Best Loan Officer programs in Minnesota, ranked by enrollment
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods.
26 schools in Minnesota run programs that feed this job, graduating 944 people a year. The job pays a median of $95,170 in Minnesota across about 6,430 jobs (BLS OEWS May 2025).
Fields of study in Minnesota that lead to this job
Grouped at the 4-digit CIP level. Numbers are graduates per year in this state.
1 programs in Minnesota that lead to this job
Ranked by graduates per year in Minnesota (IPEDS completions). Graduate earnings and debt are national College Scorecard figures reported at the 4-digit CIP level, so specializations within one field share a figure. Each program also links to its own Minnesota page.
| # | Program | Graduates / yr | Share of pipeline | Schools | Grad earnings (1 yr) | Median debt |
|---|---|---|---|---|---|---|
| 1 | CIP 52.0801In Minnesota → | 944 | 100.0% | 26 | $53,572 | $23,672 |
Top 25 schools in Minnesota
Ranked by graduates per year into this job. Graduate earnings are reported for 15 of the 26 schools in this state.
| # | School | Graduates / yr | Top feeder program | Grad earnings (1 yr) | Grad rate | Net price | Acceptance |
|---|---|---|---|---|---|---|---|
| 1 | University of Minnesota - Twin Cities Minneapolis, MN Public · 1 feeder programs | 296 | Finance, General | $69,094 | 85% | — | 80% |
| 2 | University of St Thomas Saint Paul, MN Private not-for-profit · 1 feeder programs | 136 | Finance, General | $66,006 | 76% | $28,888 | 85% |
| 3 | Minnesota State University - Mankato Mankato, MN Public · 1 feeder programs | 94 | Finance, General | $51,248 | 54% | — | 88% |
| 4 | University of Minnesota - Duluth Duluth, MN Public · 1 feeder programs | 82 | Finance, General | $51,953 | 65% | — | 89% |
| 5 | Saint Cloud State University Saint Cloud, MN Public · 1 feeder programs | 36 | Finance, General | $52,502 | 40% | — | 95% |
| 6 | Metropolitan State University Saint Paul, MN Public · 1 feeder programs | 32 | Finance, General | $51,544 | 44% | — | 99% |
| 7 | Summit Academy Opportunities Industrialization Center Minneapolis, MN Private not-for-profit · 1 feeder programs | 31 | Finance, General | — | 64% | $17,453 | — |
| 8 | Augsburg University Minneapolis, MN Private not-for-profit · 1 feeder programs | 29 | Finance, General | $63,598 | 52% | $23,585 | 82% |
| 9 | University of Minnesota - Crookston Crookston, MN Public · 1 feeder programs | 29 | Finance, General | $48,276 | 50% | — | 88% |
| 10 | Concordia College at Moorhead Moorhead, MN Private not-for-profit · 1 feeder programs | 24 | Finance, General | $59,104 | 61% | $23,425 | 63% |
| 11 | Minnesota State University Moorhead Moorhead, MN Public · 1 feeder programs | 22 | Finance, General | $48,121 | 57% | — | 59% |
| 12 | Winona State University Winona, MN Public · 1 feeder programs | 20 | Finance, General | $52,188 | 57% | — | 75% |
| 13 | Capella University Minneapolis, MN Private for-profit · 1 feeder programs | 17 | Finance, General | — | 20% | $19,369 | — |
| 14 | The College of Saint Scholastica Duluth, MN Private not-for-profit · 1 feeder programs | 15 | Finance, General | $52,677 | 71% | $21,150 | 93% |
| 15 | Hamline University Saint Paul, MN Private not-for-profit · 1 feeder programs | 11 | Finance, General | — | 60% | $20,981 | 88% |
| 16 | Saint Johns University Collegeville, MN Private not-for-profit · 1 feeder programs | 11 | Finance, General | — | 75% | $19,900 | 91% |
| 17 | Southwest Minnesota State University Marshall, MN Public · 1 feeder programs | 11 | Finance, General | $47,734 | 45% | — | 62% |
| 18 | University of Northwestern - St Paul Saint Paul, MN Private not-for-profit · 1 feeder programs | 11 | Finance, General | — | 68% | $23,114 | 93% |
| 19 | Rasmussen University - Minnesota St. Cloud, MN Private for-profit · 1 feeder programs | 9 | Finance, General | $47,744 | 53% | $19,944 | — |
| 20 | Concordia University - Saint Paul Saint Paul, MN Private not-for-profit · 1 feeder programs | 8 | Finance, General | — | 46% | $17,328 | 79% |
| 21 | Saint Mary's University of Minnesota Winona, MN Private not-for-profit · 1 feeder programs | 7 | Finance, General | $58,451 | 66% | $18,163 | 93% |
| 22 | Saint Paul College Saint Paul, MN Public · 1 feeder programs | 6 | Finance, General | — | 40% | — | — |
| 23 | Fond du Lac Tribal and Community College Cloquet, MN Public · 1 feeder programs | 3 | Finance, General | — | 26% | — | — |
| 24 | North Hennepin Community College Brooklyn Park, MN Public · 1 feeder programs | 2 | Finance, General | — | 22% | — | — |
| 25 | College of Saint Benedict Saint Joseph, MN Private not-for-profit · 1 feeder programs | 1 | Finance, General | — | 77% | $22,583 | 92% |
All 26 schools in Minnesota
Every school in Minnesota with a program that feeds this job, ordered by graduates per year. Earnings are shown for the ranked schools above; open a school profile for the rest.
