8000 Hours

8000 hours, almost a half million minutes or about 4-5 years is how long an electrician must work to be considered a journeyman. At the one year point the electrician has just finished their first year of apprenticeship and they make 49% of their journeyman colleagues.

Apparently, however, to become a "Senior Loan Officer" is, electricians have to put in their time and thoroughly learn their trade to make the good money. Loan officers are not much different. They just have a more flexible job and no set pay scale.

Here in Colorado a journeyman makes $53,580 per year if they work forty hours all 52 weeks of the year. I bring this up to illustrate how fortunate we are to not have to punch the clock and not to have our incomes limited by a pay scale. If you spend time to actually learn your trade as well as the electrician, you could be a "Journeyman Loan Officer"!