Entry-Level Loan Officer, Commercial Salary

Earnings for Entry-Level Commercial Loan Officers come in at around $58K per year on average. Cash earnings for Entry-Level Commercial Loan Officers — which occasionally include more than $10K from bonuses and more than $12K from profit sharing — stretch from around $40K to approximately $87K. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most workers in this position report high levels of job satisfaction. Making up 78 percent of those who took the survey, male Entry-Level Commercial Loan Officers greatly outnumber their female counterparts. This report is based on answers to PayScale's salary questionnaire.

$39,634 - $80,562
$40K
$59K
$81K
MEDIAN: $58,711
10%
50%
90%

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$13.18 - $26.89
$13
$21
$27
MEDIAN: $20.65
10%
50%
90%

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$0$86K
Salary $39,634 - $80,562
Bonus $1,030 - $10,850
Profit Sharing $250.00 - $9,000
Commission $1,237 - $19,392
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).
)
$40,140 - $86,589
  • Country: United States
  • Currency: USD
  • Updated: 18 Sep 2017
  • Individuals Reporting: 168
Hourly Data $0$34
Hourly Rate $13.18 - $26.89
Overtime $26.45
Annual Data $0$86K
Bonus $1,030 - $10,850
Commission $1,237 - $19,392
Profit Sharing $250.00 - $9,000
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).
)
$40,140 - $86,589
  • Country: United States
  • Currency: USD
  • Updated: 18 Sep 2017
  • Individuals Reporting: 11

Find Out Exactly What You Should Be Paid

United States (change)

Loan Officer, Commercial Job Listings

Pay Difference by Location

National Average: $59,999

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

Surpassing the national average by 27 percent, Entry-Level Commercial Loan Officers in Chicago receive some of the highest pay in the country. Los Angeles is home to the smallest salaries in the field, lagging the national average by 16 percent.

Key Stats for Loan Officer, Commercial

Gender

Female
20 %
Male
80 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
Less than 1 year
4%
1-4 years
70%
5-9 years
25%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Loan Officer, Commercial Salaries

Sales
▲8%

Loan Underwriting
▲7%

Portfolio Management
▲3%

National Average
$60,000

Financial Analysis
▼4%

Business Analysis
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
20 %
Male
80 %

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 82%
vision benefits
Vision: 63%
no benefits
None: 8%
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