Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Commercial Lenders, experience in the field tends to play a major role in salary negotiations; pay increases with more experience. Workers new to the field can expect to earn $55K, increasing to $77K after five to 10 years. Between 10 and 20 years, pay reaches $100K. A 20-year tenure heralds decreased salary growth, and Commercial Lenders who have made it this far report earning around $105K per year. 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, and senior people with more than 20 years under their belt fill out the remaining 19 percent. More than half of the workforce has between one and nine years of experience.