Consumer Loan Manager Salary

Just under three-fifths of Consumer Loan Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $42K to $88K per year, but median earnings come to around $66K annually. Men make up a slight majority of Consumer Loan Managers (58 percent) who responded to the survey. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. This report is based on responses to the PayScale salary survey.

$51,458 - $88,510
$51K
$66K
$89K
MEDIAN: $66,184
10%
50%
90%

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$11.57 - $24.18
$14
MEDIAN: $14.48
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Salary
$51,458 - $88,510  
   
Bonus
$1,030 - $11,635  
Profit Sharing
$3,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,215 - $88,476  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 39
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$14.48  
   
Overtime
$26.59  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$1,030 - $11,635  
   
Profit Sharing
$3,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$42,215 - $88,476  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 6

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Consumer Loan Manager

  • Supervise lenders processing loan applications, managework flow, and ensure compliance with regulations.
  • Generate new business through sales outreach.
  • Hire, train, evaluate, and discipline lending staff.
  • Develop and implement strategies to improve loan department efficiency and meet sales targets.

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Pay by Experience Level for Consumer Loan Manager

Pay by Experience for a Consumer Loan Manager has a positive trend. An entry-level Consumer Loan Manager with less than 5 years of experience can expect to earn an average total compensation of $59,000 based on 11 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Consumer Loan Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 18 salaries. An experienced Consumer Loan Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $68,000 based on 18 salaries. A Consumer Loan Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $77,000 based on 11 salaries.

Related Job Salaries

Key Stats for Consumer Loan Manager

Gender

Female
42 %
Male
58 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
Less than 1 year
2%
1-4 years
18%
5-9 years
22%
10-19 years
36%
20 years or more
22%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Consumer Loan Manager Salaries

Late-Career
▲13%

▼0%

National Average
$68,000

Mid-Career
▼9%

Entry-Level
▼12%

Skills That Affect Consumer Loan Manager Salaries


Consumer Loans
▼0%

National Average
$68,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
22%
10-19 years
36%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 79%
vision benefits
Vision: 71%
no benefits
None: 12%
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