Entry-Level Commercial Loan Officers can expect wages of $58K annually on average. Including potential for bonuses, profit sharing and commission — peaking near $10K, $6K, and $20K, respectively — total cash payment to Entry-Level Commercial Loan Officers can bottom out near $42K or top out at around $87K. Men account for the majority of Entry-Level Commercial Loan Officers who responded to the questionnaire — 82 percent to be exact. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. Most Entry-Level Commercial Loan Officers like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$41,282 - $79,412
(Median)
$41K
$58K
$79K
MEDIAN: $57,576
10%
50%
90%

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$13.23 - $23.62
(Median)
$
$22
$
MEDIAN: $21.00
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
$41,282 - $79,412  
   
Bonus
$993 - $10,067  
Profit Sharing
$1,396 - $6,492  
Commission
$1,226 - $19,574  
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).
)
$41,716 - $86,562  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 173
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
$21.50  
   
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
$993 - $10,067  
   
Commission
$1,226 - $19,574  
Profit Sharing
$1,396 - $6,492  
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).
)
$41,716 - $86,562  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8
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Pay Difference by Location

National Average: $58,707

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

For Entry-Level Commercial Loan Officers, Chicago provides a pay rate that is 27 percent greater than the national average. Trailing the national average by 16 percent, Los Angeles is the market with the smallest paychecks.

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Skills That Affect Loan Officer, Commercial Salaries

Sales
up arrow 11%

Loan Underwriting
up arrow 9%

Portfolio Management
up arrow 8%

Financial Analysis
0%

National Average
$59,000

Business Analysis
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
18 %
Male
82 %

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 80%
medical benefits
Vision: 61%
dental benefits
None: 6%
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