Consumer Loan Manager Salary

Consumer Loan Managers in the United States tend to be well-versed in their field, and roughly three-fifths have more than 10 years of experience. Average salary is expected to be around $59K annually, but may range from $36K to $86K per year. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Most workers in this position report high levels of job satisfaction. Women Consumer Loan Managers who took the survey just slightly outnumber men. This snapshot results from replies to PayScale's salary survey.

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

Add this chart to your site: 640px    300px

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

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Lending Manager Job Listings

Search for more jobs:


Consumer Loan Managers typically list a handful of skills they use on the job. 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.


Workers in their first five years can expect to earn $45K, but people who have been around for five to 10 years earn a noticeably bigger sum of $60K. Consumer Loan Managers bring in $56K after working for 10 to 20 years. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $65K on average.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%
ADVERTISEMENT