Loan Administration Manager Salary

Loan Administration Managers in the United States are often veterans in their line of work, with approximately two-thirds bringing more than 10 years of experience to the table. Salaries slide in at $60K per year on average but can range from $40K to $110K per year. Including potential for bonuses and profit sharing — peaking near $18K and $3K, respectively — total cash payment to Loan Administration Managers can bottom out near $40K or peak near $110K depending on individual performance. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Work is enjoyable for Loan Administration Managers, who typically claim high levels of job satisfaction. The majority of Loan Administration Managers (67 percent) who took the survey are female. Medical benefits are awarded to a large number, and most earn dental coverage. This report is based on responses to the PayScale salary survey.

$40,526 - $103,010
(Median)
$41K
$60K
$100K
MEDIAN: $59,756
10%
50%
90%

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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$50K$100K$150K
Salary
$40,526 - $103,010  
   
Bonus
$966 - $17,879  
Profit Sharing
$481.77 - $3,109  
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).
)
$40,109 - $110,004  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 115
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Just a handful of professional skills are reported by Loan Administration Managers who took the survey. Most notably, skills in Operations Management, People Management, Commercial Loans, and Loan Processing are correlated to pay that is above average. Loan Processing and Commercial Loans as skills, however, tend to be associated with significantly smaller paychecks.

Pay by Experience Level for Loan Administration Manager

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


Loan Administration Managers with a rich background of experience are typically rewarded with larger paychecks. Respondents with less than five years' experience take home $46K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. Loan Administration Managers see a median salary of $68K after reaching one to two decades on the job. Old hands who claim more than two decades on the job enjoy average earnings of $80K.

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Experience Affects Loan Administration Manager Salaries

Late-Career
up arrow 28%

Experienced
up arrow 9%

National Average
$63,000

Mid-Career
up arrow 4%

Entry-Level
up arrow 27%

Skills That Affect Loan Administration Manager Salaries

Operations Management
up arrow 18%

People Management
up arrow 6%

National Average
$63,000

Commercial Loans
up arrow 27%

Loan Processing
up arrow 28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
12%
5-9 years
21%
10-19 years
39%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 81%
medical benefits
Vision: 74%
dental benefits
None: 9%
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