Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many but not all Commercial Lenders, a key factor in salary decisions is experience; more experience generally yields higher pay. Though starting salaries approximate $55K, they climb to $77K after five to 10 years. Those who spend a decent amount of time in this profession—one to two decades—usually make about $100K. Commercial Lenders who stay in the field for several decades see their salaries grow less quickly after 20 years, with incomes eventually hovering around $105K. Experienced employees who have 10-20 years of experience make up 27 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining about one-fifth. Most employees in this workforce have between one and nine years of experience; more than half of those surveyed fall within this distribution.