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Commercial Loan Business Development Officer I Salary in Chicago, IL

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How much does a Commercial Loan Business Development Officer I make?

As of August 01, 2025, the average annual salary for a Commercial Loan Business Development Officer I in Chicago, IL is around $87,456, with an hourly rate of $42. The average salary ranges from $82,962 (10th percentile) to $101,585 (90th percentile), with the majority earning between $85,104 (25th percentile) and $94,852 (75th percentile). A Commercial Loan Business Development Officer I's salary is shaped by several key factors, including experience level, specific skills, industry differences, company size, and so on. Below, we'll dive deeper into each of these factors to help you understand how they impact compensation.

View as table View as graph 25% $85,104 10% $82,962 90% $101,585 75% $94,852 $87,456 50%(Median) Didn’t find job title? Click

Commercial Loan Business Development Officer I Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $94,852 $7,904 $1,824 $46
Average $87,456 $7,288 $1,682 $42
25th Percentile $85,104 $7,092 $1,637 $41
500+ Commercial Loan Business Developmen... job openings Go >

How much does a Commercial Loan Business Development Officer I make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Commercial Loan Business Development Officer I salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Commercial Loan Business Development Officer I hourly pay, weekly pay, monthly pay and so on.

Last Updated on August 01, 2025

How does experience level affect a Commercial Loan Business Development Officer I's Salary?

An entry-level Commercial Loan Business Development Officer I with under 1 year experience makes about $87,105. With less than 2 years of experience, a mid-level Commercial Loan Business Development Officer I makes around $87,385. After 2-4 years, the Commercial Loan Business Development Officer I pay rises to about $88,780. Those senior Commercial Loan Business Development Officer I with 5-8 years of experience earn roughly $89,663, and those Commercial Loan Business Development Officer I having 8 years or more experience are expected to earn about $89,884 on average.

Levels Salary
Entry Level Commercial Loan Business Development Officer I $87,105
Intermediate Level Commercial Loan Business Development Officer I $87,385
Senior Level Commercial Loan Business Development Officer I $88,780
Specialist Level Commercial Loan Business Development Officer I $89,663
Expert Level Commercial Loan Business Development Officer I $89,884
$87,105 0 yr
$87,385 < 2 yrs
$88,780 2-4 yrs
$89,663 5-8 yrs
$89,884 > 8 yrs
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What Am I Worth?

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Best-Paid Skills and Qualifications for Commercial Loan Business Development Officer I

What skills does a Commercial Loan Business Development Officer I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
  2. Customer Acquisition: Attracting and converting new customers for our business.
  3. Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.
See More Skills
Skills Demand Percentage
Products and Services 5.57%
Customer Acquisition 1.71%
Business Administration 1.02%
What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Business Development Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Balance Sheet, you can get a 15% salary raise. If you are good at Planning, your salary will increase by 15%. If you are expert in Lead Generation, your salary will rise by 14%.
Skill Salary Salary % Increase
Balance Sheet
$100,574
15%
Planning
$100,574
15%
Lead Generation
$99,699
14%
Coordination
$98,825
13%
Customer Contact
$97,076
11%
Problem Solving
$97,076
11%

Job openings of Commercial Loan Business Development Officer I

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Cost of Living In Chicago, IL

Cost of Living in Chicago, IL is
12.4% Higher
than the National Average

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