Loans Manager Salary in Rochester, MN

Didn't find your job?
Click

How much does a Loans Manager make in Rochester, MN?

As of April 01, 2025, the average annual salary for a Loans Manager in Rochester, MN is $178,100. Salary.com reports that pay typically ranges from $148,859 to $200,589, with most professionals earning between $122,237 and $221,064.

Search Loans Manager Jobs in Rochester, MN

Develop a Job description
Pay Equity
2024 Compensation Trend
Benefits Consulting
Salary range for a Loans Manager
$148,859 to $200,589
Employers: Find Surveys For This Job
Employers: Price Your Company Jobs
download asset banner
Facing Salary Structure Challenges? Let Our Expert Guide You
The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.
We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

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.

See user submitted job responsibilities for Loans Manager.

Search Loans Manager Job Openings

Job Openings for Loans Manager in Rochester, MN
Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Loans Manager Salary By Experience Levels in Rochester, MN

How much should you be earning in Loans Manager in Rochester, MN based on your current experience?
Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Loans Manager in Rochester, MN

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 Rochester, MN

Do you know how much should you be paid for a Loans Manager position in Rochester, MN based on your education level?
Tell us about your education and see an estimate of earnings for Loans Manager in Rochester, MN and well to know the impact of education on future careers.

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 Rochester, MN

Average Base Salary

Core compensation

 
 
 
148859
200589
178100

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
163960
248664
202921
What is the average salary for Loans Manager in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in Rochester, MN. The base salary for Loans Manager ranges from $148,859 to $200,589 with the average base salary of $178,100. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $163,960 to $248,664 with the average total cash compensation of $202,921.

View Average Salary for Loans Manager as table

Average Salary Average Salary Range
Base Salary $178,100 $148,859 - $200,589
Bonus $24,822 $15,101 - $48,075
Total Pay $202,921 $163,960 - $248,664
* 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 Rochester, MN

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Rochester, MN
CITY, STATE Lakeville, MN AVERAGE SALARY RANGE $154,428 - $208,092 COMPARE TO Rochester, MN
CITY, STATE Burnsville, MN AVERAGE SALARY RANGE $154,962 - $208,812 COMPARE TO Rochester, MN
CITY, STATE La Crosse, WI AVERAGE SALARY RANGE $139,698 - $188,243 COMPARE TO Rochester, MN
CITY, STATE Saint Paul, MN AVERAGE SALARY RANGE $155,408 - $209,413 COMPARE TO Rochester, MN
CITY, STATE Eau Claire, WI AVERAGE SALARY RANGE $143,009 - $192,705 COMPARE TO Rochester, MN
CITY, STATE Eden Prairie, MN AVERAGE SALARY RANGE $155,140 - $209,053 COMPARE TO Rochester, MN
See salaries for Loans Manager in locations close to Rochester, MN. 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 Rochester, MN

See Additional Similar Jobs
Loading results...
JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Underwriting Manager - Mortgage Loans LOCATION Rochester, MN MINIMUM SALARY $104,100 MAXIMUM SALARY $119,600
JOB TITLE Processing Manager - Mortgage Loans LOCATION Rochester, MN MINIMUM SALARY $82,800 MAXIMUM SALARY $105,100
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Rochester, MN MINIMUM SALARY $44,400 MAXIMUM SALARY $55,700
JOB TITLE Specialist I - Mortgage Loans LOCATION Rochester, MN MINIMUM SALARY $44,390 MAXIMUM SALARY $55,690
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Rochester, MN MINIMUM SALARY $59,200 MAXIMUM SALARY $70,200
JOB TITLE Specialist II - Mortgage Loans LOCATION Rochester, MN MINIMUM SALARY $59,190 MAXIMUM SALARY $70,190
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 Rochester, MN that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

148859
200589

 

About Rochester, Minnesota    Rochester is a city founded in 1854 in the U.S. State of Minnesota and is the county seat of Olmsted County located on the Zumbro River's south fork i....More

Rochester, Minnesota  area prices were up 1.3% from a year ago

Loans Manager Salary in popular cities: Minneapolis, Saint Paul, Duluth

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