Vice President (VP), Commercial Lending Salary

Median pay for VPs of Commercial Lending in the United States lies in the neighborhood of $91K per year. With some bonuses approaching $25K and certain profit sharing proceeds approaching $10K, overall incomes of VPs of Commercial Lending spread between $71K and $134K depending on individual performance. Geographic location and career length 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. Medical benefits are awarded to almost all, and a fair number earn dental coverage. The vast majority (80 percent) of VPs of Commercial Lending who answered the questionnaire are male. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$66,222 - $120,209
MEDIAN: $90,869

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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.
$66,222 - $120,209  
$0.00 - $24,723  
Profit Sharing
$1,216 - $9,933  
$0.00 - $14,681  
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).
$70,848 - $134,160  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 391
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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.


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

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Though it's uncommon, some VPs of Commercial Lending move into roles as Senior Vice Presidents of Commercial Lending, where pay is an average $134K per year. VPs of Commercial Lending most often move into positions as Commercial Loan Officers or Commercial Lenders. Commercial Loan Officers actually earn $33K less on average, however, and Commercial Lenders earn $22K less per year than VPs of Commercial Lending do.

Vice President (VP), Commercial Lending Job Listings

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Popular Skills for

VPs of Commercial Lending only report a few specific skills. Most notably, skills in Business Development, Commercial Loans, Sales, and Loan Underwriting are correlated to pay that is above average. Most people skilled in Financial Analysis are similarly competent in Business Development and Commercial Loans.

Pay by Experience Level for

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

VPs of Commercial Lending with a lot of experience do not necessarily enjoy more money. Although individuals who have less than five years' experience earn $78K on average, people with five to 10 years benefit from a notably larger average of $95K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $103K on average. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $109K on average.

Pay Difference by Location

Home to some of the best pay for VPs of Commercial Lending, Boston offers exceptional salaries, 35 percent above the national average. VPs of Commercial Lending will also find cushy salaries in Chicago (+32 percent), Akron (+16 percent), Houston (+14 percent), and New York (+14 percent). VPs of Commercial Lending in Tulsa report much lower salaries than the rest of the country — 21 percent below the national average — proving that residence is a major factor in overall pay.

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Experience Affects Salaries

National Average

Skills That Affect Salaries

Commercial Loans
up arrow 3%

Business Development
up arrow 3%

Loan Underwriting
up arrow 1%

up arrow 1%

Financial Analysis

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 95 votes.


20 %
80 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 80%
vision benefits Vision: 58% employee benefits None: 5%