Loan clerks process the paperwork associated with loan applications.
| Quick Facts: Loan Clerks | |
|---|---|
| Wages | Earn $49,408 per year |
| Employment | Large occupation |
| 10 Year Growth | Declining |
| Annual Openings | Moderate |
Preparation
A loan clerk typically needs to:
- have a high school diploma or equivalent
- complete short-term, on-the-job training
Working Conditions
In a typical work setting, loan clerks:
- Have a very high level of social contact. They are in constant contact with applicants and loan officers.
- Always work indoors.
- Must be exact in their work and be sure all details are done. Errors could keep qualified applicants from getting loans.
- May work part time or full time. Schedules are usually regular and during standard business hours.
Wages
In Illinois, loan clerks earn a median wage of $49,408 per year.
| $0 | $50 | $100 | $150 | $200 |
| Illinois |
$ amounts are in thousands of dollars.
Employment and Outlook
In Illinois, 7,964 loan clerks work in this large occupation.
| Location | Employment | 10 Year Growth | Annual Openings |
|---|---|---|---|
| Illinois | 7,964 Large | -3.7% Declining | 654 Moderate |