Position
Salary

How much does a Commercial Loan Officer make?

The average salary for a Commercial Loan Officer is $121,544 per year in the US.

A Commercial Loan Officer plays an important role in the finance industry. These professionals work with businesses, helping them secure loans. They evaluate the risks and potential returns of lending money. A Commercial Loan Officer can earn a good income for their hard work. On average, they make about $121,544 a year. This is a competitive salary in the finance field.

The salary of a Commercial Loan Officer can vary. Many factors can influence it. These include the officer's experience, the size of the company, and the location. Some Commercial Loan Officers earn less than $61,636 a year. Others make over $190,000 annually. With more experience and a strong track record, officers can see significant increases in their pay. This job offers good earning potential for those who perform well.

View Commercial Loan Officer jobs nearby

What are the highest paying cities for a Commercial Loan Officer?

Commercial Loan Officers can expect to find lucrative opportunities in several major cities across the United States. San Francisco, CA, leads the way with an impressive average salary of $187,038, making it an attractive location for those in the field. Close behind is Los Angeles, CA, with an average salary of $175,760. Both cities offer strong financial sectors that contribute to higher earnings for professionals. Additional high-paying cities include Washington, DC, and Chicago, IL, with average salaries of $164,301 and $159,749, respectively. These cities not only provide competitive compensation but also offer a dynamic and diverse professional environment. Job seekers looking to maximize their earnings should consider these cities as potential destinations.
Graph displaying highest paying cities salaries for Commercial Loan Officer jobs, highlighting San Francisco, CA with the highest at $187,038 and Baltimore, MD with the lowest at $130,942.
  1. San Francisco, CA
    Average Salary: $187,038
    In San Francisco, this role thrives in a competitive market. With tech giants like PayPal and Salesforce, professionals can expect dynamic opportunities. The city's strong financial sector provides a rich environment for growth.
    Find Commercial Loan Officer jobs in San Francisco, CA


  2. Los Angeles, CA
    Average Salary: $175,760
    Los Angeles offers a diverse landscape for those in this field. Companies like AT&T and Bank of America drive demand. The vibrant business environment supports career advancement and varied experiences.
    Find Commercial Loan Officer jobs in Los Angeles, CA


  3. Washington, DC
    Average Salary: $164,301
    In Washington, DC, this job connects finance with politics. Working for institutions like Freddie Mac adds a unique edge. The political atmosphere influences many financial decisions, offering insightful experiences.
    Find Commercial Loan Officer jobs in Washington, DC


  4. Chicago, IL
    Average Salary: $159,749
    Chicago's role stands out for its robust industrial sector. Major players like JPMorgan Chase provide solid opportunities. The city's financial history makes it a hub for this profession.
    Find Commercial Loan Officer jobs in Chicago, IL


  5. Seattle, WA
    Average Salary: $153,020
    Seattle combines tech innovation with traditional finance. Companies like Amazon and Wells Fargo thrive here. This mix creates a unique market for professionals, blending technology with banking.
    Find Commercial Loan Officer jobs in Seattle, WA


  6. Denver, CO
    Average Salary: $150,756
    Denver offers a dynamic market for this role. The presence of companies like U.S. Bank and Western Union is notable. The city's growing economy provides excellent growth prospects.
    Find Commercial Loan Officer jobs in Denver, CO


  7. Houston, TX
    Average Salary: $146,617
    Houston's energy sector influences this job significantly. Banks like JPMorgan Chase and energy firms require skilled professionals. The city's focus on oil and gas creates a unique market.
    Find Commercial Loan Officer jobs in Houston, TX


  8. San Diego, CA
    Average Salary: $144,866
    San Diego offers a blend of finance and technology. Companies like First American Financial and Qualcomm drive demand. The city's mild climate and strong economy attract many professionals.
    Find Commercial Loan Officer jobs in San Diego, CA


  9. Sacramento, CA
    Average Salary: $142,897
    Sacramento provides a stable environment for this career. The presence of companies like Golden 1 Credit Union offers solid opportunities. The city's role as the state capital influences local finance.
    Find Commercial Loan Officer jobs in Sacramento, CA


  10. Baltimore, MD
    Average Salary: $130,942
    Baltimore offers a unique blend of maritime and finance. Companies like M&T Bank and Port of Baltimore create diverse opportunities. The city's rich history and strong local economy support this profession.
    Find Commercial Loan Officer jobs in Baltimore, MD

What are the best companies a Commercial Loan Officer can work for?

