Vice President (VP), Commercial Lending Salary

Median pay for VPs of Commercial Lending in the United States lies in the neighborhood of $90K per year. In the world of VPs of Commercial Lending, overall cash allowance can occasionally include more than $21K from bonuses and, in some exceptional cases, $9K from profit sharing, causing incomes to vary widely between $71K and $130K. Location and tenure each impact pay for this group, with the former having the largest influence. The vast majority of VPs of Commercial Lending (81 percent) who took the survey are men. 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 a majority. This snapshot results from replies to PayScale's salary survey.
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$66,028 - $118,832

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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.
$66,028 - $118,832  
$0.00 - $20,751  
Profit Sharing
$1,184 - $9,123  
$0.00 - $11,920  
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).
$70,837 - $130,379  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 372
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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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While not commonly seen, VPs of Commercial Lending who transition into a Senior Vice President of Commercial Lending position may see a rise in pay. The median salary for Senior Vice Presidents of Commercial Lending is $130K per year. A lot of VPs of Commercial Lending advance their careers by becoming Commercial Loan Officers and Commercial Lenders. However, those positions offer $33K less and $22K less per year on average.

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Popular Skills for Vice President (VP), Commercial Lending

Survey takers who work as VPs of Commercial Lending typically report just a few professional skills. Most notably, skills in Commercial Loans, Business Development, Sales, and Loan Underwriting are correlated to pay that is above average. The majority of those who know Financial Analysis also know Business Development and Commercial Loans. Skill sets containing Loan Underwriting also tend to include 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 VPs of Commercial Lending, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $77K on average, but those with five to 10 years of experience enjoy a much bigger median of $95K. Professionals who spend a good 10 to 20 years in the workforce haul in an average of $102K. 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 $108K.

Pay Difference by Location

For those looking to make money, VPs of Commercial Lending in Boston enjoy an exceptional pay rate, 36 percent above the national average. VPs of Commercial Lending will also find cushy salaries in Chicago (+31 percent), Akron (+16 percent), Houston (+15 percent), and New York (+15 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%

Loan Underwriting
up arrow 1%

up arrow 1%

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 99 votes.


19 %
81 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

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