Vice President (VP), Commercial Lending Salary

VPs of Commercial Lending in the United States take home an average $90K annually. Final cash compensation to VPs of Commercial Lending varies from around $71K to approximately $130K; choice pay grades include potential for bonuses and profit sharing as high as $21K and $9K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Job satisfaction is reported as high by the vast majority of workers. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to just over a half. The vast majority (81 percent) of VPs of Commercial Lending who answered the questionnaire are male. This report is based on responses to the PayScale salary survey.
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$66,007 - $118,347
MEDIAN: $90,100

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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.
$66,007 - $118,347  
$0.00 - $20,985  
Profit Sharing
$1,030 - $8,808  
$0.00 - $11,836  
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).
$70,551 - $129,966  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 372
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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 Vice President (VP), Commercial Lending

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It's not very common for VPs of Commercial Lending to move on to become Senior Vice Presidents of Commercial Lending. Average pay for a Senior Vice President of Commercial Lending is $131K annually. VPs of Commercial Lending most often advance into Commercial Loan Officer and Commercial Lender positions even though the median salaries are $32K lower and $22K lower, respectively.

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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. For most people, competency in Financial Analysis indicates knowledge of Business Development and Commercial Loans. It is often found that people who know Loan Underwriting are also skilled in 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.

For VPs of Commercial Lending, more experience in the field does not usually mean bigger paychecks. Workers in their first five years can expect to earn $77K, but people who have been around for five to 10 years earn a noticeably bigger sum of $95K. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $102K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $106K.

Pay Difference by Location

For those looking to make money, VPs of Commercial Lending in Boston enjoy an exceptional pay rate, 36 percent above the national average. VPs of Commercial Lending will also find cushy salaries in Chicago (+31 percent) and Akron (+17 percent). Compared to the national average, Tulsa VPs of Commercial Lending have considerably lower salaries, 20 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession.

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Experience Affects Vice President (VP), Commercial Lending Salaries

National Average

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%

up arrow 1%

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.


19 %
81 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 77%
vision benefits Vision: 55% employee benefits None: 6%