Consumer Loan Manager Salary

With just below two-thirds of Consumer Loan Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $35K to $84K per year and averages out to $58K per year. Most Consumer Loan Managers report high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance.

$38,669 - $83,118

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$11.30 - $24.73

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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
$38,669 - $83,118  
   
Bonus
$0.00 - $10,251  
Commission
$4,300 - $14,500  
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).
)
$34,851 - $84,224  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 110
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
$11.30 - $24.73  
   
Overtime
$10.88 - $35.66  
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 - $10,251  
   
Commission
$4,300 - $14,500  
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).
)
$34,851 - $84,224  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | 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 who responded to the survey indicated only a few skills that they use on the job. Consumer Loans and Loan Underwriting are considered valuable skills and can increase employee pay by 17 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.


The average worker who claims fewer than five years of experience earns around $45K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $58K. Consumer Loan Managers with one to two decades of relevant experience report an average salary of approximately $57K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $62K.

Related Job Salaries

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Experience Affects Consumer Loan Manager Salaries

Late-Career
up arrow 6%

Mid-Career
up arrow 1%

National Average
$58,000

Experienced
up arrow 1%

Entry-Level
up arrow 23%

Skills That Affect Consumer Loan Manager Salaries

Consumer Loans
up arrow 17%


National Average
$58,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 15 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
4%
1-4 years
10%
5-9 years
23%
10-19 years
41%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 73%
vision benefits Vision: 59% employee benefits None: 11%
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