Commercial Lender Salary (United States)

Commercial Lenders in the United States usually make around $76,838 annually. Compensation ranges from $43,104 on the low end to $123,503 per year on the high end. In the world of Commercial Lenders, total cash compensation ranges from $42,670 on the lower end to $111,647 on the higher end; this includes bonuses that peak near $19,923 and profit sharing that approaches $7,147, with some high rollers snagging commissions as high as $39K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. The majority in this profession are lucky enough to receive benefits; the vast majority get medical and dental insurance, and more than half get vision plans, too. Commercial Lenders are largely men, dominating the profession at 80 percent. Job satisfaction is reported as high by the vast majority of workers. The figures in this overview are derived from responses to the PayScale 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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 10
Is Commercial Lender your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

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

Survey takers who work as 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. Most people familiar with Loan Underwriting also know Business Development and Sales. Most people who know Financial Analysis also know Sales and Business Development.

Pay by Experience Level for Commercial Lender

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.

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

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