As of April 01, 2025, the average annual salary for a Commercial Loan Officer I in Waltham, MA is $70,161. According to Salary.com, salaries can range from a low of $55,559 to a high of $89,338, with most professionals earning between $62,518 and $80,199.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $80,199 | $6,683 | $1,542 | $39 |
| Average | $70,161 | $5,847 | $1,349 | $34 |
| 25th Percentile | $62,518 | $5,210 | $1,202 | $30 |
An entry-level Commercial Loan Officer I with under 1 year experience makes about $69,021. With less than 2 years of experience, a mid-level Commercial Loan Officer I makes around $69,933. After 2-4 years, the Commercial Loan Officer I pay rises to about $71,959. Those senior Commercial Loan Officer I with 5-8 years of experience earn roughly $73,158, and those Commercial Loan Officer I having 8 years or more experience are expected to earn about $73,457 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Officer I | $69,021 |
| Intermediate Level Commercial Loan Officer I | $69,933 |
| Senior Level Commercial Loan Officer I | $71,959 |
| Specialist Level Commercial Loan Officer I | $73,158 |
| Expert Level Commercial Loan Officer I | $73,457 |
| Entry Level | 10% |
| Mid Level | 11% |
| Senior Level | 14% |
| Top Level | 16% |
| Experienced | 17% |
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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
|
$79,282 |
13%
|
|
Portfolio Management
|
$77,177 |
10%
|
|
Community Development
|
$77,177 |
10%
|
|
Client Relationship
|
$75,073 |
7%
|
|
Teamwork
|
$75,073 |
7%
|
|
Collaboration
|
$74,371 |
6%
|
