Commercial Loan Officer Training Programs and Education Requirements

Students who are interested in becoming commercial loan officers might consider enrolling in a bachelor's degree program in finance. Learn about common courses in these programs, as well as certification, continuing education and employment data.

View 6 Popular Schools »

Essential Information

This 4-year degree program teaches the fundamentals of accounting, business and finance and prepares graduates for careers in the financial industry. Commercial loan officers remain competitive by taking continuing education courses or obtaining certification through national banking organizations.

Students in this degree program learn to manage and invest money for businesses, corporations, governmental agencies and individuals. Students are prepared for entry into the commercial loan industry by studying real estate, sales and banking administration. A B.S. in Finance degree program also can help students navigate the varying state requirements for commercial loan officers. Some programs offer students the chance to work in mock corporations, where they invest money, trade goods and evaluate risk. There are no education prerequisites to this degree program, apart from a high school diploma or GED and satisfactory SAT scores.

Program Coursework

A Bachelor of Science in Finance degree program includes studies in liberal arts in addition to business, accounting and sales courses. These courses teach students how to analyze financial reports and markets, as well as how to market themselves, their companies and their products. Students also learn about ethics, management and legal issues in the finance industry. Some common courses in this degree program might include:

  • Macroeconomics
  • Statistics
  • Marketing
  • Finance management
  • Banking

Employment Outlook and Salary Info

Loan officers often act as salespeople, locating potential clients, determining their financial needs and guiding them through the loan process. They analyze financial records and credit histories, prepare loan documents and submit loan packages to potential lenders.

According to the U.S. Bureau of Labor Statistics (BLS), loan officers held over 289,000 jobs in the United States in 2010, and this number was projected to grow by 14% between 2010 and 2020 (www.bls.gov). The median annual salary for a loan officer in May 2012 was $59,820.

Continuing Education Information

The Bank Administration Institute (www.bai.org) offers a series of continuing education courses that lead to a loan review certificate. The program consists of courses with topics that include loan administration, risk assessment and regulatory guidelines. Students must have two years of professional experience and pass a 150-question examination to qualify for the certificate.

Loan officers can also obtain certification through the Mortgage Bankers Association (www.mbaa.org), which offers Certified Mortgage Banker certification in residential and commercial real estate finance. Loan officers with at least three years of professional experience qualify for the master certification.

Students can also continue their education through master's and doctoral degrees in business administration and finance. These degrees may enhance a loan officer's employment opportunities and earning potential.

Show me popular schools

Related to Commercial Loan Officer Training Programs and Education Requirements

  • Related
  • Recently Updated
  • Popular
How to Become a Loan Officer: Education and Career Roadmap

Find out how to become a loan officer. Research the education and training requirements and learn about the experience you need...

Mortgage Loan Officer Training and Education Program Information

Find out what the curriculum of a mortgage loan officer training program may be. See course examples, licensure information,...

Overview of Mortgage Broker, Loan Processor & Loan Officer Professions

Loan processors require little formal education, while mortgage brokers and loan officers typically need a formal degree. Learn...

Loan Officer Continuing Education Courses and Options

Most continuing education courses for loan officers focus on mortgage loan officers because of requirements set under the...

How to Become a Community Police Officer: Education and Career Roadmap

Popular Schools

  • School locations:
    • Online Learning
    • Alabama (3 campuses)
    • Arkansas (1)
    • Arizona (3)
    • California (14)
    • Colorado (2)
    • Florida (6)
    • Georgia (3)
    • Iowa (1)
    • Idaho (1)
    • Illinois (2)
    • Indiana (4)
    • Kansas (1)
    • Kentucky (2)
    • Louisiana (2)
    • Maryland (1)
    • Michigan (6)
    • Minnesota (2)
    • Missouri (4)
    • Mississippi (1)
    • North Carolina (2)
    • Nebraska (1)
    • Nevada (2)
    • Ohio (9)
    • Oklahoma (2)
    • Oregon (2)
    • Tennessee (5)
    • Texas (8)
    • Utah (1)
    • Virginia (5)
    • Washington (3)
    • Wisconsin (2)
    • West Virginia (1)

    Online and Classroom-Based Programs

    • Bachelor
        • Bachelor in Finance
        • Bachelor in Accounting
        • Bachelor in Business Accounting Technology
        • Bachelor in Internal Controls
        • Bachelor in Business Administration
    • Associate
        • Associate - Accounting (residence Associate''s Program)
        • Associate in Accounting
        • Associate in Business Management

    What year did you graduate from high school?

  • Minimum eligibility requirements:
    • Must complete an application online and submit transcripts for their highest degree earned.
    School locations:
    • Online Learning

    Online Programs

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Masters degree applicants must have a Bachelors degree
    • Doctorate degree applicants must have a Masters degree
    School locations:
    • Online Learning

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must be 18 years of age or older
    School locations:
    • Online Learning

    What is your highest level of education?

  • Minimum eligibility requirements:
    • Must live within close proximity to school locations
    • Must be graduated from high school by 2011
    School locations:
    • Minnesota (1 campus)

    Classroom-Based Programs

    • Bachelor
        • Bachelor of Science - Business Management

    What is your highest level of education?

  • Minimum eligibility requirements:
    • All degree applicants must have a Bachelors degree or higher
    • Post-Master's Certificate degree applicants must have a Masters degree or higher
    School locations:
    • Maryland (1 campus)

    Classroom-Based Programs

    What is your highest level of education?

Other Schools:

  • School locations:
    • Massachusetts (1 campus)
    Areas of study you may find at Boston University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: First Professional Certificate, Post Master's Certificate, Postbaccalaureate Certificate
      • Undergraduate: Associate, Bachelor
    • Business
      • Accounting and Bookkeeping
      • Business Economics
      • Business Finance
        • Banking Related Services
        • Financial Planning Services
      • Business Management and Operations
      • Business Marketing
      • Business Support and Administrative Services
      • Hospitality Management
      • Human Resource Management
      • Information System Management
      • Specialized Sales
  • School locations:
    • New York (1 campus)
    Areas of study you may find at New York University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Certificate
      • Post Degree Certificate: First Professional Certificate, Post Master's Certificate
      • Undergraduate: Associate, Bachelor
    • Business
      • Accounting and Bookkeeping
      • Business Economics
      • Business Finance
        • Banking Related Services
      • Business Management and Operations
      • Business Support and Administrative Services
      • Hospitality Management
      • Human Resource Management
      • International Business
      • Sales and Merchandising
      • Specialized Sales
  • School locations:
    • California (1 campus)
    Areas of study you may find at Southwestern College include:
      • Non-Degree: Certificate, Coursework
      • Undergraduate: Associate
    • Business
      • Accounting and Bookkeeping
      • Business Economics
      • Business Finance
        • Banking Related Services
      • Business Management and Operations
      • Business Support and Administrative Services
      • Entrepreneurship and Small Business Development
      • Hospitality Management
      • International Business
      • Sales and Merchandising
      • Specialized Sales
  • School locations:
    • Indiana (1 campus)
    Areas of study you may find at University of Indianapolis include:
      • Graduate: Master
      • Undergraduate: Associate, Bachelor
    • Business
      • Accounting and Bookkeeping
      • Business Economics
      • Business Finance
        • Banking Related Services
      • Business Management and Operations
      • Business Marketing
      • Entrepreneurship and Small Business Development
      • Hospitality Management
      • Information System Management
      • International Business

Popular Schools

Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics