Entry-Level Loan Officer, Commercial Salary

Entry-Level Commercial Loan Officers can expect to earn an average of $56K per year. Cash earnings of Entry-Level Commercial Loan Officers — including $10K in bonuses, $6K in profit sharing proceeds, and $19K in commissions near the top of the pay scale — stretch from approximately $40K to approximately $87K depending on individual performance. The majority of Entry-Level Commercial Loan Officers claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. The vast majority of Entry-Level Commercial Loan Officers (84 percent) survey respondents are men. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$39,900 - $79,031
$40K
$56K
$79K
MEDIAN: $56,282
10%
50%
90%

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$20.00 - $24.37
$23
MEDIAN: $23.21
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$39,900 - $79,031  
   
Bonus
$983 - $10,000  
Profit Sharing
$1,396 - $6,219  
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).
)
$40,492 - $86,617  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 176
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$23.21  
   
Overtime
$25.55  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$983 - $10,000  
   
Commission
$1,237 - $19,392  
Profit Sharing
$1,396 - $6,219  
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).
)
$40,492 - $86,617  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 7

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Pay Difference by Location

National Average: $57,854

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

For Entry-Level Commercial Loan Officers, busy Chicago offers a higher-than-average pay rate, 29 percent above the national average. Los Angeles ranks last in the field for pay, reporting salaries 15 percent below the national average.

Key Stats for Loan Officer, Commercial

Gender

Female
16 %
Male
84 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.
Less than 1 year
6%
1-4 years
72%
5-9 years
22%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Loan Officer, Commercial Salaries

Sales
▲13%

Loan Underwriting
▲10%

Portfolio Management
▲8%

Financial Analysis
▼0%

National Average
$58,000

Business Analysis
▼3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
16 %
Male
84 %

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 80%
vision benefits
Vision: 58%
dental benefits
None: 8%
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