Senior Vice President (SVP), Commercial Lending Salary

Senior Vice Presidents of Commercial Lending in the United States pull down an average of $124K annually. Total cash compensation for Senior Vice Presidents of Commercial Lending runs from $92K to $204K depending on bonuses that can occasionally exceed $49K and profit sharing that can reach almost $15K. Geography is the biggest factor affecting pay for this group, followed by career length. Most Senior Vice Presidents of Commercial Lending like their work and job satisfaction is high. Medical benefits are awarded to nearly all, and most earn dental coverage. The vast majority (82 percent) of Senior Vice Presidents of Commercial Lending who answered the questionnaire are male. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$88,795 - $167,512
(Median)
$89K
$120K
$170K
MEDIAN: $124,167
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$70K$140K$210K
Salary
$88,795 - $167,512  
   
Bonus
$1,002 - $49,449  
Profit Sharing
$0.00 - $15,205  
Commission
$20,347  
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).
)
$92,111 - $204,293  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 407
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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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Although some Senior Vice Presidents of Commercial Lending become President, this progression is not the norm. However, the latter position does pay a little more at $152K. Senior Vice Presidents of Commercial Lending most often advance into Commercial Lender and Commercial Loan Officer positions even though the median salaries are $60K lower and $71K lower, respectively.

Senior Vice President (SVP), Commercial Lending Job Listings

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


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Sales, Customer Relationship Management, Business Development, and Loan Underwriting are correlated to pay that is above average. Skills that seem to negatively impact pay include Commercial Loans. The majority of those who know Financial Analysis also know Business Development and Customer Relationship Management (CRM).

Pay Difference by Location

National Average: $137,015

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

Folks in search of above-average pay will head to one of the three largest American cities: Chicago, Los Angeles, and New York boast higher pay rates than the national average for this field. The lowest-paying market is Houston, which sits 10 percent below the national average.

Related Job Salaries

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



National Average
$137,000


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

Sales
up arrow 6%

Customer Relationship Management (CRM)
up arrow 3%

Loan Underwriting
up arrow 2%

Business Development
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$137,000

Commercial Loans
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

1-4 years
0%
5-9 years
4%
10-19 years
38%
20 years or more
58%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 83%
medical benefits
Vision: 70%
dental benefits
None: 3%
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