Community Development Loan Officer

Also called: Microlender

Lends to small businesses and people that regular banks often turn down, at a mission-driven lender.

A day in the life

You meet a woman starting a daycare, help her build a budget and approve a $40,000 loan banks wouldn't give her.

Pay over a career

Starting
$45k
Typical
$62k
High
$90k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's in finance, business or community development.

Ways in: 4-year college, On-the-job training. Training cost: $15k – $60k.

Majors to look at: Finance, Community Development, Economics.

Outlook

Growing about average. Growing with federal CDFI funding.

Will it last? Our AI estimate

Low risk for 10 years. AI helps sort paperwork, but lending to people credit models reject depends on human judgment, coaching and community trust.

Start now, in high school

Classes: Personal finance, Economics, Spanish, Civics.

Official data: O*NET occupation 13-2072.

More Banking & Lending careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.