As of April 01, 2025, the average annual salary for a Commercial Loan Officer V in Passaic, NJ is $182,565. According to Salary.com, salaries can range from a low of $152,156 to a high of $203,442, with most professionals earning between $166,648 and $193,493.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $193,493 | $16,124 | $3,721 | $93 |
| Average | $182,565 | $15,214 | $3,511 | $88 |
| 25th Percentile | $166,648 | $13,887 | $3,205 | $80 |
An entry-level Commercial Loan Officer V with under 1 year experience makes about $176,150. With less than 2 years of experience, a mid-level Commercial Loan Officer V makes around $177,338. After 2-4 years, the Commercial Loan Officer V pay rises to about $177,813. Those senior Commercial Loan Officer V with 5-8 years of experience earn roughly $180,189, and those Commercial Loan Officer V having 8 years or more experience are expected to earn about $182,090 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Officer V | $176,150 |
| Intermediate Level Commercial Loan Officer V | $177,338 |
| Senior Level Commercial Loan Officer V | $177,813 |
| Specialist Level Commercial Loan Officer V | $180,189 |
| Expert Level Commercial Loan Officer V | $182,090 |
| Entry Level | 10% |
| Mid Level | 11% |
| Senior Level | 11% |
| Top Level | 13% |
| Experienced | 14% |
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