Consumer Loan Manager Salary

Consumer Loan Managers in the United States tend to have a good amount of experience under their belt — around three in five have more than 10 years in the field. While pay runs from $41K to $88K per year, median earnings come to $65K per year. Women are just slightly outnumbered, with male Consumer Loan Managers making up 52 percent of survey respondents. 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. Respondents to the PayScale salary survey provided the data for this report.

$39,592 - $88,166
$40K
$65K
$88K
MEDIAN: $65,186
10%
50%
90%

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$12.63 - $26.72
$15
MEDIAN: $15.00
50%

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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$30K$60K$90K
Salary
$39,592 - $88,166  
   
Bonus
$1,445 - $12,365  
Profit Sharing
$2,000  
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).
)
$40,705 - $88,338  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 49
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
$15.00  
   
Overtime
$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
$1,445 - $12,365  
   
Profit Sharing
$2,000  
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).
)
$40,705 - $88,338  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 5

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Consumer Loan Manager

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

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Pay by Experience Level for Consumer Loan Manager

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


For many Consumer Loan Managers, extensive experience does not lead to significantly more money. In this position, someone who has worked for fewer than five years can expect a median salary of $59K. The median for people with five to 10 years of experience is only a little bit higher at $61K. People with 10 to 20 years of experience make an average of about $68K in this role. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $78K.

Related Job Salaries

Key Stats for Consumer Loan Manager

Gender

Female
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.
Less than 1 year
2%
1-4 years
15%
5-9 years
24%
10-19 years
41%
20 years or more
19%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Consumer Loan Manager Salaries

Late-Career
▲16%

Experienced
▲2%

National Average
$67,000

Mid-Career
▼9%

Entry-Level
▼12%

Skills That Affect Consumer Loan Manager Salaries


Consumer Loans
▲1%

National Average
$67,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 4 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
2%
1-4 years
15%
5-9 years
24%
10-19 years
41%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 76%
vision benefits
Vision: 68%
dental benefits
None: 14%
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