Loan Consultant Salary

Average Yearly Salary
Updated May 19, 2020
Min 10%
Median 50%
Max 90%
Best Paying Company
McKinsey & Company
Highest Paying City
New York, NY
Highest Paying State
New York
Average Experience Level
2.3 years
How much does a loan consultant make?
Loan Consultants in America make an average salary of $42,145 per year or $20.26 per hour. There is a huge gap between the top 10 percent earners and the bottom 10 percent earners -- about 28,000. The top 10 percent earn over $58,000, while the bottom 10 percent make less than $30,000 annually. Finance companies and Construction companies are the best when it comes to the number of employment opportunities. The best states for high paying Loan Consultant jobs are New York, Pennsylvania, New Jersey, Delaware, and Oregon. Most Loan Consultants spend 2.3 years in the position.
Annual Salaries For Related Jobs

Average Loan Consultant Salary By Location

As a Loan Consultant in the U.S., you can expect to earn on average $42,145 per year or $20.26 per hour. Loan Consultants make the most in New York, NY at about $52,353 per year. Not only that, New York, NY also has an average entry-level salary of $31,000. New York, Pennsylvania, New Jersey, Delaware, and Oregon are the top 5 highest earning states for Loan Consultants. The lowest earning states are Missouri, Oklahoma, Colorado, Mississippi, and North Dakota.

Map of Loan Consultant Salaries

The darker areas on the map show where Loan Consultants earn the highest salaries across all 50 states.

Average Salary:

Average Loan Consultant Salary By Company

Like every industry, there is a range of salaries a Loan Consultant makes. Most Loan Consultant jobs are in Finance companies and Finance companies. The two companies that report the highest salaries for Loan Consultants are McKinsey & Company and City National Bank. In addition, companies like loanDepot and Wells Fargo report highly competitive salaries for Loan Consultants.

Loan Consultant Salary History

Compare salaries for individual cities or states with the national average.

National Average
Ashburn, VA

Loan Consultant Salary By Experience Level

The salary for a Loan Consultant can range from $28,200 to $79,960 depending on the amount of work experience that the person has. Data on how experience level affects salary is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

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