Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Loan Counselors in Indiana

Indiana has a population of 6,423,113, which has grown by 5.63% over the past decade. Nicknamed the "Hoosier State," Indiana's capital and biggest city is Indianapolis.

Currently, 670 people work as loan counselors in Indiana. This is expected to grow by 2% to about 680 people by 2016. This is not quite as good as the nation as a whole, where employment opportunities for loan counselors are expected to grow by about 16.3%. Loan counselors generally provide guidance to prospective loan applicants who have problems qualifying for traditional loans.

Loan counselors earn approximately $16 per hour or $35,250 annually on average in Indiana. Nationally they average about $18 hourly or $37,470 annually. Earnings for loan counselors are not quite as good as earnings in the general category of Accounting and Auditing in Indiana and not quite as good as general Accounting and Auditing category earnings nationally. Loan counselors work in a variety of jobs, including: lending services manager, financial aid counselor, and financial aid advisor.

In 2008, there were a total of 3,718,148 jobs in Indiana. The average annual income was $34,543 in 2008, up from $33,702 the previous year. The unemployment rate in Indiana was 10.1% in 2009, which has grown by 4.3% since the previous year. Approximately 19.4% of Indiana residents have college degrees, which is lower than the national average.

The top industries in Indiana include manufacturing, primary metal manufacturing, and iron mills manufacturing.

CITIES WITH Loan Counselor OPPORTUNITIES IN Indiana


JOB DESCRIPTION: Loan Counselor

Loan Counselor video from the State of New Jersey Dept. of Labor and Workforce Development

In general, loan counselors provide guidance to prospective loan applicants who have problems qualifying for traditional loans. They also guidance may include determining the best type of loan and explaining loan requirements or restrictions.

Every day, loan counselors are expected to be able to see details at a very fine level of focus. They need to listen to and understand others in meetings. It is also important that they speak clearly.

Similar jobs with educational opportunities in Indiana include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

LOCATION INFORMATION: Indiana

Indiana
Indiana photo by Jasssmit

Indiana has a population of 6,423,113, which has grown by 5.63% over the past decade. Nicknamed the "Hoosier State," Indiana's capital and most populous city is Indianapolis. In 2008, there were a total of 3,718,148 jobs in Indiana. The average annual income was $34,543 in 2008, up from $33,702 the previous year. The unemployment rate in Indiana was 10.1% in 2009, which has grown by 4.3% since the previous year. Roughly 19.4% of Indiana residents have college degrees, which is lower than the national average.

The top industries in Indiana include manufacturing, primary metal manufacturing, and iron mills manufacturing.