As of March 01, 2025, the average annual salary for a Commercial Loan Business Development Officer I in the United States is $84,177. Salary.com reports that pay typically ranges from $70,479 to $95,357, with most professionals earning between $58,008 and $105,537.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $95,357 | $7,946 | $1,834 | $46 |
| Average | $84,177 | $7,015 | $1,619 | $40 |
| 25th Percentile | $70,479 | $5,873 | $1,355 | $34 |
An entry-level Commercial Loan Business Development Officer I with less than 1 year of experience earns about $81,275. With 1-2 years of experience, the average salary increases to $82,894. For 2-4 years of experience, the pay typically rises to $85,279. Senior-level professionals with 5-8 years of experience earn around $86,600, and those with over 8 years of experience can expect an average of $86,930.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Business Development Officer I | $81,275 |
| Intermediate Level Commercial Loan Business Development Officer I | $82,894 |
| Senior Level Commercial Loan Business Development Officer I | $85,279 |
| Specialist Level Commercial Loan Business Development Officer I | $86,600 |
| Expert Level Commercial Loan Business Development Officer I | $86,930 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 1% |
| Top Level | 3% |
| Experienced | 3% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Commercial Loan Business Development Officer I compensation over the past six years. For example, the median salary increased from $84,502 in 2023 to approximately $83,501 in 2024. (For a detailed analysis of Commercial Loan Business Development Officer I salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Commercial Loan Business Development Officer I information for you to search for. Click on search button below to see Commercial Loan Business Development Officer I job openings or enter a new job title here.
Here are companies hiring for Commercial Loan Business Development Officer I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $84,177 | 64.7% | ||
| Bonus | $10,591 | 8.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $7,250 | 5.6% | ||
| 401K/403B | $4,454 | 3.4% | ||
| Disability | $758 | 0.6% | ||
| Healthcare | $6,056 | 4.7% | ||
| Pension | $5,212 | 4.0% | ||
| Time Off | $11,664 | 9.0% | ||
| Total Compensation | $130,162 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 4.4% |
| Associates | 4.4% |
| Bachelors | 64.4% |
| Masters | 24.4% |
| Doctorate | 2.2% |
What Am I Worth?
The average annual salary of Commercial Loan Business Development Officer I is $84,177. In case you are finding an easy salary calculator, the average hourly pay of Commercial Loan Business Development Officer I is $40; the average weekly pay of Commercial Loan Business Development Officer I is $1,619; the average monthly pay of Commercial Loan Business Development Officer I is $7,015.
A Commercial Loan Business Development Officer I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Commercial Loan Business Development Officer I earns the most in San Jose, CA, where the annual salary of a Commercial Loan Business Development Officer I is $105,642.
The highest pay for Commercial Loan Business Development Officer I is $105,537.
The lowest pay for Commercial Loan Business Development Officer I is $58,008.
Commercial Loan Business Development Officer I sells commercial loan services to prospective clients. Develops the initial relationship with prospects and coordinates with loan relationship manager to close selling process. Being a Commercial Loan Business Development Officer I develops sales strategies for expanding referral sources. Typically requires a bachelor's degree. Additionally, Commercial Loan Business Development Officer I typically reports to a manager or head of a unit/department. The Commercial Loan Business Development Officer I gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Commercial Loan Business Development Officer I typically requires 2 to 4 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
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.
Customer Acquisition: Attracting and converting new customers for our business.
Small Business Banking: Small business banking refers to banking services and products designed for small and medium-sized businesses. Banks and credit unions often have special divisions just for their small business clients.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
