Loan Officers
Machines can already do 52% of this job's tasks. By 2035 that rises to 76%. Most of the work is changing now.
Share of the work machines can do
Worldwide baseline, 2026 to 2050
Loan Officers in 2026: the short answer
- Today: machines can do 52% of this job's tasks, and AI use is already seen in 19% of them.
- Forecast: machines can already do half of its tasks, and 76% by 2035, according to the 311 Strategic Intelligence Unit.
- Size: 274,330 people do this job in the United States, on a median pay of $76,690 a year.
- Contact with people: it scores 84% for contact with people.
- Also called: Commercial Banker, Commercial Loan Officer, Corporate Banking Officer, Financial Aid Advisor.
Updated by the 311 Strategic Intelligence Unit. These are worldwide baseline figures; the Workforce Starburst shows them for your country. Go deeper: How ready am I? or an executive briefing.
How the work changes, task by task
The tasks that take up most of the day, with the share of each that machines can do in 2026 (dark) and 2035 (pink). Worldwide baseline.
| Task | Share of the day | Machines can do | 2026 to 2035 |
|---|---|---|---|
| Meet with applicants to obtain information for loan applications and to answer questions about the process | 13% | 55% to 85% | |
| Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans | 13% | 25% to 50% | |
| Explain to customers the different types of loans and credit options that are available, as well as the terms of those services | 7% | 77% to 87% | |
| Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information | 7% | 55% to 85% | |
| Approve loans within specified limits, and refer loan applications outside those limits to management for approval | 5% | 25% to 50% | |
| Review loan agreements to ensure that they are complete and accurate according to policy | 5% | 70% to 95% | |
| Review and update credit and loan files | 5% | 60% to 90% | |
| Market bank products to individuals and firms, promoting bank services that may meet customers' needs | 5% | 81% to 87% |
The skills this job runs on
The skills loan officers use most, most used first.
Safer jobs nearby
Jobs with a similar skill shape where machines can do less of the work by 2035.
- Real Estate Brokers68% of tasks by 2035 · US median $73,220
- Bill and Account Collectors69% of tasks by 2035 · US median $47,030
- Buyers and Purchasing Agents, Farm Products66% of tasks by 2035
- Chief Legal Officers53% of tasks by 2035
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Questions
When will machines do half of the tasks of Loan Officers?
Machines can already do half of its tasks. That is the worldwide baseline from the 311 Workforce Starburst, before adjusting for country.
Will AI take the job of loan officers?
Machines can do 52% of the tasks of loan officers today and 76% by 2035. Most of the routine work moves to machines, and the people in the job move to oversight, judgement and client work.
Sources and citing
Tasks and their share of the day: O*NET 31.0, occupation 13-2072.00 (US Department of Labor, CC BY 4.0). Pay and jobs: US Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025. AI use today: Anthropic Economic Index (CC BY). Scoring and forecast: the 311 Strategic Intelligence Unit; after 2035 the figures extend each trend, with lower confidence. Foresight, not advice.
Cite as: 311 Institute (2026). Loan Officers: the outlook to 2050. 311 Workforce Starburst. https://www.311institute.com/jobs/loan-officers/