This occupation has a near certain probability of automation.

98.0% probability

of automation

11.5% growth

projected to 2026

318,600 employed

currently in the US

$76,260 annual wage

US, median ($36.67 hourly)

What they do

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Risk of automation

This occupation is 98.0% likely to be automated. It ranks 686 of 702 occupations analyzed (higher rank means higher likelihood).

People affected and economic value

In the US, 318,600 people have this job. They earn $76,260 per year on average (the mean annual wage). The occupation therefore represents $24,296,436,000 in annual economic value. The mean hourly wage for this occupation is $36.67.

Official growth forecast

This occupation is projected to grow 11.5% between 2016 and 2026. At this rate, there would be 355,100 people with this job at that time.

References and notes

This article uses data from "The Future of Employment" (PDF), a 2013 study from University of Oxford researchers, and US Bureau of Labor Statistics files including Standard Occupational Classification 2010 Definitions (XLS), May 2016 Occupational Employment Statistics (zip) and 2016-2026 Employment Projections (XLS).