Consumer Loan Manager Salary

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 $36K to $86K per year, but median earnings come to around $59K annually. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. Most Consumer Loan Managers report high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$38,985 - $84,314
(Median)
$39K
$59K
$84K
MEDIAN: $59,308
10%
50%
90%

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$11.56 - $24.73
(Median)
$12
$15
$25
MEDIAN: $15.00
10%
50%
90%

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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$29K$58K$87K
Salary
$38,985 - $84,314  
   
Bonus
$0.00 - $10,348  
Profit Sharing
$5,000  
Commission
$6,000  
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).
)
$35,672 - $86,266  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 115
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
$11.56 - $24.73  
   
Overtime
$28.83  
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
$0.00 - $10,348  
   
Commission
$6,000  
Profit Sharing
$5,000  
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).
)
$35,672 - $86,266  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 15
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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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Consumer Loan Managers usually report a few specific skills. Consumer Loans and Loan Underwriting are considered valuable skills and can increase employee pay by 15 percent and 10 percent, respectively.

Pay by Experience Level for Consumer Loan Manager

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


Those in the early stages of their career can expect to make around $45K; however, individuals with five to 10 years of experience bring in $60K on average — a distinctly larger sum. Consumer Loan Managers see a median salary of $56K after reaching one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $65K.

Related Job Salaries

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Experience Affects Consumer Loan Manager Salaries

Late-Career
up arrow 9%

Mid-Career
up arrow 2%

National Average
$59,000

Experienced
up arrow 6%

Entry-Level
up arrow 24%

Skills That Affect Consumer Loan Manager Salaries

Consumer Loans
up arrow 15%


National Average
$59,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
9%
5-9 years
26%
10-19 years
37%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 76%
medical benefits
Vision: 63%
dental benefits
None: 11%
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