Assistant Vice President (AVP), Commercial Lending Salary

Assistant VPs of Commercial Lending in the United States can expect to earn an average of $71K per year. Total cash compensation to Assistant VPs of Commercial Lending approaches anywhere from $47K on the lower end to $107K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $10K from profit sharing. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Most Assistant VPs of Commercial Lending like their work and job satisfaction is high. Men make up the majority of Assistant VPs of Commercial Lending (61 percent) survey respondents. Almost all get medical and dental insurance, and the greater part get vision plans, too. Participants in PayScale's salary questionnaire provided the particulars of this report.

$44,425 - $92,919
(Median)
$44K
$71K
$93K
MEDIAN: $70,539
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
$44,425 - $92,919  
   
Bonus
$250.00 - $20,112  
Profit Sharing
$850 - $9,826  
Commission
$2,056 - $15,260  
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).
)
$47,132 - $106,745  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 282
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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 may progress into high-paying roles like VP of Finance, where median compensation is $136K annually. It is not uncommon for an Assistant Vice President of Commercial Lending to continue on to become a VP of Commercial Lending or a Commercial Lender.

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


Assistant VPs of Commercial Lending who responded to the survey report just a handful of professional skills. Most notably, skills in Sales, Customer Relationship Management, Financial Analysis, and Commercial Loans are correlated to pay that is above average, with boosts between 4 percent and 13 percent. Most people skilled in Financial Analysis are similarly competent 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.


Salaries of relatively inexperienced workers fall in the neighborhood of $71K, but folks who have racked up five to 10 years see a notably higher median of $79K. Assistant VPs of Commercial Lending who work for 10 to 20 years in their occupation tend to earn about $75K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $77K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location


With a pay rate for Assistant VPs of Commercial Lending that is 24 percent greater than the national average, San Jose offers a comfortable salary for those in this profession. Assistant VPs of Commercial Lending will also find cushy salaries in New York (+18 percent) and Chicago (+12 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 1%

National Average
$76,000



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

Sales
up arrow 13%

Customer Relationship Management (CRM)
up arrow 9%

Financial Analysis
up arrow 4%

Commercial Loans
up arrow 3%

Loan Underwriting
up arrow 2%

National Average
$76,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
0%
1-4 years
26%
5-9 years
40%
10-19 years
23%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 88%
vision benefits Vision: 69% employee benefits None: 5%
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