Commercial Lender Salary (United States)

Commercial Lenders in the United States usually make around $76,838 annually. Pay starts at $43,104 and can approach $123,503 per year on the higher side. Cash earnings of Commercial Lenders—including $19,923 bonuses, $7,147 profit sharing proceeds, and $39K commissions near the top of the pay scale—stretch from approximately $43,104 to approximately $123,503 depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Almost all workers enjoy medical while most get dental coverage in this occupation. Vision coverage is also available to more than half. Commercial Lenders are largely men, dominating the profession at 80 percent. Most Commercial Lenders like their work and job satisfaction is high. This outline is derived from replies to PayScale's salary survey.
Commercial Lender Salary (?
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.
)
$42,670 - $111,647
(Median)
43K
54K
72K
92K
110K
MEDIAN: $71,591
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Commercial Lender Salary (?
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.
)
$12.58 - $49.66
(Median)
13
22
37
50
MEDIAN: $22.00
10%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$42,670 - $111,647  
   
Bonus
$986 - $19,923  
Profit Sharing
$962 - $7,147  
Commission
$0.00 - $38,783  
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).
)
$43,104 - $123,503  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 558
National Hourly Rate 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$25$50$75
Hourly Rate
$12.58 - $49.66  
   
National Annualized 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
Bonus
$986 - $19,923  
   
Commission
$0.00 - $38,783  
Profit Sharing
$962 - $7,147  
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).
)
$43,104 - $123,503  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 10
Is Commercial Lender your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

Job Description for Commercial Lender

  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.
  • Oversee handling of advances, payments, and wire transfers.
  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.

Commercial Lender Job Listings

Search for more jobs:
job title / company
location

Popular Skills for Commercial Lender

Commercial Lenders report a focused set of job skills. Most notably, skills in Business Development, Financial Analysis, Loan Underwriting, and Sales are correlated to pay that is above average, with boosts of 14 percent, 11 percent, 8 percent, and 8 percent, respectively. Those proficient in Financial Analysis are, more often than not, also skilled in Sales and Business Development. Those who learned Loan Underwriting also tend to know Business Development and Sales.

Pay by Experience Level for Commercial Lender

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.

Pay Difference By Location

Wilmington
up arrow 20%
Houston
up arrow 12%
New Orleans
up arrow 12%
Denver
up arrow 4%
National Average
$77,000
Larger circles over a city indicate a job is popular in that location.
For Commercial Lenders, busy Wilmington offers a higher-than-average pay rate, 20 percent above the national average. Commercial Lenders will also find cushy salaries in New Orleans (+12 percent) and Houston (+12 percent).

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Commercial Lender Salaries

National Average
$77,000

Skills That Affect Commercial Lender Salaries

up arrow 8%
National Average
$77,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 190 votes.

Gender

Female
20%
female alumni
 
Male
80%
male alumni

Years of Experience

Less than 1 year
3%
1-4 years
21%
5-9 years
29%
10-19 years
27%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 78%
vision benefits Vision: 54% employee benefits None: 7%