Middle Market Loan Officer Salary in Newark, New Jersey

Middle Market Loan Officer Salary in Newark, NJ

How much does a Middle Market Loan Officer make in Newark, NJ? The average Middle Market Loan Officer salary in Newark, NJ is $123,300 as of May 28, 2024, but the range typically falls between $108,900 and $150,000. 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.

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Middle Market Loan Officer Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Middle Market Loan Officer Salary $95,790 Newark,NJ May 28, 2024
25th Percentile Middle Market Loan Officer Salary $108,900 Newark,NJ May 28, 2024
50th Percentile Middle Market Loan Officer Salary $123,300 Newark,NJ May 28, 2024
75th Percentile Middle Market Loan Officer Salary $150,000 Newark,NJ May 28, 2024
90th Percentile Middle Market Loan Officer Salary $174,309 Newark,NJ May 28, 2024
25% $108,900 10% $95,790 90% $174,309 75% $150,000 $123,300 50%(Median) Didn’t find job title? Click
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Job Description

The Middle Market Loan Officer performs analysis of applicant's financial data to evaluate credit worthiness and makes decisions on loans based on established guidelines. Makes and services middle market loans and lines of credit. Being a Middle Market Loan Officer monitors loan activity and compliance with established policies and standards. Builds new and existing client relationships and cross sell opportunities. In addition, Middle Market Loan Officer requires a bachelor's degree. Typically reports to team leader. The Middle Market Loan Officer typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Working as a Middle Market Loan Officer typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)

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Job Openings for Middle Market Loan Officer in Newark, NJ

Career Path for this job

  1. Down a level:

    Middle Market Loan Administration Specialist

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Middle Market Loan Officer

    5 + years experience
    Bachelor's Degree

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Understand the total compensation opportunity for a Middle Market Loan Officer, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
108900
150000
123300

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
125900
171400
144200
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Middle Market Loan Officer in Newark, NJ. The base salary for Middle Market Loan Officer ranges from $108,900 to $150,000 with the average base salary of $123,300. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $125,900 to $171,400 with the average total cash compensation of $144,200.
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108900
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About Newark, New Jersey    Newark (/ˈnjuːərk/,[24] locally /njʊərk/)[25] is the most populous city in the U.S. state of New Jersey and the seat of Essex County.[26] As one of th....More

Newark, New Jersey  area prices were up 1.6% from a year ago    View the Cost of Living in Newark, New Jersey

Middle Market Loan Officer Salary in popular cities: Jersey City, Paterson, Elizabeth

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