Senior Vice President (SVP), Commercial Lending Salary

Pay for Senior Vice Presidents of Commercial Lending in the United States sits in the ballpark of $121K annually. In the world of Senior Vice Presidents of Commercial Lending, overall cash allowance can occasionally include more than $40K from bonuses and, in some exceptional cases, $15K from profit sharing, causing incomes to vary widely between $90K and $189K. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most workers in this position report high levels of job satisfaction. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Male Senior Vice Presidents of Commercial Lending far outnumber their female contemporaries among those who completed the questionnaire. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$86,666 - $158,490
(Median)
$87K
$120K
$160K
MEDIAN: $121,103
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$86,666 - $158,490  
   
Bonus
$400.00 - $39,548  
Profit Sharing
$-0.49 - $14,876  
Commission
$786 - $20,558  
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).
)
$89,988 - $189,142  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 351
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Job Description for Senior Vice President (SVP), Commercial Lending

  • 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.
  • Contribute to the creation and enforcement of credit policies and procedures.
  • 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.

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 Chief Credit Officer. The two jobs pay about the same on average. Senior Vice Presidents of Commercial Lending most often advance into Commercial Lender and Commercial Loan Officer positions even though the median salaries are $56K lower and $67K lower, respectively.

Senior Vice President (SVP), Commercial Lending Job Listings

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


Senior Vice Presidents of Commercial Lending report using a pretty varied skill set on the job. Most notably, skills in Sales, Loan Underwriting, Customer Relationship Management, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 7 percent. At the other end of the pay range are skills like Commercial Loans. For most people, competency in Financial Analysis indicates knowledge of Business Development and Customer Relationship Management (CRM).

Pay Difference by Location


For Senior Vice Presidents of Commercial Lending, working in the bustling city of New York has its advantages, including an above-average pay rate. Senior Vice Presidents of Commercial Lending will also find cushy salaries in Atlanta (+32 percent) and Philadelphia (+29 percent). In Houston, salaries are 7 percent below the national average and represent the lowest-paying market.

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



National Average
$132,000


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

Sales
up arrow 7%

Financial Analysis
up arrow 4%

Loan Underwriting
up arrow 4%

Customer Relationship Management (CRM)
up arrow 4%

Business Development
up arrow 3%

National Average
$132,000

Commercial Loans
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

1-4 years
1%
5-9 years
6%
10-19 years
39%
20 years or more
54%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 82%
vision benefits Vision: 67% employee benefits None: 3%
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