Loan Officers

(NOC 6235)
 

What do Loan Officers do?

Financial sales representatives sell basic deposit, investment and loan products and services to individuals and businesses.

How to become: Loan Officers


  • Completion of secondary school and extensive general banking experience is usually required.
  • A bachelor's degree or college diploma related to commerce or economics may be required.
  • A mutual funds licence is usually required.
  • Registration with the securities regulatory authority in the province or territory of employment is usually required.
  • Completion of a loan or credit training program, ranging from six to twelve months, is usually required.
  • Various training programs and courses are offered by the Institute of Canadian Bankers and may be required by employers.
  • Financial services officers who sell regulated financial products and investments are required to be licensed by the appropriate governing body.

Where to study for a career as: Loan Officers

University of Waterloo
Waterloo, Ontario, CA

Related Program(s):
Sustainability and Financial Management Bachelor; Co-op; Honours
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University of Sussex
Brighton, England, GB

Related Program(s):
Finance and Technology (FinTech) BSc Bachelor; Honours
Finance and Technology (FinTech) (with a professional placement year) BSc Bachelor; Honours
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University of South Wales
Pontypridd, Wales, GB

Related Program(s):
Banking, Finance and Investment (Top Up) Bachelor; Honours
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University of Birmingham
Birmingham, England, GB

Related Program(s):
Money, Banking and Finance Bachelor; Honours
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Modified on January 26, 2022

How much do Loan Officers make?

Low:
$37,440
Average:
$53,331
High:
$85,342

Job openings for Loan Officers

Job Seekers:
16,900
Job Openings:
15,900