Commercial Loan Officer Career

Career Description

The job of a commercial loan officer is very important in a bank or any financial institution. The main function of a commercial loan officer is to look after the loans and advances of the bank and pursue the high profile prospective customers to increase the credit giving capacity of the bank and hence its profitability. The commercial loan officer also approves loans of higher amounts after doing a thorough credit history of the clients.

How to become a Commercial Loan Officer:

Those who want to become a commercial loan officer would have to be educated in finance related streams. Those who have done their masters in finance from the top reputed institutes will find it extremely beneficial to get through to the position of a commercial loan officer. The traits that employers look for in a commercial loan officer are good analytical skills, good sales and marketing skills, etc.

Commercial Loan Officer career courses, training, programs:

There are many courses and training programs that teach courses in finance. Most important subjects that candidates should look to equip themselves are loans and deposits, credit analysis, risk management, interest rate risk management, etc.

Commercial Loan Officer career schools/colleges, education:

There are various colleges and universities that teach students courses on finance and banking which students can utilize and become successful commercial loan officers. Some of the top universities are listed below.

Top 5 colleges/universities:

Bryant & Stratton College

Jones International University

North central University

Baker College Online

Southern New Hampshire University

Commercial Loan Officer job opportunities, salaries, recruitment:

Those students whose goal is to become a commercial loan officer should focus on gaining the relevant educational background and work experience. Popular industries that are in the lookout for good commercial loan officers are banking, mortgage lending firms, financial services firms, loans and credit product companies, credit union companies, commercial real estate companies, etc. The salary of a commercial loan officer ranges from $38,000 to $107,000 per year with the annual median salary being $72,000. This data is extracted from the Pay Scale website that has undertaken salary research in the US and published their results on the National Salary data.

Category: Banking Careers

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