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How much does a Entry Commercial Loan Officer make in Minneapolis, MN? The average Entry Commercial Loan Officer salary in Minneapolis, MN is $76,800 as of May 28, 2024, but the range typically falls between $67,200 and $87,900. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Entry Commercial Loan Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Entry Commercial Loan Officer Salary $58,460 Minneapolis,MN May 28, 2024
25th Percentile Entry Commercial Loan Officer Salary $67,200 Minneapolis,MN May 28, 2024
50th Percentile Entry Commercial Loan Officer Salary $76,800 Minneapolis,MN May 28, 2024
75th Percentile Entry Commercial Loan Officer Salary $87,900 Minneapolis,MN May 28, 2024
90th Percentile Entry Commercial Loan Officer Salary $98,006 Minneapolis,MN May 28, 2024
25% $67,200 10% $58,460 90% $98,006 75% $87,900 $76,800 50%(Median) Didn’t find job title? Click
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Job Description

The Entry Commercial Loan Officer interviews applicants and obtains information regarding earnings and financial condition to evaluate the applicant's creditworthiness. Solicits and services a variety of smaller commercial loans. Being an Entry Commercial Loan Officer may assist more senior loan officers with larger or more complex loans. Approves or denies loan within established limits, or refers loan to loan committee for approval. In addition, Entry Commercial Loan Officer requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Being an Entry Commercial Loan Officer works on projects/matters of limited complexity in a support role. Work is closely managed. Working as an Entry Commercial Loan Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Entry Commercial Loan Officer in Minneapolis, MN
  • Job Title: Commercial Loan Officer. Job Location: Minneapolis, MN. Job Type:  Direct Hire - Onsite. Compensation: $140,000 - $150,000 (annually). with an e...
    - 4 Days Ago
  • Job Title: Commercial Loan Officer. Job Location: Minneapolis, MN. Job Type:  Direct Hire - Onsite. Compensation: $140,000 - $150,000 (annually). with an e...
    - 1 Day Ago
  • A financial institution is looking for a Commercial Loan Officer to join its team. This position originates, evaluates, prepares loans in compliance with e...
    - 1 Day Ago
  • Job Description The Commercial Ag Loan Officer will be responsible for managing an existing Commercial Ag loan portfolio and developing new Commercial Ag l...
    - 1 Day Ago
  • This will be responsible for managing an existing Commercial Ag loan portfolio and developing new Commercial Ag lending business. This will require the can...
    - 1 Day Ago

Career Path for this job

  1. This Job:

    Entry Commercial Loan Officer

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Intermediate Commercial Loan Officer

    2 - 4 years experience
    Bachelor's Degree

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Average Base Salary

Core compensation

 
 
 
67200
87900
76800

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
69600
96300
82200
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Entry Commercial Loan Officer in Minneapolis, MN. The base salary for Entry Commercial Loan Officer ranges from $67,200 to $87,900 with the average base salary of $76,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $69,600 to $96,300 with the average total cash compensation of $82,200.
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67200
87900

 

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About Minneapolis, Minnesota    Minneapolis (/ˌmɪniˈæpəlɪs/ (listen)) is the county seat of Hennepin County and the larger of the Twin Cities, the 16th-largest metropolitan area in t....More

Minneapolis, Minnesota  area prices were up 1.4% from a year ago    View the Cost of Living in Minneapolis, Minnesota

Entry Commercial Loan Officer Salary in popular cities: Saint PaulRochesterDuluth

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