Loan Officers and Counselors

There is no one method for advancement among loan officers and counselors. Advancement depends on the size of the institution, the services it offers, and the qualifications of the employee. Usually the smaller the employer, the slower the advancements. Loan officers and counselors can advance to become loan supervisors (managers of loan departments) or heads of retail or commercial banking. Very experienced workers can advance to the positions of financial institution treasurer or controller, then vice president, and finally bank president.

Financial institutions often offer special training programs that take place at night, during the summer, and in some special instances during scheduled working hours. People who take advantage of these opportunities usually find that advancement comes more quickly.