Assistant Vice President (AVP), Commercial Lending Salary

Average Assistant VPs of Commercial Lending in the United States make around $71K annually. Cash earnings for Assistant VPs of Commercial Lending — including $20K in bonuses and $7K in profit sharing proceeds near the top of the pay scale — generally stretch from $47K to $108K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Nearly all receive medical and dental insurance and the larger part get vision plans. The majority of Assistant VPs of Commercial Lending (61 percent) survey respondents are male. The majority of Assistant VPs of Commercial Lending claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

$45,136 - $93,284
(Median)
$45K
$71K
$93K
MEDIAN: $71,035
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$45,136 - $93,284  
   
Bonus
$28.36 - $20,426  
Profit Sharing
$970 - $7,255  
Commission
$9,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$46,607 - $108,001  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 290
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Job Description for Assistant Vice President (AVP), Commercial Lending

Assistant vice presidents of commercial lending are responsible for managing numerous complex commercial loan portfolios, overseeing details such as credit quality, credit administration, and portfolio performance. They are in charge of the approval or denial of loans, as well as reviewing the loan recommendations of others. Assistant vice presidents of commercial lending must develop and markets new business and be involved with community relations activities. Additionally, these executives are responsible for training new employees, interviewing loan applicants to determine client needs, and making recommendations of services to meet customers' needs. They also manage assigned loan portfolios to ensure credit quality and develop new business through marketing calls, community involvement, and industry functions, as well as providing excellent customer service to clients.

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Assistant Vice President (AVP), Commercial Lending Tasks

  • Report on loan portfolio, identifying problems and opportunities.
  • Analyze customer and prospective customer financials to make recommendations.
  • Contribute to loan policy revisions and changes.
  • Build and strengthen customer relations and broaden customer base.
  • Provide customer service for current customers, answering questions.

Common Career Paths for Assistant Vice President (AVP), Commercial Lending


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As Assistant VPs of Commercial Lending transition into upper-level roles such as VP of Finance, they may see a strong upturn in salary. VPs of Finance earn $137K on average per year. Becoming a VP of Commercial Lending or a Commercial Lender is often the next step for an Assistant Vice President of Commercial Lending.

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Popular Skills for Assistant Vice President (AVP), Commercial Lending


Assistant VPs of Commercial Lending report using a pretty varied skill set on the job. Most notably, skills in Sales, Customer Relationship Management, Financial Analysis, and Commercial Loans are correlated to pay that is above average, with boosts between 5 percent and 13 percent. Those proficient in Financial Analysis are, more often than not, also skilled in Commercial Loans.

Pay by Experience Level for Assistant Vice President (AVP), Commercial Lending

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $71K, but people who have been around for five to 10 years earn a noticeably bigger sum of $80K. After working for 10 to 20 years, Assistant VPs of Commercial Lending make a median salary of $77K. Old hands who claim more than two decades on the job enjoy average earnings of $79K.

Pay Difference by Location

National Average: $76,320

Larger city markers indicate a job is popular in that location.

San Jose is home to an above-average pay rate for Assistant VPs of Commercial Lending, 23 percent higher than the national average. Assistant VPs of Commercial Lending will also find cushy salaries in New York (+18 percent) and Chicago (+11 percent).

Assistant Vice President (AVP), Commercial Lending Reviews

What is it like working as an Assistant Vice President (AVP), Commercial Lending?

Assistant Vice President (AVP), Commercial Lending in New York:
Pros: The people I work with and the subject matter of my job.
Cons: Not enough stimulating work, too much administrative type work, lack of contact with anyone on my team in person.

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Experience Affects Assistant Vice President (AVP), Commercial Lending Salaries


Late-Career
up arrow 4%


National Average
$76,000


Skills That Affect Assistant Vice President (AVP), Commercial Lending Salaries

Sales
up arrow 13%

Customer Relationship Management (CRM)
up arrow 8%


Commercial Loans
up arrow 3%

Loan Underwriting
up arrow 2%

National Average
$76,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
1%
1-4 years
27%
5-9 years
40%
10-19 years
23%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 88%
medical benefits
Vision: 67%
dental benefits
None: 5%
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