As of March 01, 2025, the average annual salary for a Commercial Loan Officer I in Newton, MA is $82,539. According to Salary.com, salaries can range from a low of $63,148 to a high of $107,152, with most professionals earning between $72,389 and $95,423.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $85,123 | $7,094 | $1,637 | $41 |
| Average | $73,630 | $6,136 | $1,416 | $35 |
| 25th Percentile | $64,575 | $5,381 | $1,242 | $31 |
An entry-level Commercial Loan Officer I with under 1 year experience makes about $80,090. With less than 2 years of experience, a mid-level Commercial Loan Officer I makes around $81,288. After 2-4 years, the Commercial Loan Officer I pay rises to about $83,868. Those senior Commercial Loan Officer I with 5-8 years of experience earn roughly $85,388, and those Commercial Loan Officer I having 8 years or more experience are expected to earn about $85,767 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Officer I | $80,090 |
| Intermediate Level Commercial Loan Officer I | $81,288 |
| Senior Level Commercial Loan Officer I | $83,868 |
| Specialist Level Commercial Loan Officer I | $85,388 |
| Expert Level Commercial Loan Officer I | $85,767 |
| Entry Level | 9% |
| Mid Level | 10% |
| Senior Level | 14% |
| Top Level | 16% |
| Experienced | 16% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Financial Statements: Obtaining and creating formal records of business activities and cash flows to provide results for financial performance.
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.
| Skill | Salary | Demand |
|---|---|---|
|
Risk Management
|
$93,269 |
13%
|
|
Portfolio Management
|
$90,793 |
10%
|
|
Community Development
|
$90,793 |
10%
|
|
Client Relationship
|
$88,317 |
7%
|
|
Teamwork
|
$88,317 |
7%
|
|
Collaboration
|
$87,491 |
6%
|
