Entry-Level Loan Officer, Commercial Salary

The average Entry-Level Commercial Loan Officer earns approximately $57K per year. Overall incomes of Entry-Level Commercial Loan Officers — including $10K bonuses, $12K profit sharing proceeds, and $20K commissions on the more lucrative end — generally ranges between $40K and $87K. The vast majority (84 percent) of Entry-Level Commercial Loan Officers who answered the questionnaire are male. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. This snapshot results from replies to PayScale's salary survey.

$39,755 - $79,327
$40K
$57K
$79K
MEDIAN: $56,597
10%
50%
90%

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$20.07 - $24.13
$23
MEDIAN: $22.94
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
$39,755 - $79,327  
   
Bonus
$1,030 - $10,161  
Profit Sharing
$1,453 - $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).
)
$40,378 - $86,675  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 170
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
$22.94  
   
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
$1,030 - $10,161  
   
Commission
$1,216 - $19,727  
Profit Sharing
$1,453 - $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).
)
$40,378 - $86,675  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 8

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Pay Difference by Location

National Average: $57,535

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

Chicago offers some of the highest pay in the country for Entry-Level Commercial Loan Officers, 29 percent above the national average. Trailing the national average by 14 percent, Los Angeles is the market with the smallest paychecks.

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
70%
5-9 years
24%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Loan Officer, Commercial Salaries

Loan Underwriting
▲12%

Sales
▲12%

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: 91%
dental benefits
Dental: 79%
vision benefits
Vision: 56%
no benefits
None: 8%