Senior Vice President (SVP), Commercial Lending Salary

An average Senior Vice President of Commercial Lending in the United States can expect to take home roughly $121K annually. Cash earnings for Senior Vice Presidents of Commercial Lending — which occasionally include more than $40K from bonuses and more than $15K from profit sharing — stretch from around $90K to approximately $190K. Location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to nearly all, and most earn dental coverage. Senior Vice Presidents of Commercial Lending who took the survey are largely men, dominating at 85 percent. For the most part, Senior Vice Presidents of Commercial Lending enjoy their work and report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$86,538 - $157,950
(Median)
$87K
$120K
$160K
MEDIAN: $121,258
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
$86,538 - $157,950  
   
Bonus
$304.10 - $39,641  
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).
)
$89,828 - $189,546  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 347
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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' salaries tend to stay somewhat constant even when they advance into higher-level positions like Chief Credit Officer. On average, Chief Credit Officers get paid about the same as Senior Vice Presidents of Commercial Lending do. Many Senior Vice Presidents of Commercial Lending advance into roles as Commercial Lenders or Commercial Loan Officers, but the median salaries are $56K lower and $67K lower, respectively.

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


Survey results show that Senior Vice Presidents of Commercial Lending use a fair number of skills. Most notably, skills in Sales, Customer Relationship Management, Loan Underwriting, and Business Development are correlated to pay that is above average, with boosts between 4 percent and 6 percent. 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


Senior Vice Presidents of Commercial Lending will find that New York offers an impressive pay rate, one which exceeds the national average by 35 percent. Senior Vice Presidents of Commercial Lending can also look forward to large paychecks in cities like Atlanta (+32 percent), Philadelphia (+29 percent), Boston (+19 percent), and St. Louis (+13 percent). Those in the field find the lowest salaries in Houston, 7 percent below the national average.

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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 6%

Loan Underwriting
up arrow 4%

Business Development
up arrow 4%

Customer Relationship Management (CRM)
up arrow 4%

Financial Analysis
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
40%
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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