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Salary and Benefits

Commercial Loan Officer
$80K-$98K / yr. (est.)
$80K
$89,336 / year
$98K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Commercial Loan Officer

What does a Commercial Loan Officer do?

As Commercial Loan Officers, we meet with business managers, accountants, and financial advisors to determine the business’ current financial state to determine following the bank’s established protocol. We analyze the business’ balance sheet over the years to determine whether it will go bankrupt within few years. We also determine whether a business is eligible for loans and calculate their interest rates based on various factors such as the amount, where the money will be spent, and time for repayment to maximize the bank’s ROI.

Core tasks:

  • call clients to stay up-to-date with their financial situation
  • advise clients on new loan opportunities

Insights

How Many Years of Experience Do Professionals Need Before Becoming Commercial Loan Officer?
On average, people work 5-7 years in other positions prior to becoming a Commercial Loan Officer.
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Commercial Loan OfficerSeattle, WA - A year ago
Oh, great! Another requirement to add to the list of never-ending qualifications!
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Commercial Loan OfficerHouston, TX - A year ago
😡 This is outrageous! Why should we be penalized for not having a long job history before getting into this field?
How Long Do Commercial Loan Officer Employees Typically Stay in Their Roles?
On average, Commercial Loan Officers works in this position for 5+ years across multiple employers.
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Financial AnalystHouston, TX - A year ago
Hmm, considering the constant changes in lending regulations and technology advancements, I'm curious to know how Commercial Loan Officers stay up-to-date in such a rapidly evolving industry.
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Branch ManagerBoston, MA - A year ago
As someone who oversees a team of Commercial Loan Officers, it's crucial to give credit to their dedication and hard work in ensuring the financial success of our business customers. 💪
What Is the Job Hopper Score for Commercial Loan Officer Employees?
Moderate job changes in Commercial Loan Officer, showing some career movement without excessive turnover.
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Writer - ContractorMiami, FL - A year ago
🤔 While this graphic might not excite creative souls like me who thrive on spontaneity, I must admit that the moderate job changes and growth potential in the Commercial Loan Officer field seem noteworthy!
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Construction WorkerDallas, TX - A year ago
Why would anyone want to be a Commercial Loan Officer? They're just chained to a desk, constantly pushing papers, while we get to build tangible structures with our hands. 💪

Career path

Path to job

Discover a Commercial Loan Officer's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Commercial Loan Officer typically studied at.
Brigham Young University-Idaho
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Commercial Loan Officer Employees?
Gender ratio in Commercial Loan Officer position: 0.771931323140002 Male and 0.228068676859998 Female. Age ratio in Commercial Loan Officer position: 16-20: 3%, 21-30: 59%, 31-40: 23%, 41-50: 10%, 51-60: 4%, 60+: 1%. Commercial Loan Officer position is predominantly male (77.2%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Commercial Loan OfficerHouston, TX - A year ago
I can't believe more than half of the respondents are in the 21-30 age group!
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Commercial Loan OfficerPhiladelphia, PA - A year ago
Is this industry ageist, or just facing a lack of opportunity for older professionals?

Workplaces

Who Are the Top Employers for Commercial Loan Officer?
Top employers of Commercial Loan Officer position: Bank of America, Centennial Bank, Columbia Bank (WA, OR & ID). People who work in Commercial Loan Officer position most typically go on to work for the Bank of America.
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Commercial Loan OfficerMiami, FL - A year ago
Columbia Bank has a strong presence in the Northwest. They should expand to the East Coast!
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Commercial Loan OfficerSeattle, WA - A year ago
Columbia Bank is a local favorite here in the Pacific Northwest. We're proud to have them!
Bank of America
Centennial Bank
Columbia Bank (WA, OR & ID)
What Industries Does Commercial Loan Officer Typically Have Experience In?
Industry Background: The most typical industries of Commercial Loan Officer: Finance & Insurance, Real Estate / Rental / Leasing, Professional / Scientific / Technical, Administrative & Support, Public Administration. Commercial Loan Officer employees most likely come from a Finance & Insurance industry background.
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Commercial Loan OfficerHouston, TX - A year ago
Chicago might not be the best place for this job! Houston has a booming finance sector, and Commercial Loan Officer roles are plentiful here!
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Commercial Loan OfficerMiami, FL - A year ago
🤔 Has anyone considered the impact of the current recession on the demand for Commercial Loan Officers? It might not be as stable as we think!

Find your job as Commercial Loan Officer

Discussion about Commercial Loan Officer

Want to know more about Commercial Loan Officer position?
Share your thoughts and ideas about Commercial Loan Officer position with others in our community.
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What is the women/men ratio in the job of Commercial Loan Officer?
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Isabella Holmes4 years ago
25% are women in this profession only.
How old are people who work as a Commercial Loan Officer?
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Sophie Hayes4 years ago
The typical age is 31 for a Commercial Loan Officer.
How much experience is typically required to work as a Commercial Loan Officer?
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Sophie Hayes4 years ago
On average, people have 6 years of experience when they start working as a Commercial Loan Officer
Which industries have a lot of people working in Commercial Loan Officer roles?
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Benjamin Gardner4 years ago
For a Commercial Loan Officer it’s the most likely to work in the Finance & Insurance.
What kind of degree is needed to work as a Commercial Loan Officer?
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Isabella Holmes4 years ago
Bachelor of Science degree is the typical for a Commercial Loan Officer
Which company employs the most people in the Commercial Loan Officer role?
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Liam Brown4 years ago
It’s common for a Commercial Loan Officer to work for Bank of America, Centennial Bank, Columbia Bank (WA, OR & ID), MB Financial and Wells Fargo
How long do you usually work as a Commercial Loan Officer before changing to another position?
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Sophie Hayes4 years ago
On average people change after more than 5 years.
Is it common for people to switch companies and still work as a Commercial Loan Officer?
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Isabella Holmes4 years ago
A typical Commercial Loan Officer might work for one or two companies.
What do people usually work as before switching to Commercial Loan Officer?
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Sophie Hayes4 years ago
Credit Analyst, Vice President or Loan Officer are the typical prior positions for a Commercial Loan Officer
What can be the next step in your career path from Commercial Loan Officer?
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Liam Brown4 years ago
Changing from a Commercial Loan Officer to Vice President, Commercial Lender or Relationship Manager is a typical career path.
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