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As of August 01, 2026, the average salary for a Lending Manager in Illinois is $103,060 per year, which breaks down to an hourly rate of $50.
However, a Lending Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Lending Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $124,747 | $10,396 | $2,399 | $60 |
| Average | $103,060 | $8,588 | $1,982 | $50 |
| 25th Percentile | $96,511 | $8,043 | $1,856 | $46 |
Confidential - Johnsburg, IL
Valley National Bancorp - Chicago, IL
Confidential - Mount Carmel, IL
Confidential - Chicago, IL
A Lending Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Lending Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Lending Manager | $99,435 |
| Intermediate Level Lending Manager | $99,679 |
| Senior Level Lending Manager | $100,491 |
| Specialist Level Lending Manager | $101,466 |
| Expert Level Lending Manager | $106,887 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Lending Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Lending Manager roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 20% above the average. Conversely, Lending Manager positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Lending Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Business Services | $123,672 | $59.0 | 20% |
Understanding how a Lending Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $124,747 | $10,396 | $2,399 | $60 |
| Average | $103,060 | $8,588 | $1,982 | $50 |
| 25th Percentile | $96,511 | $8,043 | $1,856 | $46 |
Ready to take the next step in your career? Browse thousands of current Lending Manager job openings on our job board. Use the search bar below to find your perfect match.
Evangelical Covenant Church
Chicago, IL
Evangelical Covenant Church | Chicago, IL
Job Description. Job Description. Description. Organizational Overview. National Covenant Properties (NCP) is a $400 million church extension fund, which o... more
7 Days Ago
Confidential
Chicago, IL
Confidential | Chicago, IL
Chief Lending Officer. About the Company. Impact-led financial services organization. Industry. Financial Services. Type. Non Profit. Employees. 201-500. S... more
8 Days Ago
BMO Financial
Chicago, IL
BMO Financial | Chicago, IL
Application Deadline:03/22/2026Address:320 S Canal StreetJob Family Group:Customer Shared ServicesSeeking experienced candidates to join our Leveraged Fina... more
8 Days Ago
Valley National Bancorp
Chicago, IL
Valley National Bancorp | Chicago, IL
Back Lending Specialist #26-220 Chicago, Illinois, United States Apply X Facebook LinkedIn Email Copy Job OverviewAt Valley Bank, we believe in people's gr... more
8 Days Ago
Farm Credit Illinois
Taylorville, IL
Farm Credit Illinois | Taylorville, IL
Assistant Vice President and Vice President of Lending. Farm Credit Illinois (FCI) is an agricultural financial cooperative owned by more than 17,400 farme... more
8 Days Ago
Alliant Credit Union
Chicago, IL
Alliant Credit Union | Chicago, IL
Job Description. Job Description. This is a hybrid role based at our Chicago Headquarters. The Director of Unsecured Lending Products is a highly visible l... more
8 Days Ago
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