As of April 01, 2025, the average annual salary for a Commercial Loan Officer I in Oak Park, IL is $65,009. According to Salary.com, salaries can range from a low of $51,480 to a high of $82,777, with most professionals earning between $57,927 and $74,310.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,310 | $6,192 | $1,429 | $36 |
| Average | $65,009 | $5,417 | $1,250 | $31 |
| 25th Percentile | $57,927 | $4,827 | $1,114 | $28 |
An entry-level Commercial Loan Officer I with under 1 year experience makes about $63,952. With less than 2 years of experience, a mid-level Commercial Loan Officer I makes around $64,798. After 2-4 years, the Commercial Loan Officer I pay rises to about $66,675. Those senior Commercial Loan Officer I with 5-8 years of experience earn roughly $67,785, and those Commercial Loan Officer I having 8 years or more experience are expected to earn about $68,063 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Officer I | $63,952 |
| Intermediate Level Commercial Loan Officer I | $64,798 |
| Senior Level Commercial Loan Officer I | $66,675 |
| Specialist Level Commercial Loan Officer I | $67,785 |
| Expert Level Commercial Loan Officer I | $68,063 |
| Entry Level | 2% |
| Mid Level | 3% |
| Senior Level | 6% |
| Top Level | 8% |
| Experienced | 8% |
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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
|
$73,460 |
13%
|
|
Portfolio Management
|
$71,510 |
10%
|
|
Community Development
|
$71,510 |
10%
|
|
Client Relationship
|
$69,560 |
7%
|
|
Teamwork
|
$69,560 |
7%
|
|
Collaboration
|
$68,910 |
6%
|
