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Loan Manager Salary
in Chicago, Illinois

$102,140 (USD)

Average Salary


Average Hourly


Average Bonus

Last updated: May 20, 2019

Salary Recap

The average pay for a Loan Manager is $102,140 a year and $49 an hour in Chicago, Illinois, United States. The average salary range for a Loan Manager is between $71,801 and $126,665. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

Scroll for Salary Potential, Education and Skills

Job Summary

  • Manages consumer loan department of a financial institution providing services including vehicle loans, personal or unsecured lines of credit, home improvement and home equity loans, student loans, credit cards, etc.
  • Coordinates activities to implement institution's consumer loan policies, procedures, and practices concerning granting or extending lines of credit and loan activities.
  • Develops or approves consumer lending policies and interest rate structures.
  • NOTE: ERI's findings based on asset size.
Loan Manager Job Prevalence in Chicago, Illinois, United States

Job family: Financial Managers

Job family population: 569,380

Estimated population of Loan Manager jobs: 1,691

Rate of error: 0.6%

Salary Potential

Estimated salary in 2024:
5 Year Change:
16 %


Education data not available for this job


Skills data not available for this job

Loan Manager Job Listings for Chicago, Illinois

Sr. Mortgage Loan Originator / Branch Manager
May 15
Chicago, IL, USA
Dunson & Associates, Inc.
Sr. Mortgage Loan Originator(s) / Branch Manager(s) / Mortgage Origination Teams **Please read and comply with submission requests." We build top talented teams to enhance and create next level ...
Sr. Mortgage Loan Originator / Branch Manager
Apr 8
Chicago, USA
Job Juncture, Inc.
Love your job! Sr. Mortgage Loan Originator(s) / Branch Manager(s) / Mortgage Origination Teams Our client builds top talented teams to enhance and create next level solutions for operations ...
Mortgage Loan Processor
May 6
Chicago, IL, USA
StaffLINK Consulting
The Loan Manager will process loans in a timely and efficient manner to ensure a clean approval and a timely closing. The Loan Manager will work directly with Production Associate or Loan Officer and ...
Outside Mortgage Loan Officer / Branch Manager Opportunity
Feb 19
Chicago, IL, USA
American Residential Lending
Everything is available on the go ● Technology includes MLO web pages, online loan apps, customer doc portals, mortgage trigger monitoring, Sure Fire CRM, Cloud Based Resource Center, automated ...
Senior Relationship Manager, Franchise Finance-Food & Beverage Middle Market Commercial Banking
May 16
Chicago, United States
Capital One
Makes habitual calls on prospective clients in order to generate high-quality new loan, deposit ... management objectives. * Convene with customers through personal calling efforts, branch referrals ...
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