Average Loan Officer, Commercial with Business Analysis Skills Salary

$71,030
Avg. SalaryShow Hourly Rate
$5,139
Bonus
$5,120
Commission
$1,750
Profit Sharing
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The average salary for a Loan Officer, Commercial with Business Analysis skills is $71,030.
10%
$45k
10%
$71k
50%
$108k
90%
90%
MEDIAN $71,030
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United States (change)
Salary
$45k - $108k
Bonus
$1k - $20k
Profit Sharing
$610 - $3k
Commission
$1k - $78k
Total Pay
$46k - $124k

Your Market Worth Over Time

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Job Description for Loan Officer, Commercial

Loan Officer, Commercial Tasks
  • Develop, maintain, and grow the commercial loan portfolio of private loan companies, government agencies, and non-profit organizations.
  • Solicit new business by developing marketing strategies.
  • Oversee handling of advances, payments, and wire transfers.
  • Negotiate credit terms, and prepare credit analysis and repayment plan for approvals.
  • Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.

Career Paths

Explore the most common career paths for Loan Officer, Commercial. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Loan Officer, Commercial
Vice President (VP), Commercial Lending
Commercial Lender
Loan Officer
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Loan Officer, Commercial Job Listings

Popular Skills for Loan Officer, Commercial

Skills in Financial Analysis, Loan Underwriting, Portfolio Management, Sales and Commercial Loans are correlated to pay that is above average.

Pay by Experience Level for Loan Officer, Commercial

An early career Loan Officer, Commercial with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $56,902 based on 64 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $76,795 based on 56 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $84,915 based on 48 salaries. In their late career (20 years and higher), employees earn an average total compensation of $97,225.
Employees with Loan Officer, Commercial in their job title in Boston, Massachusetts earn an average of 18.7% more than the national average. These job titles also find higher than average salaries in Springfield, Missouri (4.6% more). The lowest salaries can be found in Los Angeles, California (29.7% less) and Columbus, Ohio (29.6% less).

Years of Experience

This data is based on 192 survey responses.
Early Career
33.3%
Mid Career
29.2%
Experienced
25.0%
Late Career
12.5%