Loans Manager Salary in Lowell, MA

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What is the salary range of Loans Manager?

As of December 01, 2024, the average annual pay of Loans Manager in Lowell, MA is $192,345. While Salary.com is seeing that Loans Manager salary in Lowell, MA can go up to $238,734 or down to $132,027, but most earn between $160,773 and $216,627. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in the United States.

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Salary range for a Loans Manager
$160,773 to $216,627
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What is a Loans Manager?

The Loans Manager is responsible for overseeing the loan department of a financial institution, including managing a team of loan officers and ensuring that loan applications are processed efficiently and accurately. They are also responsible for developing and implementing loan policies and procedures, as well as ensuring compliance with all relevant regulations and guidelines. The Loans Manager is also involved in evaluating loan applications, making lending decisions, and monitoring the performance of the loan portfolio. Additionally, they may be responsible for developing and maintaining relationships with clients and promoting loan products and services to potential customers. Overall, the Loans Manager plays a crucial role in the success of the loan department and the overall financial institution.

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Loans Manager Salary By Experience Levels in Lowell, MA

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Loans Manager Salary By Level of Education in Lowell, MA

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Loans Manager in Lowell, MA

Average Base Salary

Core compensation

 
 
 
160773
216627
192345

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
177085
268543
219151
What is the average salary for Loans Manager in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in Lowell, MA. The base salary for Loans Manager ranges from $160,773 to $216,627 with the average base salary of $192,345. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $177,085 to $268,543 with the average total cash compensation of $219,151.

View Average Salary for Loans Manager as table

Average Salary Average Salary Range
Base Salary $192,345 $160,773 - $216,627
Bonus $26,806 $16,312 - $51,916
Total Pay $219,151 $177,085 - $268,543
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Loans Manager Salary Near Lowell, MA

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Lowell, MA
CITY, STATE Medford, MA AVERAGE SALARY RANGE $166,033 - $223,715 COMPARE TO Lowell, MA
CITY, STATE Methuen, MA AVERAGE SALARY RANGE $157,383 - $212,060 COMPARE TO Lowell, MA
CITY, STATE Lawrence, MA AVERAGE SALARY RANGE $157,383 - $212,060 COMPARE TO Lowell, MA
CITY, STATE Newton, MA AVERAGE SALARY RANGE $166,033 - $223,715 COMPARE TO Lowell, MA
CITY, STATE Nashua, NH AVERAGE SALARY RANGE $159,741 - $215,237 COMPARE TO Lowell, MA
CITY, STATE Salem, NH AVERAGE SALARY RANGE $157,383 - $212,060 COMPARE TO Lowell, MA
See salaries for Loans Manager in locations close to Lowell, MA. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

View Salary for Similar Jobs to Loans Manager in Lowell, MA

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JOB TITLE Specialist I - Mortgage Loans LOCATION Lowell, MA MINIMUM SALARY $46,690 MAXIMUM SALARY $63,290
JOB TITLE Specialist II - Mortgage Loans LOCATION Lowell, MA MINIMUM SALARY $63,090 MAXIMUM SALARY $85,690
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Lowell, MA MINIMUM SALARY $46,700 MAXIMUM SALARY $63,300
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The Loans Manager job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Lowell, MA that might be a good fit for the type of job and salary you are looking for.

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160773
216627

 

About Lowell, Massachusetts    Lowell is a city in the U.S. Commonwealth of Massachusetts. Located in Middlesex County, Lowell (along with Cambridge) was a county seat until Massach....More

Lowell, Massachusetts  area prices were up 1.6% from a year ago

Loans Manager Salary in popular cities: Boston, Worcester, Springfield

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role