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Vice President (VP), Commercial Lending Salary

The average VP of Commercial Lending in the United States earns approximately $90K annually. Total cash compensation to VPs of Commercial Lending bottoms out near $70K and approaches $132K on the high end; the biggest paychecks include approximately $21K from bonuses and almost $9K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. Most workers in this position report high levels of job satisfaction. Male VPs of Commercial Lending far outnumber their female contemporaries among those who completed the questionnaire. This report is based on answers to PayScale's salary questionnaire.
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$65,696 - $118,461
(Median)
$66K
$90K
$120K
MEDIAN: $89,894
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$50K$100K$150K
Salary
$65,696 - $118,461  
   
Bonus
$0.00 - $21,464  
Profit Sharing
$1,188 - $9,091  
Commission
$0.00 - $22,669  
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).
)
$70,038 - $131,635  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 379

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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

  • Negotiate, underwrite, and structure high level loans, and submit proposals for approval.
  • Develop customer and referral networks, identifying and pursuing opportunities for loan sales.
  • Monitor the status of problem loans and work with customers to make sure the loan is repaid.
  • 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.

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


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Though not the most common occurrence, VPs of Commercial Lending sometimes become Senior Vice Presidents of Commercial Lending, where the average income is $130K per year. VPs of Commercial Lending most often move into Commercial Loan Officer or Commercial Lender roles. However, the former pays $32K less on average, and the latter pays $22K less.

Vice President (VP), Commercial Lending Job Listings

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Popular Skills for Vice President (VP), Commercial Lending


Survey results imply that VPs of Commercial Lending put a diverse skill set to use. Most notably, skills in Commercial Loans, Business Development, Sales, and Loan Underwriting are correlated to pay that is above average. Skill sets containing Loan Underwriting also tend to include Commercial Loans. Most people familiar with Financial Analysis also know Business Development and Commercial Loans.

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

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


Experience and pay tend to be weakly linked for VPs of Commercial Lending — those with more experience do not necessarily bring in higher earnings. The average worker who claims fewer than five years of experience earns around $77K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $95K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $103K. VPs of Commercial Lending with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $105K.

Related Job Salaries

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Experience Affects Vice President (VP), Commercial Lending Salaries



National Average
$98,000



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

Commercial Loans
up arrow 3%

Business Development
up arrow 2%

Financial Analysis
up arrow 1%

Loan Underwriting
up arrow 1%

Sales
up arrow 1%

National Average
$98,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 107 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

1-4 years
7%
5-9 years
26%
10-19 years
39%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 78%
vision benefits Vision: 55% employee benefits None: 5%