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How much does a Commercial Loan Officer make?

The average salary for a Commercial Loan Officer is $122,189 per year in the US.

Commercial Loan Officers play a key role in helping businesses grow by providing the necessary funds. Their work often leads to stable and rewarding careers. They earn an average yearly salary of $122,189. This means they can expect a good income, which varies based on experience and location.

Salary numbers for Commercial Loan Officers can range from $47,500 to over $210,000 per year. The bottom earners, at the 10th percentile, make around $47,500. The top earners, at the 90th percentile, make more than $210,000. This wide range shows that with experience and skill, the pay can increase significantly. It also highlights the potential for growth in this career.

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

Commercial loan officers can expect higher salaries in major financial hubs. San Francisco, California, offers the top average salary at nearly $187,000. Los Angeles and Washington, DC, closely follow, each providing substantial compensation packages. Job seekers should consider these cities for better earnings. Chicago, Seattle, and Boston also rank highly for salary potential. Denver, Sacramento, and San Diego show competitive pay, making them attractive options for loan officers.
Graph displaying highest paying cities salaries for Commercial Loan Officer jobs, highlighting San Francisco, CA with the highest at $187,214 and San Diego, CA with the lowest at $142,423.
  1. San Francisco, CA
    Average Salary: $187,214
    In San Francisco, professionals can find rewarding opportunities in finance. The tech boom drives demand for commercial loans. Companies like Goldman Sachs and JPMorgan Chase provide strong platforms for growth.
    Find Commercial Loan Officer jobs in San Francisco, CA


  2. Los Angeles, CA
    Average Salary: $178,926
    Los Angeles offers a vibrant market for commercial lending. The diverse industries here create steady demand. Banks such as Bank of America and Wells Fargo seek skilled officers to manage loans.
    Find Commercial Loan Officer jobs in Los Angeles, CA


  3. Washington, DC
    Average Salary: $164,301
    Working in Washington, DC, brings unique challenges and rewards. The political landscape here influences commercial loans. Major firms like Fannie Mae and Freddie Mac look for knowledgeable officers.
    Find Commercial Loan Officer jobs in Washington, DC


  4. Chicago, IL
    Average Salary: $162,236
    Chicago stands as a major hub for finance and commerce. The city's strong manufacturing and service sectors need commercial loans. Banks like Citibank and Chase hire experienced officers to manage these loans.
    Find Commercial Loan Officer jobs in Chicago, IL


  5. Seattle, WA
    Average Salary: $154,703
    Seattle's booming tech industry drives a need for commercial loans. Companies like Amazon and Microsoft create a strong demand. Professionals here enjoy a dynamic work environment with great benefits.
    Find Commercial Loan Officer jobs in Seattle, WA


  6. Boston, MA
    Average Salary: $153,955
    Boston offers a rich history and modern opportunities. The city's finance sector is robust, with many opportunities. Banks like State Street and TD Bank hire skilled officers for various roles.
    Find Commercial Loan Officer jobs in Boston, MA


  7. Houston, TX
    Average Salary: $151,732
    Houston's energy sector provides steady opportunities for loan officers. The city's growth attracts many businesses. Major banks like Chase and Bank of America offer dynamic career paths.
    Find Commercial Loan Officer jobs in Houston, TX


  8. Denver, CO
    Average Salary: $150,756
    Denver's growing economy offers plenty of opportunities. The city's diverse industries require commercial loans. Banks such as Wells Fargo and U.S. Bank look for skilled officers.
    Find Commercial Loan Officer jobs in Denver, CO


  9. Sacramento, CA
    Average Salary: $142,897
    Sacramento offers a stable market for commercial lending. The state government and local businesses create steady demand. Wells Fargo and Bank of America are prominent employers.
    Find Commercial Loan Officer jobs in Sacramento, CA


  10. San Diego, CA
    Average Salary: $142,423
    San Diego's mild climate and strong economy attract many businesses. The city's diverse industries need commercial loans. Banks like Chase and U.S. Bank hire skilled officers to manage these loans.
    Find Commercial Loan Officer jobs in San Diego, CA

