How much does a SBA Banking Manager make in Massachusetts? The average SBA Banking Manager salary in Massachusetts is $140,302 as of March 26, 2024, but the range typically falls between $107,047 and $176,882. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile SBA Banking Manager Salary | $76,771 | MA | March 26, 2024 |
25th Percentile SBA Banking Manager Salary | $107,047 | MA | March 26, 2024 |
50th Percentile SBA Banking Manager Salary | $140,302 | MA | March 26, 2024 |
75th Percentile SBA Banking Manager Salary | $176,882 | MA | March 26, 2024 |
90th Percentile SBA Banking Manager Salary | $210,187 | MA | March 26, 2024 |
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SBA Banking Manager manages a team of lending officers that generate Small Business Administration (SBA) government-guaranteed loans and lines of credit. Develops relationships with a network of financial professionals and other referral sources to identify prospects. Being a SBA Banking Manager engages with clients to ensure their ongoing needs are addressed and to understand the broader needs of the small business community in the region. Regularly monitors and reviews the current SBA loan portfolio to identify issues. Additionally, SBA Banking Manager maintains an up-to-date knowledge of SBA products, rules, and regulations. Establishes operational processes that conform with SBA SOP guidelines. Provides coaching, training, and development opportunities for banking officers on the team. Requires a bachelor's degree in finance, business or equivalent. Typically reports to a director. The SBA Banking Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a SBA Banking Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Attleboro, MA | Avg. Salary $135,272 | Date Updated March 26, 2024 |
Location Barnstable, MA | Avg. Salary $136,691 | Date Updated March 26, 2024 |
Location Fitchburg, MA | Avg. Salary $137,465 | Date Updated March 26, 2024 |
Location Hyannis, MA | Avg. Salary $136,175 | Date Updated March 26, 2024 |
Location Leominster, MA | Avg. Salary $135,788 | Date Updated March 26, 2024 |
Location Malden, MA | Avg. Salary $144,557 | Date Updated March 26, 2024 |
Location Methuen, MA | Avg. Salary $137,723 | Date Updated March 26, 2024 |
Location Newton, MA | Avg. Salary $144,557 | Date Updated March 26, 2024 |
Location Revere, MA | Avg. Salary $144,557 | Date Updated March 26, 2024 |
Location Weymouth, MA | Avg. Salary $140,818 | Date Updated March 26, 2024 |
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For SBA Banking Manager, the first career path typically progresses to Construction Loan Manager.
Additionally, the second career path typically starts with a Vice President of Lending position, and then progresses to Chief Lending Officer.
Salary.com's CompAnalyst platform offers:
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Jobs with different levels of education may pay very differently. Check the SBA Banking Manager salary of your education level.
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About Massachusetts Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an are....More
Skills associated with SBA Banking Manager: Loan Software, Specialty Lending, Loan Portfolio Management, Loan Underwriting ...More
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