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$58,617

Average Base Salary

$28/hr

Average Hourly Rate

$2,052

Average Bonus
The average commercial loan business development officer salary in Alabama, United States is $58,617 or an equivalent hourly rate of $28. This is 10% lower (-$6,586) than the average commercial loan business development officer salary in the United States. In addition, they earn an average bonus of $2,052. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Alabama, United States.
Salary by Experience

$46,322

Entry Level Salary

$73,772

Senior Level Salary
An entry level commercial loan business development officer (1-3 years of experience) earns an average salary of $46,322. On the other end, a senior level commercial loan business development officer (8+ years of experience) earns an average salary of $73,772.

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Job Description
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
Education

The chart below breaks down accounts by the highest level of education obtained.

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About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

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