Industrial Engineers vs Loan Officers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Industrial Engineers professionals earn $26,960 more per year than Loan Officers professionals — that's 36.3% higher. At the 90th percentile, Industrial Engineers earns $157,140 compared to $145,780 for Loan Officers.
Salary Range Comparison
Industrial Engineers$70,000 – $157,140
Loan Officers$38,490 – $145,780
$38,490$157,140
Detailed Salary Comparison
| Percentile | Industrial Engineers | Loan Officers | Difference |
|---|---|---|---|
| 10th Percentile | $70,000 | $38,490 | +$31,510 |
| 25th Percentile | $81,910 | $50,460 | +$31,450 |
| Median (50th) | $101,140 | $74,180 | +$26,960 |
| 75th Percentile | $127,480 | $101,920 | +$25,560 |
| 90th Percentile | $157,140 | $145,780 | +$11,360 |
| Mean (Average) | $107,900 | $86,020 | +$21,880 |
Employment Numbers
Industrial Engineers
350,230
employed nationwide
Loan Officers
290,530
employed nationwide
Top Paying Cities
Best Cities for Industrial Engineers
| City | Median |
|---|---|
| New Orleans-Metairie, LA | $139,130 |
| San Jose-Sunnyvale-Santa Clara, CA | $136,290 |
| San Francisco-Oakland-Berkeley, CA | $133,790 |
| Portland-Vancouver-Hillsboro, OR-WA | $126,530 |
| Seattle-Tacoma-Bellevue, WA | $126,310 |
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: Industrial Engineers or Loan Officers?
Industrial Engineers professionals earn more, with a median salary difference of $26,960 (36.3% higher) as of 2024 BLS data.
What is the salary range for Industrial Engineers?
Industrial Engineers salaries range from $70,000 (10th percentile) to $157,140 (90th percentile), with a median of $101,140.
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 Industrial Engineers and Loan Officers jobs are there?
There are approximately 350,230 Industrial Engineers positions and 290,530 Loan Officers positions nationwide according to 2024 BLS data.
Is it worth switching from Loan Officers to Industrial Engineers?
Career decisions depend on many factors beyond salary. Industrial Engineers has a median salary of $101,140 while Loan Officers earns $74,180. Consider job satisfaction, growth prospects, required education, and work-life balance.
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Data verified March 2026 · Source: U.S. Bureau of Labor Statistics OEWS