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Commercial Loan Officer I Salary in Novi, Michigan

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Commercial Loan Officer I Salary in Novi, MI

What is the highest and lowest pay for Commercial Loan Officer I?

As of December 01, 2024, the average annual pay of Commercial Loan Officer I in Novi, MI is $74,659. While Salary.com is seeing that the highest pay for Commercial Loan Officer I in Novi, MI can go up to $96,913 and the lowest down to $57,115, but most earn between $65,476 and $86,307. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer I in the United States.

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Commercial Loan Officer I Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $84,532 $7,044 $1,626 $41
Average $73,124 $6,094 $1,406 $35
25th Percentile $64,129 $5,344 $1,233 $31
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Average Salary

25% $65,476 10% $57,115 90% $96,913 75% $86,307 $74,659 50%(Median) Didn’t find job title? Click
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View Commercial Loan Officer I Salary by Hour, Week, Month, 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 December 01, 2024
$64,129
Average
$73,124/year
$84,532
$5,344
Average
$6,094/month
$7,044
$1,233
Average
$1,406/week
$1,626
$31
Average
$35/hour
$41
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $84,532 $7,044 $1,626 $41
Average $73,124 $6,094 $1,406 $35
25th Percentile $64,129 $5,344 $1,233 $31
Last Updated on December 01, 2024

View Commercial Loan Officer I Salary by Experience Levels

An entry-level Commercial Loan Officer I with under 1 year experience makes about $72,946. With less than 2 years of experience, a mid-level Commercial Loan Officer I makes around $74,037. After 2-4 years, the Commercial Loan Officer I pay rises to about $76,386. Those senior Commercial Loan Officer I with 5-8 years of experience earn roughly $77,770, and those Commercial Loan Officer I having 8 years or more experience are expected to earn about $78,116 on average.

Levels Salary
Entry Level Commercial Loan Officer I $72,946
Intermediate Level Commercial Loan Officer I $74,037
Senior Level Commercial Loan Officer I $76,386
Specialist Level Commercial Loan Officer I $77,770
Expert Level Commercial Loan Officer I $78,116
$72,946 0 yr
$74,037 < 2 yrs
$76,386 2-4 yrs
$77,770 5-8 yrs
$78,116 > 8 yrs
Last Updated on December 01, 2024
Entry Level 0%
Mid Level 1%
Senior Level 4%
Top Level 6%
Experienced 7%
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Last Updated on December 01, 2024

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Job Openings of Commercial Loan Officer I

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Cost of Living In Novi, MI

Cost of Living in Novi , MI is
10.6% Higher
than the National Average
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Best-Paid Skills and Qualifications for Commercial Loan Officer I

What skills does a Commercial Loan Officer I need?

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.

See More Skills
Analysis 8.12%
Financial Statements 1.96%
Client Relationship 1.12%
Others 88.8%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Risk Management, you can get a 13% salary raise. If you are good at Portfolio Management, your salary will increase by 10%. If you are expert in Community Development, your salary will rise by 10%.
Skill Salary Demand
Risk Management
 $84,365
13%
Portfolio Management
 $82,125
10%
Community Development
 $82,125
10%
Client Relationship
 $79,885
7%
Teamwork
 $79,885
7%
Collaboration
 $79,139
6%
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Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Commercial Loan Officer I is $74,659 per year in Novi, MI, updated at December 01, 2024.
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