upper level job

How much does a Commercial Loan Officer I make?

As of February 01, 2025, the average annual salary for a Commercial Loan Officer I in the United States is $73,464. According to Salary.com, salaries can range from a low of $56,199 to a high of $95,362, with most professionals earning between $64,427 and $84,926.

Commercial Loan Officer I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $84,926 $7,077 $1,633 $41
Average $73,464 $6,122 $1,413 $35
25th Percentile $64,427 $5,369 $1,239 $31

Average Salary

25% $64,427 10% $56,199 90% $95,362 75% $84,926 $73,464 50%(Median) Didn’t find job title? Click
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How much does a Commercial Loan Officer I make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Commercial Loan Officer I salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Commercial Loan Officer I hourly pay, weekly pay, monthly pay and so on.

Last Updated on February 01, 2025
Last Updated on February 01, 2025

How Does Experience Level Affect a Commercial Loan Officer I's Salary?

An entry-level Commercial Loan Officer I with less than 1 year of experience earns about $71,446. With 1-2 years of experience, the average salary increases to $72,514. For 2-4 years of experience, the pay typically rises to $74,815. Senior-level professionals with 5-8 years of experience earn around $76,171, and those with over 8 years of experience can expect an average of $76,510.

Levels Salary
Entry Level Commercial Loan Officer I $71,446
Intermediate Level Commercial Loan Officer I $72,514
Senior Level Commercial Loan Officer I $74,815
Specialist Level Commercial Loan Officer I $76,171
Expert Level Commercial Loan Officer I $76,510
$71,446 0 yr
$72,514 < 2 yrs
$74,815 2-4 yrs
$76,171 5-8 yrs
$76,510 > 8 yrs
Last Updated on February 01, 2025
Entry Level 3%
Mid Level 1%
Senior Level 2%
Top Level 4%
Experienced 4%
View as graph
Last Updated on February 01, 2025

How much does salary of Commercial Loan Officer I vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of February 01, 2025:
  • In San Francisco, CA, the average yearly salary for a Commercial Loan Officer I is $91,829.
  • In New York, NY, the average annual salary is $85,805.
  • In Boston, MA, a Commercial Loan Officer I earns $82,353 per year.

What is the salary trend of Commercial Loan Officer I?

As of February 01, 2025, our research reveals a significant shift in Commercial Loan Officer I compensation over the past six years. For example, the median salary increased from $62,386 in 2023 to approximately $61,568 in 2024. (For a detailed analysis of Commercial Loan 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.

Average Annual Salary of Commercial Loan Officer I Over Time

2020
$???
2021
$???
2022
$???
$62,386
2023
$61,568
2024
$60,930
2025
2026
$???
Last Updated on February 01, 2025
2020
$???
2021
$???
2022
$???
2023
$62,386
2024
$61,568
2025
$60,930
2026
$???
Last Updated on February 01, 2025

Commercial Loan Officer I Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $62,386
2024 $61,568
2025 $60,930
2026 View More
Last Updated on February 01, 2025

Job Openings of Commercial Loan Officer I

Salary.com job board provides millions of Commercial Loan Officer I information for you to search for. Click on search button below to see Commercial Loan Officer I job openings or enter a new job title here.

Most Common Benefits for Commercial Loan Officer I

Based on HR-reported data: a national average with a geographic differential
Base Salary 67.6%
Bonuses 4.5%
Social Security 5.5%
401k/403b 3.4%
Disability 0.6%
Healthcare 5.6%
Pension 4.0%
Time Off 8.9%
Core Compensation
Core Compensation Median % of Total
Base Salary $73,464 67.6%
Bonus $4,895 4.5%
Value of Benefits
Core Compensation Median % of Total
Social Security $5,994 5.5%
401K/403B $3,683 3.4%
Disability $627 0.6%
Healthcare $6,056 5.6%
Pension $4,310 4.0%
Time Off $9,644 8.9%
Total Compensation $108,672 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on February 01, 2025

What are the salaries of a Commercial Loan Officer I with different levels of education?

Salaries for Commercial Loan Officer I with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Commercial Loan Officer I with a Bachelor's Degree is $68,774 - $73,968. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Commercial Loan Officer I Salaries by Degree Level

Last Updated on February 01, 2025
Typical Education for Commercial Loan Officer I
Degree Level % of user with this level of education
No Diploma 0.3%
High School 4.2%
Associates 6.3%
Bachelors 66.5%
Masters 22.0%
Doctorate 0.8%
Typical Education for Commercial Loan Officer I
No Diploma 0.3%
High School 4.2%
Associates 6.3%
Bachelors 66.5%
Masters 22.0%
Doctorate 0.8%
view as table

Commercial Loan Officer I Salaries by Degree Level

Last Updated on February 01, 2025

What Am I Worth?

FAQ about Commercial Loan Officer I

1. What is the average salary of a Commercial Loan Officer I?

The average annual salary of Commercial Loan Officer I is $73,464. In case you are finding an easy salary calculator, the average hourly pay of Commercial Loan Officer I is $35; the average weekly pay of Commercial Loan Officer I is $1,413; the average monthly pay of Commercial Loan Officer I is $6,122.

2. Where can a Commercial Loan Officer I earn the most?

A Commercial Loan 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 Officer I earns the most in San Jose, CA, where the annual salary of a Commercial Loan Officer I is $92,197.

3. What is the highest pay for Commercial Loan Officer I?

The highest pay for Commercial Loan Officer I is $95,362.

4. What is the lowest pay for Commercial Loan Officer I?

The lowest pay for Commercial Loan Officer I is $56,199.

5. What are the responsibilities of Commercial Loan Officer I?

Commercial Loan Officer I solicits and services a variety of smaller commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer I approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer I adheres to all regulatory requirements and internal risk and operating policies and procedures. May assist senior loan officers with larger or more complex loans. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Loan Officer I typically requires 0-2 years of related experience.

6. What are the skills of Commercial Loan Officer I

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.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.

3.)

Client Relationship: Client relationship managemen is focused on building relationships with clients to ensure that their needs are met, they are satisfied with the services and/or products provided by the company.

About Our Data

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.

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The average salary for a Commercial Loan Officer I is $73,464 per year in the United States, updated at February 01, 2025.
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