Senior Vice President (SVP), Commercial Lending Salary

The average Senior Vice President of Commercial Lending in the United States can expect to rake in roughly $121K per year. Total cash compensation for Senior Vice Presidents of Commercial Lending runs from $90K to $188K depending on bonuses that can occasionally exceed $40K and profit sharing that can reach almost $15K. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Among survey respondents, men are more common than women; 85 percent of Senior Vice Presidents of Commercial Lending are male. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Work is enjoyable for Senior Vice Presidents of Commercial Lending, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$86,596 - $157,743

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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
$86,596 - $157,743  
   
Bonus
$306.39 - $39,610  
Profit Sharing
$-0.49 - $14,942  
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).
)
$89,907 - $188,379  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 349
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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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As Senior Vice Presidents of Commercial Lending make advancements in their career path, their salaries may not change right away. For example, the higher-level Chief Credit Officer position pays around the same amount as the Senior Vice President of Commercial Lending job on average. Senior Vice Presidents of Commercial Lending most frequently advance into Commercial Lender and Commercial Loan Officer roles 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


Survey results imply that Senior Vice Presidents of Commercial Lending put a diverse skill set to use. 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. Skills that seem to negatively impact pay include Commercial Loans. Those proficient in Financial Analysis are, more often than not, also skilled in Business Development and Customer Relationship Management (CRM).

Pay Difference by Location


Surpassing the national average by 35 percent, Senior Vice Presidents of Commercial Lending in New York receive some of the highest pay in the country. Senior Vice Presidents of Commercial Lending will also find cushy salaries in Atlanta (+32 percent) and Philadelphia (+25 percent). Trailing the national average by 7 percent, Houston is the market with the smallest paychecks.

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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 62 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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