Consumer Loan Managers in the United States with more than 10 years of experience in their profession represent close to three-fifths of Consumer Loan Managers. Salaries average out to around $67K per year and spread from $41K to $88K per year. The majority of Consumer Loan Managers claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men working as Consumer Loan Managers who took the survey just slightly outnumber women at 55 percent. The data in this summary comes from the PayScale salary survey.

$39,462 - $88,321
(Median)
$39K
$67K
$88K
MEDIAN: $66,746
10%
50%
90%

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$13.76 - $24.18
(Median)
$
$18
$
MEDIAN: $18.00
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
$39,462 - $88,321  
   
Bonus
$979 - $12,255  
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: 28 Oct 2016 | Individuals Reporting: 48
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
$18.02  
   
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
$979 - $12,255  
   
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: 28 Oct 2016 | Individuals Reporting: 6
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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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Pay by Experience Level for Consumer Loan Manager

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


Consumer Loan Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Workers with less than five years' experience earn around $57K on average, and those who have five to 10 years under their belts see a higher median salary of $62K. After working for 10 to 20 years, Consumer Loan Managers make a median salary of $69K. Consumer Loan Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $75K on average.

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Experience Affects Consumer Loan Manager Salaries

Late-Career
up arrow 10%

Experienced
up arrow 2%

National Average
$68,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 17%

Skills That Affect Consumer Loan Manager Salaries

Loan Underwriting
up arrow 1%

Consumer Loans
0%

National Average
$68,000

Job Satisfaction

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

Gender

Female
45 %
Male
55 %

Years of Experience

Less than 1 year
2%
1-4 years
15%
5-9 years
22%
10-19 years
39%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 76%
medical benefits
Vision: 68%
dental benefits
None: 13%
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