Loan Specialist Salary at Sallie Mae Bank BETA

How much does a Sallie Mae Bank Loan Specialist make?

As of April 2025, the average annual salary for a Loan Specialist at Sallie Mae Bank is $84,506, which translates to approximately $41 per hour. Salaries for Loan Specialist at Sallie Mae Bank typically range from $73,606 to $94,241, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Sallie Mae Bank Overview

Website:
salliemae.com
Size:
1,000 - 3,000 Employees
Revenue:
$1B - $3B
Industry:
Financial Services

Founded in 1972 and headquartered in Newark, Delaware, SLM Corporation, also known as Sallie Mae, is engaged in education finance. The Company's primary business is to originate and hold student loans.

See similar companies related to Sallie Mae Bank

What Skills Does a person Need at Sallie Mae Bank?

At Sallie Mae Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

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Check more jobs information at Sallie Mae Bank

Job Title Average Sallie Mae Bank Salary Hourly Rate
2 Talent Acquisition Coordinator $65,768 $32
3 Technical Advisor $79,161 $38
4 Technical Project Manager $192,787 $93
5 Technical Support Engineer $99,804 $48
6 Technical Training Specialist $91,304 $44
7 Treasurer $271,978 $131
8 Vendor Relationship Manager $158,678 $76
9 Vice President Talent Management $323,256 $155
10 Vice President, Legal $311,777 $150
11 Workflow Analyst $85,897 $41
12 Operations Reporting Analyst $92,142 $44
13 Operator $54,160 $26

Hourly Pay at Sallie Mae Bank

The average hourly pay at Sallie Mae Bank for a Loan Specialist is $41 per hour. The location, department, and job description all have an impact on the typical compensation for Sallie Mae Bank positions. The pay range and total remuneration for the job title are shown in the table below. Sallie Mae Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $84,506 look to you?

FAQ about Salary and Jobs at Sallie Mae Bank

1. How much does Sallie Mae Bank pay per hour?
The average hourly pay is $41. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Sallie Mae Bank?
According to the data, the highest approximate salary is about $94,241 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Sallie Mae Bank?
According to the data, the lowest estimated salary is about $73,606 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.