Vice President (VP), Commercial Lending Salary

Compensation for VPs of Commercial Lending in the United States is generous, with average pay surpassing six figures annually ($97K). Including potential for bonuses, profit sharing and commission — peaking near $34K, $11K, and $44K, respectively — total cash payment to VPs of Commercial Lending can bottom out near $74K or top out at around $158K. Location is the biggest factor affecting pay for this group, followed by years of experience. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The majority of VPs of Commercial Lending claim high levels of job satisfaction. Most VPs of Commercial Lending survey respondents are men (74 percent). The data in this summary comes from the PayScale salary survey.
Read More
$72,693 - $131,484
$73K
$97K
$130K
MEDIAN: $96,981
10%
50%
90%

Add this chart to your site: 640px    300px

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$60K$120K$180K
Salary
$72,693 - $131,484  
   
Bonus
$3,945 - $34,254  
Profit Sharing
$817 - $10,766  
Commission
$1,216 - $44,385  
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).
)
$74,307 - $158,002  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 280

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Vice President (VP), Commercial Lending

Vice president (VP) of commercial lending positions are available at banks and similar institutions. They work within the institution's market to find key loan-providing opportunities that fit the goals and requirements of the bank. Daily tasks include analyzing a wide variety of financial statements, structuring loan terms and fees, approving or recommending loans, counseling potential borrowers financially, and conducting presentations with senior management staff. All of these tasks help establish a high standard of credit quality and strong commercial portfolio on behalf of the bank, which may also require working with collection staff for delinquent accounts.

Read More...

Vice President (VP), Commercial Lending Tasks

  • Manage a team of loan officers structuring and writing loans, reviewing their work and maintaining quality standards.
  • Provide customers with financial counseling, and recommend bank products which fit their needs.
  • Monitor the status of problem loans and work with customers to make sure the loan is repaid.
  • Negotiate, underwrite, and structure high level loans, and submit proposals for approval.
  • Develop customer and referral networks, identifying and pursuing opportunities for loan sales.

Common Career Paths for Vice President (VP), Commercial Lending


Add this chart to your site:   640px 640px    300px 300px


VPs of Commercial Lending who move on to become Senior Vice Presidents of Commercial Lending may enjoy significant pay raises, as Senior Vice Presidents of Commercial Lending get paid an average of $135K per year. VPs of Commercial Lending most frequently advance into Commercial Lender and Commercial Loan Officer roles even though the median salaries are $31K lower and $42K lower, respectively.

Vice President (VP), Commercial Lending Job Listings

Search for more jobs:

Popular Skills for Vice President (VP), Commercial Lending


Survey results suggest that VPs of Commercial Lending use a fairly large toolkit of professional skills. Most notably, skills in Financial Analysis, Sales, Business Development, and Loan Underwriting are correlated to pay that is above average. Most people skilled in Business Development are similarly competent in Financial Analysis.

Pay by Experience Level for Vice President (VP), Commercial Lending

Pay by Experience for a Vice President (VP), Commercial Lending has a positive trend. An entry-level Vice President (VP), Commercial Lending with less than 5 years of experience can expect to earn an average total compensation of $77,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Commercial Lending with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $102,000 based on 99 salaries. An experienced Vice President (VP), Commercial Lending which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $110,000 based on 154 salaries. A Vice President (VP), Commercial Lending with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $119,000 based on 93 salaries.

Pay Difference by Location

National Average: $108,513

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

New York is home to an above-average pay rate for VPs of Commercial Lending, 23 percent higher than the national average. VPs of Commercial Lending can also look forward to large paychecks in cities like Boston (+23 percent), Chicago (+8 percent), Philadelphia (+7 percent), and Dallas (+6 percent). Place of residence plays a huge part in a VP of Commercial Lending's salary, with Tulsa VPs of Commercial Lending earning salaries that are 28 percent less than the national average.

Related Job Salaries

Key Stats for Vice President (VP), Commercial Lending

Gender

Female
26 %
Male
74 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.
1-4 years
2%
5-9 years
21%
10-19 years
44%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Commercial Lending Salaries

▲10%

▲1%

National Average
$109,000

▼6%

▼29%

Skills That Affect Vice President (VP), Commercial Lending Salaries


▲1%

National Average
$109,000




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
2%
5-9 years
21%
10-19 years
44%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 86%
vision benefits
Vision: 69%
no benefits
None: 4%