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 South Dakota

South Dakota has a population of 812,383, which has grown by 7.62% over the past decade. Nicknamed the "Mount Rushmore State," its capital is Pierre, though its largest city is Sioux Falls.

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.

The average wage in the general category of Accounting and Auditing jobs is $23 per hour or $48,680 per year in South Dakota, and an average of $27 per hour or $55,580 per year nationwide. Loan counselors work in a variety of jobs, including: financial aid administrator, commercial lending vice president, and financial aid coordinator.

In 2008, there were a total of 566,490 jobs in South Dakota. The average annual income was $38,644 in 2008, up from $36,428 the previous year. The unemployment rate in South Dakota was 4.8% in 2009, which has grown by 1.7% since the previous year. About 21.5% of South Dakota residents have college degrees, which is lower than the national average.

The top industries in South Dakota include nonstore retailers, gasoline stations with convenience stores, and sign manufacturing. Notable tourist attractions include the Washington Pavilion of Arts and Science, the Old Courthouse Museum, and the Minnehaha County.

CITIES WITH Loan Counselor OPPORTUNITIES IN South 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 South 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.
  • 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.
  • 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: South Dakota

South Dakota
South Dakota photo by Dean Franklin

South Dakota has a population of 812,383, which has grown by 7.62% in the last 10 years. Nicknamed the "Mount Rushmore State," its capital is Pierre, though its most populous city is Sioux Falls. In 2008, there were a total of 566,490 jobs in South Dakota. The average annual income was $38,644 in 2008, up from $36,428 the previous year. The unemployment rate in South Dakota was 4.8% in 2009, which has grown by 1.7% since the previous year. Roughly 21.5% of South Dakota residents have college degrees, which is lower than the national average.

The top industries in South Dakota include nonstore retailers, gasoline stations with convenience stores, and sign manufacturing. Notable tourist attractions include the Pettigrew Home & Museum, the Sioux Falls City, and the Old Courthouse Museum.