Vice President (VP), Commercial Lending Salary (United States)

VP of Commerical Lendings in the United States typically take home $94,841 annually. The final incomes of VP of Commerical Lendings vary between $63,618 and $116,080; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $21K, $8,124, and $27K, respectively. Residency and career duration each impact pay for this group, with the former having the largest influence. Medical and dental benefits are awarded to the vast majority, and more than half earn vision coverage. In a profession dominated by men, 84 percent of VP of Commerical Lendings are male. Job satisfaction is reported as high by the vast majority of workers. The data in this summary comes from the PayScale salary survey.
Vice President (VP), Commercial Lending Salary (?
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.
)
$63,618 - $116,080
(Median)
64K
74K
89K
100K
120K
MEDIAN: $88,526
10%
25%
50%
75%
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
$63,618 - $116,080  
   
Bonus
$0.00 - $20,595  
Profit Sharing
$1,156 - $8,124  
Commission
$0.00 - $26,500  
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).
)
$68,186 - $129,265  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 365
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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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As VP of Commerical Lendings make advancements in their career path, salaries may climb quite a bit. Those in less important roles may make $35K less annually than those in higher-end positions, such as Senior Vice President of Commercial Lending. VP of Commerical Lendings most often move into positions as Commercial Loan Officers or Commercial Lenders, where they typically take pay cuts of $29K or $18,826 per year.

Vice President (VP), Commercial Lending Job Listings

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Popular Skills for Vice President (VP), Commercial Lending

Survey takers who work as VP of Commerical Lendings usually report a few specific skills. It is often found that people who know Financial Analysis are also skilled in 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.
VP of Commerical Lendings with less experience do not necessarily bring home smaller paychecks. In fact, experience in this field tends to have little impact on salary. Though starting salaries approximate $77K, they climb to $90K after five to 10 years. Between one and two decades on the job, workers' pay passes the six-figure mark, with typical earnings around $100K. VP of Commerical Lendings who stay in the field for several decades see their salaries grow less quickly after 20 years, with incomes eventually hovering around $108K.

Pay Difference By Location

Boston
up arrow 40%
New York
up arrow 17%
National Average
$95,000
Minneapolis
up arrow 5%
Larger circles over a city indicate a job is popular in that location.
For VP of Commerical Lendings, working in the bustling city of Boston has its advantages, including an above-average pay rate. VP of Commerical Lendings will also find cushy salaries in New York (+17 percent). Minneapolis is the lowest-paying area, 5 percent south of the national average.

Related Job Salaries

Experience Affects Vice President (VP), Commercial Lending Salaries

National Average
$95,000
Entry-Level
up arrow 21%

Skills That Affect Vice President (VP), Commercial Lending Salaries

Loan Underwriting
up arrow 2%
Commercial Loans
up arrow 2%
Sales
up arrow 2%
Financial Analysis
up arrow 1%
Business Development
up arrow 1%
National Average
$95,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 127 votes.

Gender

Female
16%
female alumni
 
Male
84%
male alumni

Years of Experience

1-4 years
6%
5-9 years
27%
10-19 years
37%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 78%
vision benefits Vision: 54% employee benefits None: 5%
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