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As of August 01, 2026, the average salary for a Lending Manager in Minnesota is $103,465 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 | $125,237 | $10,436 | $2,408 | $60 |
| Average | $103,465 | $8,622 | $1,990 | $50 |
| 25th Percentile | $96,890 | $8,074 | $1,863 | $47 |
Bank Midwest - Jackson, MN
Confidential - Minneapolis, MN
MidCountry Bank - Minneapolis, MN
Professional Partners Group - Minneapolis, MN
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 | $99,825 |
| Intermediate Level Lending Manager | $100,070 |
| Senior Level Lending Manager | $100,885 |
| Specialist Level Lending Manager | $101,864 |
| Expert Level Lending Manager | $107,307 |
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 | $124,158 | $60.0 | 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 | $125,237 | $10,436 | $2,408 | $60 |
| Average | $103,465 | $8,622 | $1,990 | $50 |
| 25th Percentile | $96,890 | $8,074 | $1,863 | $47 |
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.
Confidential
Worthington, MN
Confidential | Worthington, MN
Vice President of Lending. About the Company. Well-established credit union. Industry. Financial Services. Type. Non Profit. Founded. 1986. Employees. 11-5... more
7 Days Ago
Confidential
Minneapolis, MN
Confidential | Minneapolis, MN
Vice President, Commercial Lending. About the Company. A banking team focused on commercial lending, business relationships, and portfolio growth. Industry... more
7 Days Ago
Affinity Plus Federal Credit Union
Saint Paul, MN
Affinity Plus Federal Credit Union | Saint Paul, MN
Member Consultant. At Affinity Plus every employee understands how their work affects our members experience and we strive to provide an experience that ca... more
7 Days Ago
Confidential
Minneapolis, MN
Confidential | Minneapolis, MN
Vice President, Commercial Lending. About the Company. A community-focused bank supporting local companies with tailored lending and banking solutions. Ind... more
10 Days Ago
Compeer Financial
Worthington, MN
Compeer Financial | Worthington, MN
Sales Associate Ag Lending. Empowered to live. Inspired to work. Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wiscons... more
10 Days Ago
Latino Economic Development Center
Saint Paul, MN
Latino Economic Development Center | Saint Paul, MN
Job Description. Job Description. Support Latino entrepreneurs in starting, growing, and sustaining successful businesses. The Latino Economic Development ... more
7 Days Ago
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