Senior Vice President (SVP), Commercial Lending Salary

Senior Vice Presidents of Commercial Lending in the United States can expect wages of $120K annually on average. In the world of Senior Vice Presidents of Commercial Lending, overall income ranges from $89K near the bottom to $192K at the top; this can include more than $40K from bonuses and more than $14K from profit sharing in exceptional cases. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Work is enjoyable for Senior Vice Presidents of Commercial Lending, who typically claim high levels of job satisfaction. Men make up the vast majority of Senior Vice Presidents of Commercial Lending (83 percent) who took the survey. Medical benefits are awarded to nearly all, and most earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$85,751 - $159,723
(Median)
$86K
$120K
$160K
MEDIAN: $120,313
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
$85,751 - $159,723  
   
Bonus
$981 - $40,238  
Profit Sharing
$1,007 - $14,300  
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).
)
$89,249 - $192,010  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 342

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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 may not see large compensation differences if they transition into an upper-level role such as Chief Credit Officer. Chief Credit Officers on average make about as much as Senior Vice Presidents of Commercial Lending do. 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 $55K less and $66K less, respectively.

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


Survey takers who work as Senior Vice Presidents of Commercial Lending typically report just a few professional skills. Most notably, skills in Sales, Loan Underwriting, Business Development, and Financial Analysis are correlated to pay that is above average, with boosts in pay of 6 percent. The majority of those who know Financial Analysis also know Business Development and Sales.

Related Job Salaries

United States (change)

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



National Average
$131,000

Mid-Career
up arrow 9%

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

Sales
up arrow 6%


Business Development
up arrow 5%

Financial Analysis
up arrow 4%

Customer Relationship Management (CRM)
up arrow 3%

National Average
$131,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

1-4 years
1%
5-9 years
6%
10-19 years
41%
20 years or more
53%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 81%
vision benefits Vision: 65% employee benefits None: 4%