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Commercial banker salary
Average commercial banker salary
$78,697
Average Commercial Banker Salary
As of October 2025, the average salary for a commercial banker is $78,697 annually. This figure reflects a range of salaries influenced by geographic location, years of experience, and the type of bank. For instance, entry-level positions may start significantly lower, while seasoned professionals can earn upwards of $100,000 per year.
Commercial Banker Salaries by Experience Level
Entry-level commercial bankers typically earn around $60,000. With 5-10 years of experience, this can increase to approximately $85,000, while those with over 10 years may see salaries exceed $100,000. Factors such as performance bonuses and commissions can further enhance total earnings.
Highest Paying States for Commercial Bankers
Commercial bankers tend to earn more in states like California, New York, and Texas, with salaries often exceeding the national average. Understanding regional salary differences can assist in making strategic career decisions.
For those considering a career in commercial banking, reviewing these salary trends provides valuable insights into potential earnings and growth opportunities in the industry.
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Where can a Commercial Banker earn more?
Commercial banker salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level commercial banker | $51,200 | $24.61 |
| Mid-level commercial banker | $84,200 | $40.49 |
| Senior-level commercial banker | $150,000 | $72.27 |
Commercial banker salary estimates from across the web
Average commercial banker salary by state
The average commercial banker salary in New Mexico, Washington, and Maine are the highest in the U.S. The lowest average commercial banker salary states are Louisiana, Tennessee, and Mississippi.
- State view
- County view
Highest paying states for commercial bankers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | South Dakota | $83,264 | $40.03 |
| 2 | Delaware | $82,789 | $39.80 |
| 3 | Arkansas | $83,487 | $40.14 |
| 4 | Rhode Island | $82,844 | $39.83 |
| 5 | Washington | $88,431 | $42.51 |
| 6 | Maine | $88,254 | $42.43 |
| 7 | Iowa | $83,453 | $40.12 |
| 8 | Wyoming | $75,736 | $36.41 |
| 9 | New Mexico | $89,771 | $43.16 |
| 10 | California | $84,334 | $40.55 |
| 11 | Michigan | $77,704 | $37.36 |
| 12 | Vermont | $80,543 | $38.72 |
| 13 | Maryland | $86,226 | $41.45 |
| 14 | Massachusetts | $83,723 | $40.25 |
| 15 | New York | $80,801 | $38.85 |
| 16 | Texas | $75,773 | $36.43 |
| 17 | Connecticut | $76,579 | $36.82 |
| 18 | Missouri | $77,095 | $37.06 |
| 19 | Florida | $75,330 | $36.22 |
| 20 | Oregon | $79,162 | $38.06 |
| 21 | Ohio | $69,587 | $33.46 |
| 22 | Illinois | $73,601 | $35.39 |
| 23 | South Carolina | $70,289 | $33.79 |
| 24 | Hawaii | $88,065 | $42.34 |
| 25 | Nebraska | $76,134 | $36.60 |
| 26 | Minnesota | $76,004 | $36.54 |
| 27 | West Virginia | $70,827 | $34.05 |
| 28 | New Hampshire | $75,590 | $36.34 |
| 29 | Montana | $74,484 | $35.81 |
| 30 | Kentucky | $68,330 | $32.85 |
| 31 | Alabama | $64,522 | $31.02 |
| 32 | District of Columbia | $79,537 | $38.24 |
| 33 | Kansas | $66,880 | $32.15 |
| 34 | North Dakota | $68,330 | $32.85 |
| 35 | Pennsylvania | $66,431 | $31.94 |
| 36 | Georgia | $68,195 | $32.79 |
| 37 | Colorado | $65,799 | $31.63 |
| 38 | New Jersey | $67,273 | $32.34 |
| 39 | North Carolina | $64,242 | $30.89 |
| 40 | Oklahoma | $67,682 | $32.54 |
| 41 | Wisconsin | $65,805 | $31.64 |
| 42 | Arizona | $58,827 | $28.28 |
| 43 | Indiana | $58,113 | $27.94 |
| 44 | Virginia | $67,531 | $32.47 |
| 45 | Idaho | $65,371 | $31.43 |
| 46 | Mississippi | $60,578 | $29.12 |
| 47 | Nevada | $62,614 | $30.10 |
| 48 | Alaska | $62,169 | $29.89 |
| 49 | Tennessee | $60,890 | $29.27 |
| 50 | Utah | $59,075 | $28.40 |
| 51 | Louisiana | $61,599 | $29.61 |
Highest paying cities for commercial bankers
The highest-paying cities for commercial bankers are Seattle, WA, Baltimore, MD, and Boston, MA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Seattle, WA | $88,990 | $42.78 |
| 2 | Baltimore, MD | $86,505 | $41.59 |
| 3 | Boston, MA | $83,812 | $40.29 |
| 4 | Des Moines, IA | $83,148 | $39.98 |
| 5 | Los Angeles, CA | $82,319 | $39.58 |
| 6 | New York, NY | $81,045 | $38.96 |
| 7 | Washington, DC | $79,608 | $38.27 |
| 8 | Portland, OR | $78,718 | $37.85 |
| 9 | Saint Louis, MO | $77,871 | $37.44 |
| 10 | Omaha, NE | $76,151 | $36.61 |
| 11 | Minneapolis, MN | $76,030 | $36.55 |
| 12 | Miami, FL | $75,868 | $36.48 |
| 13 | Houston, TX | $75,590 | $36.34 |
| 14 | Chicago, IL | $73,802 | $35.48 |
| 15 | Akron, OH | $71,399 | $34.33 |
| 16 | Greenville, SC | $70,471 | $33.88 |
| 17 | Atlanta, GA | $68,384 | $32.88 |
| 18 | Manitowoc, WI | $66,559 | $32.00 |
| 19 | Lancaster, PA | $66,342 | $31.90 |
| 20 | Denver, CO | $65,799 | $31.63 |
Commercial banker salary details
A commercial banker's salary ranges from $51,000 a year at the 10th percentile to $121,000 at the 90th percentile.
