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Assistant Vice President (AVP), Commercial Lending Salary

Assistant VPs of Commercial Lending in the United States take home approximately $70K per year on average. Total cash compensation for Assistant VPs of Commercial Lending runs from $47K to $107K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $9K. Residence and career duration each impact pay for this group, with the former having the largest influence. Most people who answered the questionnaire are men; 65 percent of Assistant VPs of Commercial Lending are male. Almost all claim medical and dental insurance and the larger part get vision coverage. The majority of workers are highly satisfied with their job. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$44,162 - $93,027
(Median)
$44K
$70K
$93K
MEDIAN: $70,077
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$44,162 - $93,027  
   
Bonus
$302.01 - $20,307  
Profit Sharing
$925 - $8,500  
Commission
$2,023 - $15,170  
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).
)
$46,756 - $106,928  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 288

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United States (change)


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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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Assistant VPs of Commercial Lending' salaries may rise greatly for those who assume a higher-end position such as a VP of Finance. The average VP of Finance brings home $136K per year. It is quite typical for Assistant VPs of Commercial Lending to transition into roles as VPs of Commercial Lending or Commercial Lenders, where reported median earnings are $18K and $1K higher per year.

Assistant Vice President (AVP), Commercial Lending Job Listings

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


Assistant VPs of Commercial Lending typically list a handful of skills they use 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 14 percent. The majority of those who know Financial Analysis also know 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.


Although individuals who have less than five years' experience earn $71K on average, people with five to 10 years benefit from a notably larger average of $80K. People with 10 to 20 years of experience make an average of about $73K in this role. Old hands who claim more than two decades on the job enjoy average earnings of $76K.

Pay Difference by Location


San Jose offers some of the highest pay in the country for Assistant VPs of Commercial Lending, 25 percent above the national average. Assistant VPs of Commercial Lending will also find cushy salaries in New York (+20 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.

Related Job Salaries

United States (change)

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


Late-Career
up arrow 1%

National Average
$75,000



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

Sales
up arrow 14%

Customer Relationship Management (CRM)
up arrow 10%


Commercial Loans
up arrow 4%

Loan Underwriting
up arrow 3%

National Average
$75,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
0%
1-4 years
27%
5-9 years
43%
10-19 years
22%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 86%
vision benefits Vision: 68% employee benefits None: 6%
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