Entry-Level Loan Officer, Commercial Salary

Median pay for Entry-Level Commercial Loan Officers is around $58K annually. Total cash compensation for Entry-Level Commercial Loan Officers runs from $40K to $87K depending on bonuses that can occasionally exceed $10K and profit sharing that can reach almost $12K. The majority of Entry-Level Commercial Loan Officers claim high levels of job satisfaction. Male Entry-Level Commercial Loan Officers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$39,585 - $80,032
$40K
$58K
$80K
MEDIAN: $58,014
10%
50%
90%

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$13.09 - $27.08
$13
$23
$27
MEDIAN: $22.51
10%
50%
90%

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$0$86K
Salary $39,585 - $80,032
Bonus $1,272 - $10,237
Profit Sharing $515 - $11,635
Commission $1,216 - $19,727
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).
)
$40,298 - $86,591
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 166
Hourly Data $0$34
Hourly Rate $13.09 - $27.08
Overtime $26.00
Annual Data $0$86K
Bonus $1,272 - $10,237
Commission $1,216 - $19,727
Profit Sharing $515 - $11,635
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).
)
$40,298 - $86,591
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 10

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Loan Officer, Commercial Job Listings

Pay Difference by Location

National Average: $58,847

Larger city markers indicate a job is popular in that location.

With a pay rate for Entry-Level Commercial Loan Officers that is 26 percent greater than the national average, Chicago offers a comfortable salary for those in this profession. Los Angeles ranks last in the field for pay, reporting salaries 16 percent below the national average.

Key Stats for Loan Officer, Commercial

Gender

Female
22 %
Male
78 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.
Less than 1 year
5%
1-4 years
69%
5-9 years
26%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Loan Officer, Commercial Salaries

Sales
▲10%

Loan Underwriting
▲9%

Portfolio Management
▲5%

National Average
$59,000

Financial Analysis
▼3%

Business Analysis
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
22 %
Male
78 %

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 61%
no benefits
None: 9%
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