Consumer Loan Manager Salary

Just below two-thirds of Consumer Loan Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $35K to $85K per year, but median earnings come to around $57K per year. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Consumer Loan Managers like their work and job satisfaction is high. Women make up a slight majority of Consumer Loan Managers (55 percent) survey respondents.

$39,032 - $83,672
(Median)
$39K
$57K
$84K
MEDIAN: $56,986
10%
50%
90%

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$11.30 - $24.73
(Median)
$11
$15
$25
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$29K$58K$87K
Salary
$39,032 - $83,672  
   
Bonus
$0.00 - $10,282  
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).
)
$34,612 - $84,682  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 106
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$15$30$45
Hourly Rate
$11.30 - $24.73  
   
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$30K$60K$90K
Bonus
$0.00 - $10,282  
   
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).
)
$34,612 - $84,682  
Country: United States | Currency: USD | Updated: 20 Jun 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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Typical Consumer Loan Managers report a focused set of job skills. Consumer Loans and Loan Underwriting are considered valuable skills and can increase employee pay by 20 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.


Workers in their first five years can expect to earn $43K, but people who have been around for five to 10 years earn a noticeably bigger sum of $59K. For Consumer Loan Managers, 10 to 20 years of experience on the job amounts to an average salary of $58K. Survey participants who have worked for more than two decades report bringing in $59K on average.

Related Job Salaries

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Experience Affects Consumer Loan Manager Salaries

Mid-Career
up arrow 4%

Late-Career
up arrow 3%

Experienced
up arrow 2%

National Average
$57,000

Entry-Level
up arrow 23%

Skills That Affect Consumer Loan Manager Salaries

Consumer Loans
up arrow 20%

Loan Underwriting
up arrow 10%

National Average
$57,000

Job Satisfaction

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

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
3%
1-4 years
9%
5-9 years
24%
10-19 years
40%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 10%
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