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Career and Education Opportunities for Loan Counselors in North Dakota

North Dakota has a population of 646,844, which has grown by 0.72% in the last 10 years. Nicknamed the "Flickertail State," its capital is Bismarck, though its largest city is Fargo.

The national trend for loan counselors sees this job pool growing by about 16.3% over the next eight years. Loan counselors generally provide guidance to prospective loan applicants who have problems qualifying for traditional loans.

A person working as a loan counselor can expect to earn about $16 per hour or $34,530 yearly on average in North Dakota and about $18 hourly or $37,470 annually on average in the U.S. as a whole. Incomes for loan counselors are not quite as good as in the overall category of Accounting and Auditing in North Dakota, and not quite as good as the overall Accounting and Auditing category nationally. Loan counselors work in a variety of jobs, including: financial aid director, financial aid coordinator, and consumer credit counselor.

In 2008, there were a total of 498,718 jobs in North Dakota. The average annual income was $39,874 in 2008, up from $36,678 the previous year. The unemployment rate in North Dakota was 4.3% in 2009, which has grown by 1.1% since the previous year. Approximately 22.0% of North Dakota residents have college degrees, which is lower than the national average.

The top industries in North Dakota include farm product raw material merchant wholesalers, farm machinery merchant wholesalers, and lawn equipment stores. Notable tourist attractions include the Fargo Air Museum, the Charitable Equipment Inc, and the Gallery 4 Ltd.

CITIES WITH Loan Counselor OPPORTUNITIES IN North Dakota


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 North Dakota 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.
  • 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: North Dakota

North Dakota
North Dakota photo by Bobak Ha'Eri

North Dakota has a population of 646,844, which has grown by 0.72% over the past decade. Nicknamed the "Flickertail State," its capital is Bismarck, though its largest city is Fargo. In 2008, there were a total of 498,718 jobs in North Dakota. The average annual income was $39,874 in 2008, up from $36,678 the preceding year. The unemployment rate in North Dakota was 4.3% in 2009, which has grown by 1.1% since the previous year. Approximately 22.0% of North Dakota residents have college degrees, which is lower than the national average.

The top industries in North Dakota include farm product raw material merchant wholesalers, farm machinery merchant wholesalers, and lawn equipment stores. Notable tourist attractions include the Red River Valley Genealogical Society, the Gallery 4 Ltd, and the West Acres Regional Shopping Center.