Vice President (VP), Commercial Lending Salary

On average, VPs of Commercial Lending in the United States earn six-figure salaries ($97K) annually, making for a very well-paid profession. Total cash compensation to VPs of Commercial Lending approaches anywhere from $74K on the lower end to $160K on the higher end; in exceptional cases, this can include more than $35K from bonuses and upwards of $10K from profit sharing. Location and tenure each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Medical benefits are awarded to almost all, and a large number earn dental coverage. Making up 76 percent of those who took the survey, male VPs of Commercial Lending greatly outnumber their female counterparts. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$72,366 - $133,413
$72K
$97K
$130K
MEDIAN: $96,807
10%
50%
90%

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$0$160K
Salary $72,366 - $133,413
Bonus $3,372 - $34,797
Profit Sharing $974 - $10,045
Commission $3,670 - $40,851
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).
)
$74,470 - $160,202
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 304

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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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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 often move into positions as Commercial Lenders or Commercial Loan Officers. Commercial Lenders actually earn $32K less on average, however, and Commercial Loan Officers earn $43K less per year than VPs of Commercial Lending do.

Vice President (VP), Commercial Lending Job Listings

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, Business Development, and Loan Underwriting are correlated to pay that is above average. Skills that pay less than market rate include Commercial Loans. Those proficient in Business Development are, more often than not, also skilled 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: $109,402

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

Home to some of the best pay for VPs of Commercial Lending, New York offers exceptional salaries, 22 percent above the national average. VPs of Commercial Lending will also find cushy salaries in Boston (+22 percent), Chicago (+7 percent), Philadelphia (+6 percent), and Dallas (+6 percent). Location significantly influences compensation, with Tulsa VPs of Commercial Lending earning much less — 29 percent less — than the national average.

Related Job Salaries

Key Stats for Vice President (VP), Commercial Lending

Gender

Female
24 %
Male
76 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.
1-4 years
3%
5-9 years
21%
10-19 years
41%
20 years or more
35%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Commercial Lending Salaries

▲9%

▼0%

National Average
$109,000

▼6%

▼30%

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


▼0%

National Average
$109,000




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

1-4 years
3%
5-9 years
21%
10-19 years
41%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 88%
vision benefits
Vision: 71%
no benefits
None: 3%
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