Junior Commercial Loan Business Development Officer Salary in the United States

FAQ about Junior Commercial Loan Business Development Officer

1. What degree do you need to be a commercial loan officer?

To become a commercial loan officer, a bachelor's degree in business or finance is typically required. This role involves analyzing the financial health of businesses seeking credit, necessitating a solid understanding of business accounting and the ability to interpret financial statements. The salary for a Junior Commercial Loan Business Development Officer ranges from $70,190 to $94,970, with a midpoint of $83,830.

2. How much do commercial loan officers make in Texas?

As of now, Junior Commercial Loan Business Development Officers in Texas earn between $70,190 and $94,970 annually, with a median salary of $83,830. This translates to approximately $33.69 to $45.66 per hour, or $1,349 to $1,826 weekly.

3. What is the salary for DBA in USA?

The average salary for a Junior Commercial Loan Business Development Officer in the USA ranges from $70,190 to $94,970, with a mid-salary of $83,830. This variation depends on factors such as industry, location, and experience level.

4. What does a commercial lending officer do?

Commercial Loan Officers evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. They advise borrowers on financial status and payment methods. The salary for a Junior Commercial Loan Business Development Officer ranges from $70,190 to $94,970, with a mid-salary of $83,830, reflecting the importance of their role in the lending process.

5. How do commercial loan officers get paid?

Commercial loan officers are generally compensated with a base salary and potential commissions. For a Junior Commercial Loan Business Development Officer, salaries range from $70,190 to $94,970, with a midpoint of $83,830. Commissions are often tied to the loan amount and can vary based on the lender and loan type, with higher commissions for loans with elevated interest rates or fees.

6. How much does Chase Bank pay business development manager?

The salary for a Junior Commercial Loan Business Development Officer typically ranges from $70,190 to $94,970, with a median salary of approximately $83,830. This reflects the compensation structure for similar roles in the industry, providing a competitive salary for entry-level positions.