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Vice President (VP), Commercial Lending Salary

VPs of Commercial Lending in the United States can expect wages of $90K annually on average. In the world of VPs of Commercial Lending, overall income ranges from $70K near the bottom to $131K at the top; this can include more than $22K from bonuses and more than $9K from profit sharing in exceptional cases. Residence is the biggest factor affecting pay for this group, followed by tenure. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The vast majority (82 percent) of VPs of Commercial Lending who answered the questionnaire are male. Work is enjoyable for VPs of Commercial Lending, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$65,571 - $118,275
(Median)
$66K
$90K
$120K
MEDIAN: $89,803
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
$65,571 - $118,275  
   
Bonus
$0.00 - $21,600  
Profit Sharing
$1,041 - $9,030  
Commission
$0.00 - $38,541  
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).
)
$69,887 - $131,427  
Country: United States | Currency: USD | Updated: 2 May 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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There are some VPs of Commercial Lending — though it's uncommon — that transition into Senior Vice Presidents of Commercial Lending, where earnings are an average $131K annually. VPs of Commercial Lending most frequently become Commercial Loan Officers and Commercial Lenders even though median compensation is $32K lower and $21K lower, respectively.

Vice President (VP), Commercial Lending Job Listings

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Popular Skills for Vice President (VP), Commercial Lending


VPs of Commercial Lending report using a pretty varied skill set on the job. Most notably, skills in Commercial Loans, Business Development, Sales, and Financial Analysis are correlated to pay that is above average. Those educated in Financial Analysis tend to be well versed in Business Development and Commercial Loans. Most people who know Loan Underwriting also know 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.


VPs of Commercial Lending do not generally earn higher incomes from more experience in the field. Those in the early stages of their career can expect to make around $76K; however, individuals with five to 10 years of experience bring in $94K on average — a distinctly larger sum. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $102K on average. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of 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%

Sales
up arrow 2%

Financial Analysis
up arrow 1%

Loan Underwriting
up arrow 1%

National Average
$98,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 108 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

1-4 years
7%
5-9 years
26%
10-19 years
40%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 78%
vision benefits Vision: 56% employee benefits None: 6%
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