As of March 01, 2025, the average annual salary for a VP of Lending in Chicago, IL is $193,700. Salary.com reports that pay typically ranges from $168,300 to $233,200, with most professionals earning between $145,175 and $269,163.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $233,200 | $19,433 | $4,485 | $112 |
| Average | $193,700 | $16,142 | $3,725 | $93 |
| 25th Percentile | $168,300 | $14,025 | $3,237 | $81 |
An entry-level VP of Lending with under 1 year experience makes about $175,786. With less than 2 years of experience, a mid-level VP of Lending makes around $178,031. After 2-4 years, the VP of Lending pay rises to about $181,025. Those senior VP of Lending with 5-8 years of experience earn roughly $185,515, and those VP of Lending having 8 years or more experience are expected to earn about $191,128 on average.
| Levels | Salary |
|---|---|
| Entry Level VP of Lending | $175,786 |
| Intermediate Level VP of Lending | $178,031 |
| Senior Level VP of Lending | $181,025 |
| Specialist Level VP of Lending | $185,515 |
| Expert Level VP of Lending | $191,128 |
| Entry Level | 9% |
| Mid Level | 8% |
| Senior Level | 7% |
| Top Level | 4% |
| Experienced | 1% |
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