Citi leads the pack as a top employer for Commercial Loan Officers, offering an impressive average salary of $166,779. Sandias Executive Search and S&T Bank also provide attractive compensation packages, with average salaries of $138,333 and $137,084, respectively. For those seeking competitive pay in this role, these companies present strong opportunities. Truist and gpac follow closely behind, with average salaries of $131,196 and $126,765. Wintrust Financial Corporation and Greenstate Credit Union offer salaries of $120,923 and $119,718, respectively. Arvest Bank, Merchants Bank, and Nicolet National Bank also provide good salaries, making them viable options for job seekers.
Graph displaying best paying company salaries for Commercial Loan Officer jobs, highlighting Citi with the highest at $166,779 and NICOLET NATIONAL BANK with the lowest at $71,459.
  1. Citi
    Average Salary: $166,779
    Citi offers rewarding Commercial Loan Officer roles. Citi operates in over 100 countries, providing services like lending, credit, and corporate banking. Candidates work in major financial centers globally.


  2. Sandias Executive Search
    Average Salary: $138,333
    Sandias Executive Search offers top-tier Commercial Loan Officer positions. The firm operates in the financial sector, specializing in executive search services. Candidates can find roles across various financial markets.


  3. S&T Bank
    Average Salary: $137,084
    S&T Bank provides competitive Commercial Loan Officer positions. The bank operates in the Midwest, offering banking and financial services to businesses and individuals. Roles are available in several states.


  4. Truist
    Average Salary: $131,196
    Truist offers attractive Commercial Loan Officer opportunities. The bank serves customers in over 22 states. Positions focus on lending and financial services, with locations in major cities.


  5. gpac
    Average Salary: $126,765
    gpac provides Commercial Loan Officer jobs with a strong compensation package. The company is a staffing firm specializing in financial services. Opportunities are available across various financial institutions nationwide.


  6. Wintrust Financial Corporation
    Average Salary: $120,923
    Wintrust Financial Corporation offers rewarding Commercial Loan Officer roles. This bank operates in the Midwest, providing financial services to businesses and individuals. Roles are available in key financial hubs.


  7. Greenstate Credit Union
    Average Salary: $119,718
    Greenstate Credit Union offers Commercial Loan Officer positions with a competitive salary. The credit union serves members in the Midwest, focusing on personal and business banking. Opportunities are available in several states.


  8. Arvest Bank
    Average Salary: $112,011
    Arvest Bank offers Commercial Loan Officer roles with a strong salary. The bank operates in several states, providing a range of financial services. Positions are available in key financial markets.


  9. Merchants Bank
    Average Salary: $96,533
    Merchants Bank provides Commercial Loan Officer positions with good compensation. The bank operates in the Midwest, offering financial services to businesses and individuals. Opportunities are available in major cities.


  10. NICOLET NATIONAL BANK
    Average Salary: $71,459
    NICOLET NATIONAL BANK offers Commercial Loan Officer roles with a good salary. The bank serves customers in Wisconsin, providing personal and business banking services. Positions are available in key financial hubs.

How to earn more as a Commercial Loan Officer?

Becoming a Commercial Loan Officer is a great career choice, but to truly maximize your earnings, focus on certain key factors. Experience is crucial. The more deals a Commercial Loan Officer closes, the more they know about navigating complex loans. This experience often translates into higher salaries and bonuses.

Networking also plays a vital role. Building strong relationships with businesses, other financial professionals, and potential clients can lead to more opportunities. These connections often result in higher-paying assignments and more referrals. The more people know about your skills, the more they will seek your expertise. Gaining recommendations from satisfied clients can further open doors to better-paying roles.

Additionally, a solid educational background and relevant certifications can significantly boost earnings. Holding a degree in finance, business, or a related field adds credibility. Certifications such as the Certified Commercial Investment Member (CCIM) or the Certified Banking & Credit Analyst (CBCA) demonstrate a higher level of expertise. These qualifications often lead to higher pay and better job prospects.

Consider these factors to enhance earning potential:

  • Experience: The more deals you close, the higher your earnings.
  • Networking: Build relationships with businesses and financial professionals to get more opportunities.
  • Education and Certifications: A strong educational background and relevant certifications can lead to higher pay.
  • Continuous Learning: Stay updated on the latest in commercial lending to remain competitive.
  • Performance: Consistently meet and exceed targets to earn bonuses and promotions.

Currently 273 Commercial Loan Officer job openings, nationwide.

How's the job market for a Commercial Loan Officer in the US?

Learn what a Commercial Loan Officer does, how to become one, and understand the job outlook. Get simple steps to start your career as a Commercial Loan Officer today.
Position
Overview
Commercial Loan Officer
273 Job Openings