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Senior Vice President (SVP), Commercial Lending Salary

Pay for Senior Vice Presidents of Commercial Lending in the United States sits in the ballpark of $120K per year. Total cash compensation to Senior Vice Presidents of Commercial Lending approaches anywhere from $89K on the lower end to $188K on the higher end; in exceptional cases, this can include more than $41K from bonuses and upwards of $12K from profit sharing. Residence and career duration each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the greater part. For the most part, Senior Vice Presidents of Commercial Lending enjoy their work and report high levels of job satisfaction. The vast majority of Senior Vice Presidents of Commercial Lending (85 percent) who took the survey are men. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$85,577 - $155,429
(Median)
86K
100K
120K
140K
160K
MEDIAN: $119,502
10%
25%
50%
75%
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
$85,577 - $155,429  
   
Bonus
$981 - $40,547  
Profit Sharing
$986 - $12,365  
Commission
$814 - $24,566  
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).
)
$89,099 - $187,612  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 338
United States (change)

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 a change in pay as they move up the career ladder to upper-level roles like Chief Credit Officer. That job pays 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 $55K less and $66K less, respectively.

Senior Vice President (SVP), Commercial Lending Job Listings

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


Survey takers who work as Senior Vice Presidents of Commercial Lending usually report a few specific skills. Most notably, skills in Loan Underwriting, Sales, Financial Analysis, and Business Development are correlated to pay that is above average, with boosts between 3 percent and 7 percent. Most people familiar with Loan Underwriting also know Sales. It is often found that people who know Financial Analysis are also skilled in Business Development and Sales.

Related Job Salaries

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

Loan Underwriting
up arrow 7%

Sales
up arrow 4%

Financial Analysis
up arrow 3%

Business Development
up arrow 1%

Customer Relationship Management (CRM)
0%

National Average
$131,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

1-4 years
1%
5-9 years
5%
10-19 years
40%
20 years or more
54%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 82%
vision benefits Vision: 64% employee benefits None: 4%