What is a commercial banker's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $121,000 | $10,083 | $58 |
| 75th Percentile | $98,000 | $8,167 | $47 |
| Average | $78,697 | $6,558 | $38 |
| 25th Percentile | $62,000 | $5,167 | $30 |
| 10th Percentile | $51,000 | $4,250 | $25 |
Highest paying commercial banker jobs
The highest paying types of commercial bankers are mortgage broker, investment advisor, and bank officer.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Investment Advisor | $105,377 | $8,781 | $50.66 | 63,438 |
| Escrow Officer | $50,270 | $4,189 | $24.17 | 62,077 |
| Loan Officer | $45,817 | $3,818 | $22.03 | 63,663 |
| Loan Originator | $41,291 | $3,441 | $19.85 | 10,716 |
| Mortgage Consultant | $38,934 | $3,245 | $18.72 | 24,057 |
| Mortgage Underwriter | $55,721 | $4,643 | $26.79 | 9,260 |
Top companies hiring commercial bankers now:
Which companies pay commercial bankers the most?
Commercial banker salaries at Northern Trust and BMO Capital Markets are the highest-paying according to our most recent salary estimates. In addition, the average commercial banker salary at companies like Western Alliance Bank and Webster Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Northern Trust | $113,846 | $54.73 |
| 2 | BMO Capital Markets | $107,401 | $51.64 |
| 3 | Western Alliance Bank | $94,228 | $45.30 |
| 4 | Webster Bank | $86,418 | $41.55 |
| 5 | First Commonwealth Bank | $84,659 | $40.70 |
| 6 | J.P. Morgan | $81,307 | $39.09 |
| 7 | FNB | $80,592 | $38.75 |
| 8 | Star Financial Bank Anderson Indiana | $79,633 | $38.29 |
| 9 | JPMorgan Chase & Co. | $78,691 | $37.83 |
| 10 | Merchants Bank of Indiana | $76,914 | $36.98 |
| 11 | Simmons Bank | $76,345 | $36.70 |
| 12 | United Community Bank | $76,323 | $36.69 |
| 13 | BankFinancial | $73,661 | $35.41 |
| 14 | MRI The Boston Group | $72,237 | $34.73 |
| 15 | BankUnited | $69,099 | $33.22 |
| 16 | United Ban | $67,029 | $32.23 |
| 17 | Waukesha State Bank | $66,849 | $32.14 |
| 18 | Dallas Capital Bank | $65,866 | $31.67 |
| 19 | Seacoast Bank | $64,989 | $31.24 |
| 20 | Zions Ban | $63,987 | $30.76 |
Wage gap by gender, race and education
Commercial banker salary trends
The average commercial banker salary has risen by $7,296 over the last ten years. In 2014, the average commercial banker earned $71,401 annually, but today, they earn $78,697 a year. That works out to a 0% change in pay for commercial bankers over the last decade.
Compare commercial banker salaries for cities or states with the national average over time.
Average commercial banker salary over time
Compare commercial banker salaries for individual cities or states with the national average.
Commercial banker salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $78,700 | $37.84 | +1.1% |
| 2024 | $77,800 | $37.43 | +0.4% |
| 2023 | $77,600 | $37.29 | -2.6% |
| 2022 | $79,600 | $38.25 | +1.6% |
| 2021 | $78,300 | $37.65 | +0.3% |
Recently added commercial banker salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Amalgamated Bank of Ny | Commercial Banker-Cash Management | San Francisco, CA | 06/29/2025 | $130,000 |
| Jpmorgan Chase Bank, N.A | 2026 Commercial and Investment Banking Insights Programs-Commercial & Specialized Industries-SUM | Atlanta, GA | 06/27/2025 | $80,266 |
| First National Bank Alaska | Commercial Portfolio Banker-Corporate Lending | Anchorage, AK | 06/26/2025 | $76,749 |
| Levo Federal Credit Union | Commercial Banker | Dakota City, NE | 06/19/2025 | $63,000 |
| Levo Federal Credit Union | Commercial Banker | North Sioux City, SD | 06/19/2025 | $63,000 |
| Levo Federal Credit Union | Commercial Banker | Brunsville, IA | 06/19/2025 | $63,000 |
| Citigroup Inc. | Citi Commercial Bank-Senior Transactor, Loan Syndications | New York, NY | 05/22/2025 | $170,000 |
| Levo Federal Credit Union | Commercial Banker | Lawton, IA | 05/21/2025 | $63,000 |
| Old National Bank | Commercial Banking Spec | Evansville, IN | 05/16/2025 | $35,479 |
| Jpmorgan Chase | Senior Commercial Banker, Employee Stock Ownership Plan-Capital & Advisory Solutions-Executive D | New York, NY | 05/07/2025 | $128,250 |
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