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Consumer Loan Manager Salary

Consumer Loan Managers in the United States tend to have a good amount of experience under their belt — about three-fifths have more than 10 years in the field. While pay runs from $35K to $83K per year, median earnings come to $55K per year. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Job satisfaction for Consumer Loan Managers is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 59 percent. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$38,937 - $80,899
(Median)
$39K
$55K
$81K
MEDIAN: $55,028
10%
50%
90%

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$11.21 - $24.23
(Median)
$11
$15
$24
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Salary
$38,937 - $80,899  
   
Bonus
$0.00 - $10,287  
Commission
$4,913 - $18,313  
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).
)
$34,966 - $83,488  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 104
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$11.21 - $24.23  
   
Overtime
$10.88 - $35.66  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $10,287  
   
Commission
$4,913 - $18,313  
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).
)
$34,966 - $83,488  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 13

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Consumer Loan Manager

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

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Survey results show that Consumer Loan Managers typically report just a few professional skills. Most notably, facility with Consumer Loans and Loan Underwriting are correlated to pay that is significantly above average, leading to increases of 21 percent and 6 percent, respectively.

Pay by Experience Level for Consumer Loan Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The average beginner in this position makes around $45K, but folks who have been around for five to 10 years see a markedly higher median salary of $58K. Consumer Loan Managers bring in $54K after working for 10 to 20 years. Seasoned veterans with 20 years under their belts enjoy a median income of $59K.

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United States (change)

Experience Affects Consumer Loan Manager Salaries

Late-Career
up arrow 7%

Mid-Career
up arrow 6%

National Average
$55,000

Experienced
up arrow 2%

Entry-Level
up arrow 17%

Skills That Affect Consumer Loan Manager Salaries

Consumer Loans
up arrow 21%

Loan Underwriting
up arrow 6%

National Average
$55,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
3%
1-4 years
10%
5-9 years
26%
10-19 years
36%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 75%
vision benefits Vision: 57% employee benefits None: 9%
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