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How much does a Commercial Loan Officer III make?

As of December 01, 2024, the average annual pay of Commercial Loan Officer III in Chicago, IL is $127,290. While Salary.com is seeing that Commercial Loan Officer III salary in Chicago, IL can go up to $162,581 or down to $90,789, but most earn between $108,184 and $145,763. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Officer III in the United States.

Commercial Loan Officer III Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $138,954 $11,579 $2,672 $67
Average $121,344 $10,112 $2,334 $58
25th Percentile $103,130 $8,594 $1,983 $50

Average Salary

25% $108,184 10% $90,789 90% $162,581 75% $145,763 $127,290 50%(Median) Didn’t find job title? Click
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Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Commercial Loan Officer III $118,140
Intermediate Level Commercial Loan Officer III $119,558
Senior Level Commercial Loan Officer III $122,395
Specialist Level Commercial Loan Officer III $132,136
Expert Level Commercial Loan Officer III $137,074
$118,140 0 yr
$119,558 < 2 yrs
$122,395 2-4 yrs
$132,136 5-8 yrs
$137,074 > 8 yrs
Last Updated on December 01, 2024
Entry Level 3%
Mid Level 1%
Senior Level 1%
Top Level 9%
Experienced 13%
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Last Updated on December 01, 2024

Job Openings of Commercial Loan Officer III

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

Cost of Living In Chicago, IL

Cost of Living in Chicago , IL is
12.4% Higher
than the National Average
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Best-Paid Skills and Qualifications for Commercial Loan Officer III

What skills does a Commercial Loan Officer III 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 Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

3.

Banking Products: Banking Products is the provision of services by a bank to the general public rather than to companies or other banks. Banking proucts is different from wholesale banking in this manner.

Analysis 7.64%
Financial Analysis 1.77%
Banking Products 1.09%
Others 89.5%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Officer III 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 Balance Sheet, you can get a 13% salary raise. If you are good at Client Interaction, your salary will increase by 12%. If you are expert in Verbal Communication, your salary will rise by 11%.
Skill Salary Demand
Balance Sheet
$143,838
13%
Client Interaction
$142,565
12%
Verbal Communication
$141,292
11%
Client Relationship
$137,473
8%
Financial Statements
$137,473
8%
Banking Products
$136,200
7%
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 III is $127,290 per year in Chicago, IL, updated at December 01, 2024.
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