Average Early-Career Loan Officer, Commercial Salary

$58,874
Avg. SalaryShow Hourly Rate
$4,898
Bonus
$6,963
Commission
$2,000
Profit Sharing
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The average salary for an Early-Career Loan Officer, Commercial is $58,874.
10%
$42k
10%
$59k
50%
$81k
90%
90%
MEDIAN $58,874
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United States (change)
Salary
$42k - $81k
Bonus
$1k - $11k
Profit Sharing
$482 - $6k
Commission
$3k - $20k
Total Pay
$42k - $87k

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 Loan Underwriting, Portfolio Management and Sales are correlated to pay that is above average. Skills that pay less than market rate include Business Analysis and Financial Analysis.

Pay by Experience Level for Loan Officer, Commercial

An entry-level Loan Officer, Commercial with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,485 based on 19 salaries. A mid-career Loan Officer, Commercial with 5-9 years of experience earns an average total compensation of $73,011 based on 224 salaries. An experienced Loan Officer, Commercial with 10-19 years of experience earns an average total compensation of $89,078 based on 245 salaries. In their late career (20 years and higher), employees earn an average total compensation of $99,610.
Employees with Loan Officer, Commercial in their job title in Henderson, Kentucky earn an average of 22.3% more than the national average. These job titles also find higher than average salaries in Oklahoma City, Oklahoma (19.7% more) and Chicago, Illinois (15.1% more). The lowest salaries can be found in Columbus, Ohio (17.3% less).

Years of Experience

This data is based on 621 survey responses.
Entry Level
3.1%
Mid Career
36.1%
Experienced
39.5%
Late Career
21.4%