As of March 01, 2025, the average annual salary for a Consumer Loan Collection Manager in the United States is $106,615. According to Salary.com, salaries can range from a low of $82,915 to a high of $137,023, with most professionals earning between $94,209 and $122,531.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $122,531 | $10,211 | $2,356 | $59 |
| Average | $106,615 | $8,885 | $2,050 | $51 |
| 25th Percentile | $94,209 | $7,851 | $1,812 | $45 |
An entry-level Consumer Loan Collection Manager with less than 1 year of experience earns about $100,727. With 1-2 years of experience, the average salary increases to $101,276. For 2-4 years of experience, the pay typically rises to $102,190. Senior-level professionals with 5-8 years of experience earn around $103,470, and those with over 8 years of experience can expect an average of $105,299.
| Levels | Salary |
|---|---|
| Entry Level Consumer Loan Collection Manager | $100,727 |
| Intermediate Level Consumer Loan Collection Manager | $101,276 |
| Senior Level Consumer Loan Collection Manager | $102,190 |
| Specialist Level Consumer Loan Collection Manager | $103,470 |
| Expert Level Consumer Loan Collection Manager | $105,299 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 3% |
| Experienced | 1% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Consumer Loan Collection Manager compensation over the past six years. For example, the median salary increased from $116,423 in 2023 to approximately $116,531 in 2024. (For a detailed analysis of Consumer Loan Collection Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Consumer Loan Collection Manager information for you to search for. Click on search button below to see Consumer Loan Collection Manager job openings or enter a new job title here.
Here are companies hiring for Consumer Loan Collection Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $106,615 | 64.5% | ||
| Bonus | $15,032 | 9.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $9,306 | 5.6% | ||
| 401K/403B | $5,717 | 3.5% | ||
| Disability | $973 | 0.6% | ||
| Healthcare | $6,056 | 3.7% | ||
| Pension | $6,691 | 4.0% | ||
| Time Off | $14,972 | 9.1% | ||
| Total Compensation | $165,362 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.8% |
| High School | 43.6% |
| Associates | 14.5% |
| Bachelors | 34.5% |
| Masters | 3.6% |
| Doctorate | 1.8% |
What Am I Worth?
The average annual salary of Consumer Loan Collection Manager is $106,615. In case you are finding an easy salary calculator, the average hourly pay of Consumer Loan Collection Manager is $51; the average weekly pay of Consumer Loan Collection Manager is $2,050; the average monthly pay of Consumer Loan Collection Manager is $8,885.
A Consumer Loan Collection Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Consumer Loan Collection Manager earns the most in San Jose, CA, where the annual salary of a Consumer Loan Collection Manager is $133,802.
The highest pay for Consumer Loan Collection Manager is $137,023.
The lowest pay for Consumer Loan Collection Manager is $82,915.
Consumer Loan Collection Manager manages a group of collection supervisors and develops collection strategies to minimize collection portfolio loss. Responsible for initial and ongoing training of all subordinate personnel. Being a Consumer Loan Collection Manager requires a bachelor's degree. Typically reports to top management. The Consumer Loan Collection Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Consumer Loan Collection Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
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.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Loss Mitigation: Loss mitigation is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure. These new terms are typically obtained through loan modification, short sale negotiation, short refinance negotiation, deed in lieu of foreclosure, cash-for-keys negotiation, a partial claim loan, repayment plan, forbearance, or other loan work-out. All of the options serve the same purpose, to stabilize the risk of loss the lender (investor) is in danger of realizing../
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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