Compensation for VPs of Commercial Lending in the United States is generous, with average pay surpassing six figures annually ($93K). Cash earnings for VPs of Commercial Lending — including $30K in bonuses and $11K in profit sharing proceeds near the top of the pay scale — generally stretch from $74K to $148K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by career duration. The majority of workers are highly satisfied with their job. Generally, women make up less than a third of all VPs of Commercial Lending who answered the questionnnaire. Medical benefits are awarded to nearly all, and most earn dental coverage. Participants in PayScale's salary questionnaire provided the particulars of this report.
Read More
$71,592 - $129,681
MEDIAN: $93,170

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.
$71,592 - $129,681  
$4,093 - $29,553  
Profit Sharing
$795 - $11,074  
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).
$73,779 - $148,439  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 273

Find Out Exactly What You Should Be Paid

United States (change)

Comp Managers: 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.


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

Many VPs of Commercial Lending move into a Senior Vice President of Commercial Lending role, and folks who currently hold that position report a much higher median income of $134K per year. A lot of VPs of Commercial Lending advance their careers by becoming Commercial Lenders and Commercial Loan Officers. However, those positions offer $29K less and $40K less per year on average.

Vice President (VP), Commercial Lending Job Listings

Search for more jobs:

Popular Skills for Vice President (VP), Commercial Lending

VPs of Commercial Lending who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Financial Analysis, Sales, Loan Underwriting, and Business Development are correlated to pay that is above average. Those educated in Business Development tend to be well versed in Financial Analysis.

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

Median of all compensation (including tips, bonus, and overtime) by years of experience.

For many VPs of Commercial Lending, extensive experience does not lead to significantly more money. Whereas the median salary for inexperienced employees is approximately $83K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $103K. For VPs of Commercial Lending, 10 to 20 years of experience on the job amounts to an average salary of $106K. Veterans who have acquired more than 20 years report a median income of $117K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

National Average: $105,925

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

With a pay rate for VPs of Commercial Lending that is 26 percent greater than the national average, Boston offers a comfortable salary for those in this profession. VPs of Commercial Lending can also look forward to large paychecks in cities like New York (+25 percent), Chicago (+15 percent), Akron (+8 percent), and Houston (+7 percent). The lowest-paying market is Tulsa, which sits 27 percent below the national average, proving that location is a significant contributor to overall pay.

Related Job Salaries

Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Commercial Lending Salaries

National Average

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

Financial Analysis
up arrow 3%

up arrow 2%

Business Development
up arrow 1%

Loan Underwriting
up arrow 1%

Commercial Loans

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 45 votes.


24 %
76 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 86%
medical benefits
Vision: 66%
dental benefits
None: 4%