VPs of Commercial Lending in the United States can look forward to a sizeable six-figure salary — around $95K per year on average. In the world of VPs of Commercial Lending, overall cash allowance can occasionally include more than $30K from bonuses and, in some exceptional cases, $11K from profit sharing, causing incomes to vary widely between $75K and $154K. Geography and experience level each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Generally, women make up less than a third of all VPs of Commercial Lending who answered the questionnnaire. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
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$72,714 - $129,992
$73K
$95K
$130K
MEDIAN: $94,882
10%
50%
90%

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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$60K$120K$180K
Salary
$72,714 - $129,992  
   
Bonus
$4,027 - $30,454  
Profit Sharing
$811 - $10,850  
Commission
$15,000  
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).
)
$74,607 - $153,512  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 279

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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.

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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


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Advancing into a Senior Vice President of Commercial Lending role seems to be a popular career move for VPs of Commercial Lending, and folks who currently work in the latter position report a notably larger median income of $134K per year. VPs of Commercial Lending most often move into Commercial Lender or Commercial Loan Officer roles. However, the former pays $29K less on average, and the latter pays $41K less.

Vice President (VP), Commercial Lending Job Listings

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Popular Skills for Vice President (VP), Commercial Lending


Typical VPs of Commercial Lending report a focused set of job skills. Most notably, skills in Sales, Financial Analysis, Loan Underwriting, and Business Development are correlated to pay that is above average. It is often found that people who know Business Development are also skilled 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.


VPs of Commercial Lending with a lot of experience tend to enjoy higher earnings. Salaries for the relatively untried average out to around $77K, but survey participants with five to 10 years of experience earn a significantly higher median of $102K. For VPs of Commercial Lending, 10 to 20 years of experience on the job amounts to an average salary of $108K. Old hands who claim more than two decades on the job enjoy average earnings of $117K.

Pay Difference by Location

National Average: $106,538

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

Boston is home to an above-average pay rate for VPs of Commercial Lending, 25 percent higher than the national average. VPs of Commercial Lending will also find cushy salaries in New York (+24 percent), Chicago (+10 percent), Akron (+7 percent), and Houston (+6 percent). Location significantly influences compensation, with Tulsa VPs of Commercial Lending earning much less — 27 percent less — than the national average.

Related Job Salaries

Key Stats for Vice President (VP), Commercial Lending

Gender

Female
25 %
Male
75 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.
041
1-4 years
3%
5-9 years
22%
10-19 years
42%
20 years or more
33%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Commercial Lending Salaries



National Average
$107,000



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

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

1-4 years
3%
5-9 years
22%
10-19 years
42%
20 years or more
33%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 86%
vision benefits
Vision: 69%
dental benefits
None: 4%
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