Assistant Vice President (AVP), Commercial Lending Salary

Assistant VPs of Commercial Lending in the United States can expect wages of $72K per year on average. Final cash compensation to Assistant VPs of Commercial Lending varies from around $51K to approximately $103K; choice pay grades include potential for bonuses and profit sharing as high as $18K and $12K, respectively. Geography and years of experience each impact pay for this group, with the former having the largest influence. The majority of Assistant VPs of Commercial Lending claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Generally, women make up less than a third of all Assistant VPs of Commercial Lending who answered the questionnnaire. This report is based on answers to PayScale's salary questionnaire.

$51,767 - $90,215
$52K
$72K
$90K
MEDIAN: $72,103
10%
50%
90%

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$18.30 - $22.95
$19
MEDIAN: $18.90
50%

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$0$103K
Salary $51,767 - $90,215
Bonus $1,462 - $18,246
Profit Sharing $2,013 - $12,416
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).
)
$51,396 - $103,100
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 100
Hourly Data $0$45
Hourly Rate $18.90
Overtime $45.00
Annual Data $0$103K
Bonus $1,462 - $18,246
Profit Sharing $2,013 - $12,416
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).
)
$51,396 - $103,100
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 5

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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

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

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


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At the upper end, Assistant VPs of Commercial Lending who move into a VP of Finance role can end up with a hefty increase in pay. The average income for VPs of Finance is a much higher $139K per year. Assistant VPs of Commercial Lending moving up in their careers tend to step into positions as VPs of Commercial Lending or Commercial Lenders. The median paychecks in those roles are $20K higher and $2K higher, respectively.

Assistant Vice President (AVP), Commercial Lending Job Listings

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


Survey results show that Assistant VPs of Commercial Lending use a fair number of skills. Most notably, skills in Sales, Customer Relationship Management, Financial Analysis, and Commercial Loans are correlated to pay that is above average. The majority of those who know Commercial Loans also know Loan Underwriting.

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

Pay by Experience for an Assistant Vice President (AVP), Commercial Lending has a positive trend. An entry-level Assistant Vice President (AVP), Commercial Lending with less than 5 years of experience can expect to earn an average total compensation of $69,000 based on 50 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Vice President (AVP), Commercial Lending with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $78,000 based on 49 salaries. An experienced Assistant Vice President (AVP), Commercial Lending which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $81,000 based on 25 salaries. An Assistant Vice President (AVP), Commercial Lending with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $78,000 based on 8 salaries.

Pay Difference by Location

National Average: $75,434

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

For Assistant VPs of Commercial Lending, busy New York offers a higher-than-average pay rate, 34 percent above the national average. Assistant VPs of Commercial Lending will also find cushy salaries in Chicago (+27 percent), San Jose (+24 percent), Dallas (+23 percent), and Los Angeles (+8 percent).

Assistant Vice President (AVP), Commercial Lending Reviews

Q: 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.

Related Job Salaries

Key Stats for Assistant Vice President (AVP), Commercial Lending

Gender

Female
30 %
Male
70 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.
1-4 years
30%
5-9 years
38%
10-19 years
26%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

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

▲8%

▲4%

Late-Career
▲3%

National Average
$75,000

▼8%

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

Sales
▲14%

Customer Relationship Management (CRM)
▲10%


Commercial Loans
▲1%


National Average
$75,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

1-4 years
30%
5-9 years
38%
10-19 years
26%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 83%
vision benefits
Vision: 71%
no benefits
None: 9%
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