Vice President (VP), Commercial Lending Salary

VPs of Commercial Lending in the United States are often veterans in their line of work, with somewhere between two-thirds and three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $91K per year on average but can range from $72K to $136K per year. 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. Residence and years of experience each impact pay for this group, with the former having the largest influence. For the most part, VPs of Commercial Lending enjoy their work and report high levels of job satisfaction. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. The numbers in this rundown were provided by PayScale's salary survey participants.
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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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VPs of Commercial Lending often transition into Senior Vice President of Commercial Lending positions, for which compensation tends to be much higher. On average, Senior Vice Presidents of Commercial Lending earn $134K per year. VPs of Commercial Lending most often move into Commercial Loan Officer or Commercial Lender roles. However, the former pays $33K less on average, and the latter pays $22K less.

Vice President (VP), Commercial Lending Job Listings

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Popular Skills for Vice President (VP), Commercial Lending

VPs of Commercial Lending typically list a handful of skills they use on the job. Most notably, skills in Business Development, Commercial Loans, Sales, and Financial Analysis are correlated to pay that is above average. 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.

VPs of Commercial Lending do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience make $78K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $94K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $103K. 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 $110K.

Pay Difference by Location

National Average: $98,959

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

For those looking to make money, VPs of Commercial Lending in Boston enjoy an exceptional pay rate, 35 percent above the national average. VPs of Commercial Lending will also find cushy salaries in Chicago (+24 percent), Akron (+15 percent), Houston (+14 percent), and New York (+14 percent). Location significantly influences compensation, with Tulsa VPs of Commercial Lending earning much less — 21 percent less — than the national average.

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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%