Financial Risk Specialists vs Loan Officers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Financial Risk Specialists professionals earn $31,820 more per year than Loan Officers professionals — that's 42.9% higher. At the 90th percentile, Financial Risk Specialists earns $182,310 compared to $145,780 for Loan Officers.
Salary Range Comparison
Financial Risk Specialists$62,270 – $182,310
Loan Officers$38,490 – $145,780
$38,490$182,310
Detailed Salary Comparison
| Percentile | Financial Risk Specialists | Loan Officers | Difference |
|---|---|---|---|
| 10th Percentile | $62,270 | $38,490 | +$23,780 |
| 25th Percentile | $80,280 | $50,460 | +$29,820 |
| Median (50th) | $106,000 | $74,180 | +$31,820 |
| 75th Percentile | $145,020 | $101,920 | +$43,100 |
| 90th Percentile | $182,310 | $145,780 | +$36,530 |
| Mean (Average) | $119,930 | $86,020 | +$33,910 |
Employment Numbers
Financial Risk Specialists
56,320
employed nationwide
Loan Officers
290,530
employed nationwide
Top Paying Cities
Best Cities for Financial Risk Specialists
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $141,960 |
| San Francisco-Oakland-Berkeley, CA | $140,050 |
| San Jose-Sunnyvale-Santa Clara, CA | $137,420 |
| Charlotte-Concord-Gastonia, NC-SC | $130,750 |
| Seattle-Tacoma-Bellevue, WA | $128,440 |
Best Cities for Loan Officers
| City | Median |
|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | $102,540 |
| Boston-Cambridge-Nashua, MA-NH | $94,850 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $94,840 |
| San Francisco-Oakland-Berkeley, CA | $94,110 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $91,900 |
Frequently Asked Questions
Who earns more: Financial Risk Specialists or Loan Officers?
Financial Risk Specialists professionals earn more, with a median salary difference of $31,820 (42.9% higher) as of 2024 BLS data.
What is the salary range for Financial Risk Specialists?
Financial Risk Specialists salaries range from $62,270 (10th percentile) to $182,310 (90th percentile), with a median of $106,000.
What is the salary range for Loan Officers?
Loan Officers salaries range from $38,490 (10th percentile) to $145,780 (90th percentile), with a median of $74,180.
How many Financial Risk Specialists and Loan Officers jobs are there?
There are approximately 56,320 Financial Risk Specialists positions and 290,530 Loan Officers positions nationwide according to 2024 BLS data.
Is it worth switching from Loan Officers to Financial Risk Specialists?
Career decisions depend on many factors beyond salary. Financial Risk Specialists has a median salary of $106,000 while Loan Officers earns $74,180. Consider job satisfaction, growth prospects, required education, and work-life balance.
Career Resources
Career Change Resources
Explore tools and guides for transitioning between careers.
Professional Certifications
Find certifications that can boost your earning potential.
Online Degree Programs
Browse accredited online degrees relevant to these careers.
Resume Writing Services
Get professional help crafting a standout resume.
Explore More
Was this data helpful?
Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS