Commercial Loan Officers with Sales skills pull down an average of $73K per year. Individual bonuses, profit sharing and commission for Commercial Loan Officers with Sales skills — as high as $24K, $12K and $52K, respectively — each contribute to the degree of variation within overall compensation, ranging from $51K to $127K. Work is enjoyable for Commercial Loan Officers with Sales skills, who typically claim high levels of job satisfaction. Men make up the vast majority of Commercial Loan Officers with Sales skills (84 percent) who took the survey. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$48,812 - $116,816
(Median)
$49K
$73K
$120K
MEDIAN: $73,190
10%
50%
90%

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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$50K$100K$150K
Salary
$48,812 - $116,816  
   
Bonus
$2,517 - $24,240  
Profit Sharing
$0.00 - $11,792  
Commission
$3,123 - $51,521  
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).
)
$50,558 - $127,298  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 162
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Pay by Experience Level for Loan Officer, Commercial

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Commercial Loan Officers with Sales skills with a lot of experience tend to enjoy higher earnings. Workers in their first five years can expect to earn $65K, but people who have been around for five to 10 years earn a noticeably bigger sum of $84K. Between one and two decades on the job, average salaries pass the six-figure mark at around $102K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $112K on average.

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Experience Affects Loan Officer, Commercial Salaries

Late-Career
up arrow 37%

Experienced
up arrow 25%

Mid-Career
up arrow 2%

National Average
$82,000

Entry-Level
up arrow 20%

Job Satisfaction

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

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
1%
1-4 years
28%
5-9 years
27%
10-19 years
28%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 87%
medical benefits
Vision: 72%
dental benefits
None: 3%
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