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Vice President (VP), Commercial Lending Salary

Average VPs of Commercial Lending in the United States make around $90K per year. Total cash earnings of VPs of Commercial Lending range from $71K on the low end to $132K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $22K and $9K, respectively. Location and tenure each impact pay for this group, with the former having the largest influence. 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. Medical benefits are awarded to almost all, and a fair number earn dental coverage. This snapshot results from replies to PayScale's salary survey.
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$65,988 - $118,529
(Median)
$66K
$90K
$120K
MEDIAN: $90,061
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
$65,988 - $118,529  
   
Bonus
$0.00 - $21,600  
Profit Sharing
$1,100 - $9,000  
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).
)
$70,521 - $131,852  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 381
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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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VPs of Commercial Lending sometimes assume positions such as Senior Vice Presidents of Commercial Lending. That role pays $130K per year on average. VPs of Commercial Lending most often move into positions as Commercial Loan Officers or Commercial Lenders. Commercial Loan Officers actually earn $32K 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 Vice President (VP), Commercial Lending


VPs of Commercial Lending report a focused set of job skills. Most notably, skills in Commercial Loans, Business Development, Sales, and Loan Underwriting are correlated to pay that is above average. Most people who know Loan Underwriting also know Commercial Loans. Most people experienced in 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. Relatively untried employees who have less than five years' experience make $77K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $94K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $102K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $105K.

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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
18 %
Male
82 %

Years of Experience

1-4 years
6%
5-9 years
25%
10-19 years
41%
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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