Vice President (VP), Commercial Lending Salary

VPs of Commercial Lending in the United States tend to have a good amount of experience under their belt — between two-thirds and three-fourths have more than 10 years in the field. While pay runs from $72K to $136K per year, median earnings come to $91K annually. Total cash earnings of VPs of Commercial Lending range from $72K on the low end to $136K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $25K and $10K, respectively. Location 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 a majority. The majority of VPs of Commercial Lending claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$67,641 - $121,873
MEDIAN: $90,926

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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.
$67,641 - $121,873  
$0.00 - $25,116  
Profit Sharing
$1,019 - $9,950  
$0.00 - $14,740  
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).
$71,681 - $136,122  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 409
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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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Advancing into a Senior Vice President of Commercial Lending role seems to be a popular career move for VPs of Commercial Lending, and folks who currently work in the latter position report a notably larger median income of $134K per year. Many VPs of Commercial Lending go on to become Commercial Loan Officers or Commercial Lenders despite the fact that median compensation in those roles is reportedly $33K lower and $22K lower, respectively.

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Popular Skills for Vice President (VP), Commercial Lending

VPs of Commercial Lending report using a wide range of professional skills. Most notably, skills in Business Development, Commercial Loans, Sales, and Financial Analysis are correlated to pay that is above average. 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.

For many VPs of Commercial Lending, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $78K, but people who have been around for five to 10 years earn a noticeably bigger sum of $94K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $103K. People who have worked for more than 20 years report a median income of $110K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $98,959

Larger city markers indicate a job is popular in that location.

VPs of Commercial Lending will find that Boston offers an impressive pay rate, one which exceeds the national average by 35 percent. VPs of Commercial Lending can also look forward to large paychecks in cities like Chicago (+24 percent), Akron (+15 percent), Houston (+14 percent), and New York (+14 percent). Compared to the national average, Tulsa VPs of Commercial Lending have considerably lower salaries, 21 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 3%

Financial Analysis
up arrow 1%

up arrow 1%

Loan Underwriting

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 98 votes.


21 %
79 %

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%
medical benefits
Vision: 58%
dental benefits
None: 6%