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

Citi stands out as one of the best employers for Commercial Loan Officers, offering a competitive salary. Sandias Executive Search and S&T Bank also provide attractive compensation packages. Truist and Wintrust Financial Corporation are other top options, ensuring job seekers can find rewarding opportunities. Merchants Bank and Nicolet National Bank offer solid salaries as well. Arvest Bank and gpac provide good benefits along with decent pay. These companies value their Commercial Loan Officers and often offer growth opportunities. Job seekers should explore these companies for promising career paths.
Graph displaying best paying company salaries for Commercial Loan Officer jobs, highlighting Citi with the highest at $175,289 and NICOLET NATIONAL BANK with the lowest at $71,129.
  1. Citi
    Average Salary: $175,289
    Citi offers Commercial Loan Officer jobs with competitive salaries. This company has a strong presence in many cities across the country. Employees enjoy diverse opportunities and robust career growth.


  2. Sandias Executive Search
    Average Salary: $140,417
    Sandias Executive Search provides high-paying roles for Commercial Loan Officers. The company operates in various locations and values its employees highly. It focuses on a positive and productive work environment.


  3. S&T Bank
    Average Salary: $136,058
    S&T Bank offers rewarding positions for Commercial Loan Officers. This bank is known for its strong financial stability and customer service. It has offices in multiple states, offering a range of career opportunities.


  4. Truist
    Average Salary: $131,196
    Truist provides Commercial Loan Officer jobs with good salaries. The company operates in several states and offers a supportive work culture. It focuses on financial innovation and customer satisfaction.


  5. Wintrust Financial Corporation
    Average Salary: $120,923
    Wintrust Financial Corporation has attractive compensation for Commercial Loan Officers. It serves clients in many cities and emphasizes community engagement. The company provides a dynamic and rewarding work environment.


  6. Greenstate Credit Union
    Average Salary: $119,718
    Greenstate Credit Union offers competitive pay for Commercial Loan Officers. It operates in several locations and values teamwork and employee well-being. The company provides a stable and fulfilling career path.


  7. Arvest Bank
    Average Salary: $116,680
    Arvest Bank provides good salaries for Commercial Loan Officers. It has branches in multiple states and focuses on customer service and community support. The company offers a positive workplace culture.


  8. gpac
    Average Salary: $115,319
    gpac offers Commercial Loan Officer positions with solid pay. The company operates in various regions and emphasizes professional growth. It provides a supportive environment for career development.


  9. Merchants Bank
    Average Salary: $97,095
    Merchants Bank offers Commercial Loan Officer jobs with decent salaries. It serves clients in many cities and focuses on customer satisfaction and community involvement. The company provides a stable and rewarding career.


  10. NICOLET NATIONAL BANK
    Average Salary: $71,129
    NICOLET NATIONAL BANK offers Commercial Loan Officer jobs with reasonable compensation. It operates in several locations and values its employees. The company provides a supportive and engaging work environment.

How to earn more as a Commercial Loan Officer?

Becoming a Commercial Loan Officer can be a rewarding career. To earn more in this role, one must focus on several key factors. First, gaining experience in the field is essential. As Commercial Loan Officers gain more experience, they often qualify for higher-paying positions or promotions. Another factor is building a strong professional network. Networking can lead to better job opportunities and higher-paying roles. Securing certifications can also make a significant difference. Certifications like the Certified Commercial Investment Member (CCIM) can enhance a Commercial Loan Officer's credibility and marketability.

Expanding skills and knowledge is another crucial factor. Commercial Loan Officers should stay updated on market trends and financial regulations. Attending workshops, seminars, and continuing education courses can help in this regard. Lastly, demonstrating exceptional performance at work can lead to higher earnings. Those who consistently exceed targets and deliver exceptional service are often rewarded with bonuses and raises.

In summary, Commercial Loan Officers can increase their earnings by:

  1. Gaining experience
  2. Building a strong professional network
  3. Securing relevant certifications
  4. Expanding skills and knowledge
  5. Demonstrating exceptional performance

Currently 275 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
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Commercial Loan Officer
275 Job Openings