Median of all compensation (including tips, bonus, and overtime) by years of experience.
In most cases, Loan Administrators can expect only incremental pay growth as they advance in their careers. Those in the early stages of their career can expect to make around $36K; however, pay rises to approximately $44K after five to 10 years. After 10 to 20 years, salary hovers around $49K. Salaries grow more slowly as Loan Administrators approach the 20-year mark, when the pay stabilizes at $51K. Experienced employees who have 10-20 years of experience make up about one-fourth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 12 percent. One to nine years of experience is standard for most employees in this area; a majority of respondents fit between this range.