Bank, N.A. · O'Hare, Chicago$119,526 – $119,526
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Fifth Third Bank, N.A. · Illinois Medical District, Chicago$113,262 – $113,262
Frequently Asked Questions
What is the average Loan Officer salary in Chicago, IL?
The average Loan Officer salary in Chicago, IL is $95,539 per year, with a range from $20,000 to $140,000.
How many Loan Officer jobs are available in Chicago?
There are currently 45 open Loan Officer positions in Chicago, IL.
What factors affect Loan Officer salaries in Chicago?
Loan Officer salaries in Chicago vary based on experience level, company size, industry sector, certifications, and demand. Cost of living in Chicago also plays a significant role in compensation levels.
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Career Intelligence — Loan Officer in Chicago
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