Senior Vice President (SVP), Commercial Lending Salary

Senior Vice Presidents of Commercial Lending in the United States can expect wages of $134K annually on average. In the world of Senior Vice Presidents of Commercial Lending, overall cash allowance can occasionally include more than $56K from bonuses and, in some exceptional cases, $25K from profit sharing, causing incomes to vary widely between $100K and $207K. Residence is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to nearly all, and most earn dental coverage. Work is enjoyable for Senior Vice Presidents of Commercial Lending, who typically claim high levels of job satisfaction. Male Senior Vice Presidents of Commercial Lending are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. The information for this snapshot was generated by responses to the PayScale salary survey.
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$96,393 - $171,356
$96K
$130K
$170K
MEDIAN: $134,071
10%
50%
90%

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$0$207K
Salary $96,393 - $171,356
Bonus $6,904 - $55,752
Profit Sharing $489.36 - $24,832
Commission $10,174
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).
)
$100,037 - $207,221
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 178

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Senior Vice President (SVP), Commercial Lending

Commercial lending senior vice presidents (SVPs) are generally responsible for developing and implementing credit risk policies and procedures for their organizations and providing reviews, identifications, and analyses of credit risks. They are also responsible for ensuring that credit limits do not exceed certain amounts on any one account.

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Senior Vice President (SVP), Commercial Lending Tasks

  • Oversee a team of loan officers structuring, writing, and closing commercial loans.
  • Act as a representative of the bank in the business and local community.
  • Contribute to the creation and enforcement of credit policies and procedures.
  • Establish and maintain relationships with customers, develop referral networks, and identify opportunities for loan sales.
  • Develop and execute loan portfolio strategies, monitor the performance of loans, and work to mitigate risks.

Common Career Paths for Senior Vice President (SVP), Commercial Lending


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Senior Vice Presidents of Commercial Lending tend not to experience significant pay changes as they move up the career ladder to roles like President. The two jobs pay about the same on average. Many Senior Vice Presidents of Commercial Lending choose to become Commercial Lenders and Commercial Loan Officers as their careers advance. However, folks in those positions report median salaries of $71K less and $83K less, respectively.

Senior Vice President (SVP), Commercial Lending Job Listings

Popular Skills for Senior Vice President (SVP), Commercial Lending


Survey results imply that Senior Vice Presidents of Commercial Lending put a diverse skill set to use. Most notably, skills in Sales, Financial Analysis, Business Development, and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Commercial Loans, Loan Underwriting, and Customer Relationship Management. Those familiar with Financial Analysis also tend to know Business Development and Customer Relationship Management (CRM).

Pay Difference by Location

National Average: $148,586

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

Above-average salaries for Senior Vice Presidents of Commercial Lending can be found in Los Angeles, New York, and Chicago, the three largest cities in the United States. Houston is home to the smallest salaries in the field, lagging the national average by 16 percent. A couple other locations with smaller-than-average paychecks include Kansas City (13 percent lower) and St. Louis (10 percent lower).

Related Job Salaries

Key Stats for Senior Vice President (SVP), Commercial Lending

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
1-4 years
1%
5-9 years
4%
10-19 years
30%
20 years or more
65%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Vice President (SVP), Commercial Lending Salaries

▼0%

National Average
$149,000

▼8%

▼10%

Skills That Affect Senior Vice President (SVP), Commercial Lending Salaries

▲3%

National Average
$149,000


Business Development
▼3%

Customer Relationship Management (CRM)
▼3%


Commercial Loans
▼17%

Job Satisfaction

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

Gender

Female
29 %
Male
71 %

Years of Experience

1-4 years
1%
5-9 years
4%
10-19 years
30%
20 years or more
65%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 83%
vision benefits
Vision: 74%
no benefits
None: 3%
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