FinanceOfficial Payroll Survey · 99/1000–2 years
Entry Level Loan Officer Salary in Chicago
2026 · Recent graduates and professionals with under 2 years of experience.
$53,082/yr
Typical range: $47,473 – $62,792
P10–P25 · BLS OEWS employer payroll data
Loan Officer salary by experience level in Chicago
Loan Officer Salary Progression in Chicago
From entry-level through staff — based on BLS OEWS percentile data
| Experience Level | Years | Percentile | Annual Salary | Monthly | vs Entry |
|---|---|---|---|---|---|
| EntryThis page | 0 yrs | 0 yrs | $53,082 | $4,424 | — |
| Junior | 2 yrs | 2 yrs | $68,493 | $5,708 | +29% |
| Mid-Level | 4 yrs | 4 yrs | $79,908 | $6,659 | +51% |
| Senior | 6 yrs | 6 yrs | $96,232 | $8,019 | +81% |
| Staff | 10 yrs | 10 yrs | $138,698 | $11,558 | +161% |
| Principal | 14 yrs | 14 yrs | $188,698 | $15,725 | +255% |
| Distinguished | 18 yrs | 18 yrs | $201,198 | $16,767 | +279% |
Current Salary
$53,082
Entry Level · 0–2 years
Hourly: $26/hr
Next Level Target
$68,493
Junior · 2
+$15Kpotential uplift
Career Opportunity
16/100
High Risk
+6% demand · Moderate AI risk
Frequently Asked Questions
What is the entry level Loan Officer salary in Chicago, IL?
Entry Level Loan Officers in Chicago, IL earn approximately $53K per year (2026). This corresponds to the P10–P25 range of BLS OEWS employer payroll data.
How much does a entry level Loan Officer make per hour in Chicago, IL?
Based on $53K annually, the hourly rate is approximately $26/hr (2,080-hour work year).
How do I get from entry level to senior Loan Officer in Chicago, IL?
The typical progression takes 4–6 years with consistent skill development, project leadership, and strategic job moves. A senior Loan Officer in Chicago, IL earns $117K–$154K/yr.