Consumer Loan Manager Salary

With just below two-thirds of Consumer Loan Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Consumer Loan Managers is $58K annually and can range from $35K on the lower end to $84K per year near the higher end. Job satisfaction for Consumer Loan Managers is high. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women make up a slight majority of Consumer Loan Managers (55 percent) survey respondents.

$39,161 - $83,247
(Median)
$39K
$58K
$83K
MEDIAN: $58,001
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
$39,161 - $83,247  
   
Bonus
$0.00 - $10,261  
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).
)
$34,792 - $84,338  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 109
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 - $10,261  
   
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).
)
$34,792 - $84,338  
Country: United States | Currency: USD | Updated: 2 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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Professional skills reported by Consumer Loan Managers are few in number. Consumer Loans and Loan Underwriting are considered valuable skills and can increase employee pay by 18 percent and 12 percent, respectively.

Pay by Experience Level for Consumer Loan Manager

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


Respondents with less than five years' experience take home $45K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $59K. Consumer Loan Managers see a median salary of $58K after reaching one to two decades on the job. Average wages for folks with more than 20 years of experience come out to around $60K.

Related Job Salaries

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Experience Affects Consumer Loan Manager Salaries

Late-Career
up arrow 4%

Mid-Career
up arrow 2%

Experienced
0%

National Average
$58,000

Entry-Level
up arrow 22%

Skills That Affect Consumer Loan Manager Salaries

Consumer Loans
up arrow 18%


National Average
$58,000

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
4%
1-4 years
10%
5-9 years
23%
10-19 years
39%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 73%
vision benefits Vision: 57% employee benefits None: 11%
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