| School | City | Control | Graduates / yr | Feeder programs |
|---|---|---|---|---|
| University of Minnesota - Twin Cities | Minneapolis | Public | 296 | 1 |
| University of St Thomas | Saint Paul | Private not-for-profit | 136 | 1 |
| Minnesota State University - Mankato | Mankato | Public | 94 | 1 |
| University of Minnesota - Duluth | Duluth | Public | 82 | 1 |
| Saint Cloud State University | Saint Cloud | Public | 36 | 1 |
| Metropolitan State University | Saint Paul | Public | 32 | 1 |
| Summit Academy Opportunities Industrialization Center | Minneapolis | Private not-for-profit | 31 | 1 |
| Augsburg University | Minneapolis | Private not-for-profit | 29 | 1 |
| University of Minnesota - Crookston | Crookston | Public | 29 | 1 |
| Concordia College at Moorhead | Moorhead | Private not-for-profit | 24 | 1 |
| Minnesota State University Moorhead | Moorhead | Public | 22 | 1 |
| Winona State University | Winona | Public | 20 | 1 |
| Capella University | Minneapolis | Private for-profit | 17 | 1 |
| The College of Saint Scholastica | Duluth | Private not-for-profit | 15 | 1 |
| Hamline University | Saint Paul | Private not-for-profit | 11 | 1 |
What loan officers earn in Minnesota
What people already working in this job earn (BLS OEWS May 2025). Not graduate earnings.
U.S. median $76,690. Minnesota pays above the national figure.
Concentrated here: Minnesota employs more of this job per worker than the U.S. average.
Metro areas in Minnesota
Job outlook
Bureau of Labor Statistics Employment Projections, 2024 to 2034.
Growth and openings are national. The Bureau of Labor Statistics does not publish employment projections at state level, so these figures describe the occupation across the whole U.S., not this state alone.
How to get in
The full skills, tools, and day-to-day breakdown lives on the national Loan Officers page.
How to become a Loan Officer
Job zone 4 of 5 · SVP 7.0 to < 8.0- Typical entry education
- Bachelor's degree
- Work experience needed
- Less than 5 years
- On-the-job training
- Moderate-term on-the-job training
Most of these occupations require a four-year bachelor's degree, but some do not.
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Top skills
The same job in other states
Where else this occupation employs the most people, and what it pays there.
Related careers in Minnesota
Every major mapped to this job
The official federal mapping behind the rankings above.
All 2 majors mapped to Loan Officers2 of them graduated someone in the latest IPEDS year. NCES CIP 2020 → SOC 2018 crosswalk.+
- 52.0801Finance, General
- 52.0809Credit Management
Common questions
Answers for people weighing loan officers programs in Minnesota.
What degree do you need to become a Loan Officer?+
Bachelor's degree is the typical entry-level education BLS reports for this occupation. The most common program people actually graduate from is Finance, General, which awarded 944 degrees in Minnesota in 2024-25, 100.0% of everyone graduating from a program that feeds this career.
Which college majors lead to becoming a Loan Officer?+
The NCES CIP-to-SOC crosswalk maps 1 programs to this occupation. The largest are Finance and Financial Management Services. Together they graduate about 944 people a year in Minnesota.
How much do loan officers earn in Minnesota?+
The median is $95,170 a year (BLS OEWS May 2025). That is 24.1% above the U.S. median of $76,690. This is pay for people already working in the occupation, not the same thing as graduate earnings one year after finishing a degree.
Is demand for loan officers growing?+
BLS projects a +1.7% change in employment between 2024 and 2034, little or no change, with roughly 20,300 openings a year nationally once retirements and job changes are counted.
How many schools offer programs for this career in Minnesota?+
26 institutions in Minnesota reported graduates from at least one of the 1 programs that feed this occupation in IPEDS 2024-25. Rankings on this page use graduates per year, because the federal data publishes no enrollment count by program.
What other job titles do loan officers work under?+
Employers advertise this work under many names. O*NET records Loan Officer, Loan Counselor, Commercial Loan Officer, Financial Aid Counselor among the most commonly reported, all mapping to SOC 13-2072.
About the data on this page
Rankings use IPEDS completions 2024–25, degrees awarded per year. That is the closest federal measure of how many people a program puts into a career, because no federal dataset publishes enrollment by program. Wages and employment come from BLS OEWS May 2025, growth and openings from BLS Employment Projections 2024-34, and which majors lead to which jobs from the NCES CIP 2020 to SOC 2018 crosswalk. Occupation descriptions, tasks, skills and tools are O*NET 30.3 (CC BY 4.0, U.S. Department of Labor/ETA).
BLS Occupational Employment & Wage Statistics
May 2025Wages, employment counts, location quotients and metro breakdowns.
BLS Employment Projections
2024–34Projected growth, annual openings and typical entry-level education.
IPEDS Completions
2024-25 (provisional)Graduates per year by program and institution — the ranking metric.
College Scorecard, Field of Study
2020-21 cohortsMedian graduate earnings one year after completion, and median debt.
Census Post-Secondary Employment Outcomes
latest availableGraduate earnings 1/5/10 years out, where the state participates.
NCES CIP 2020 and the CIP-to-SOC 2018 crosswalk
CIP 2020 / SOC 2018Which college programs officially lead to this occupation.
O*NET Database 30.3
30.3Tasks, skills, knowledge, tools, job zone and alternate job titles.
Official source →CC BY 4.0, U.S. Department of Labor / ETA
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