Loan Administration Manager Salary

With roughly two-thirds of Loan Administration Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $40K to $110K per year and averages out to $60K per year. Cash earnings for Loan Administration Managers — which occasionally include more than $18K from bonuses and more than $3K from profit sharing — stretch from around $40K to approximately $110K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. More than half of Loan Administration Managers (67 percent) survey participants are women. Most Loan Administration Managers report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.

$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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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. Salaries of relatively inexperienced workers fall in the neighborhood of $46K, but folks who have racked up five to 10 years see a notably higher median of $60K. Loan Administration Managers with one to two decades of relevant experience report an average salary of approximately $68K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $80K on average.

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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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