Financial Managers vs Loan Officers: Salary Comparison (2024)
Side-by-side salary comparison using 2024 Bureau of Labor Statistics data.
Which Career Pays More?
Financial Managers professionals earn $87,520 more per year than Loan Officers professionals — that's 118.0% higher.
Salary Range Comparison
Financial Managers$86,490 – N/A
Loan Officers$38,490 – $145,780
$38,490$145,780
Detailed Salary Comparison
| Percentile | Financial Managers | Loan Officers | Difference |
|---|---|---|---|
| 10th Percentile | $86,490 | $38,490 | +$48,000 |
| 25th Percentile | $118,360 | $50,460 | +$67,900 |
| Median (50th) | $161,700 | $74,180 | +$87,520 |
| 75th Percentile | $214,210 | $101,920 | +$112,290 |
| 90th Percentile | N/A | $145,780 | N/A |
| Mean (Average) | $180,470 | $86,020 | +$94,450 |
Employment Numbers
Financial Managers
818,620
employed nationwide
Loan Officers
290,530
employed nationwide
Top Paying Cities
Best Cities for Financial Managers
| City | Median |
|---|---|
| San Jose-Sunnyvale-Santa Clara, CA | $218,920 |
| New York-Newark-Jersey City, NY-NJ-PA | $216,520 |
| San Francisco-Oakland-Berkeley, CA | $211,730 |
| Boston-Cambridge-Nashua, MA-NH | $188,490 |
| Seattle-Tacoma-Bellevue, WA | $180,770 |
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 Managers or Loan Officers?
Financial Managers professionals earn more, with a median salary difference of $87,520 (118.0% higher) as of 2024 BLS data.
What is the salary range for Financial Managers?
Financial Managers salaries range from $86,490 (10th percentile) to N/A (90th percentile), with a median of $161,700.
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 Managers and Loan Officers jobs are there?
There are approximately 818,620 Financial Managers positions and 290,530 Loan Officers positions nationwide according to 2024 BLS data.
Is it worth switching from Loan Officers to Financial Managers?
Career decisions depend on many factors beyond salary. Financial Managers has a median salary of $161,700 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