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Commercial lending vice president vs asset manager

The differences between commercial lending vice presidents and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a commercial lending vice president and an asset manager. Additionally, a commercial lending vice president has an average salary of $94,727, which is higher than the $85,814 average annual salary of an asset manager.

The top three skills for a commercial lending vice president include loan portfolio, financial statements and business development. The most important skills for an asset manager are asset management, financial statements, and property management.

Commercial lending vice president vs asset manager overview

Commercial Lending Vice PresidentAsset Manager
Yearly salary$94,727$85,814
Hourly rate$45.54$41.26
Growth rate17%17%
Number of jobs58,56364,732
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 68%
Average age4646
Years of experience88

What does a commercial lending vice president do?

A Commercial Lending Vice President provides customers with financial counseling and recommends bank products that fit their needs. They monitor a team of loan officers.

What does an asset manager do?

An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.

Commercial lending vice president vs asset manager salary

Commercial lending vice presidents and asset managers have different pay scales, as shown below.

Commercial Lending Vice PresidentAsset Manager
Average salary$94,727$85,814
Salary rangeBetween $73,000 And $121,000Between $59,000 And $123,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Deutsche Bank
Best paying industry-Finance

Differences between commercial lending vice president and asset manager education

There are a few differences between a commercial lending vice president and an asset manager in terms of educational background:

Commercial Lending Vice PresidentAsset Manager
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Commercial lending vice president vs asset manager demographics

Here are the differences between commercial lending vice presidents' and asset managers' demographics:

Commercial Lending Vice PresidentAsset Manager
Average age4646
Gender ratioMale, 81.7% Female, 18.3%Male, 64.3% Female, 35.7%
Race ratioBlack or African American, 8.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 7.3% White, 65.1% American Indian and Alaska Native, 0.3%Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between commercial lending vice president and asset manager duties and responsibilities

Commercial lending vice president example responsibilities.

  • Establish and manage customer relationships, credit approval/recommendation, documentation, servicing of commercial, real estate, and SBA loans.
  • Manage a loan pipeline from origination through to settlement and funding in accordance with Bankpolicies, procedures and regulatory requirements.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Expand commercial loan product offerings by establish bank with the SBA, enabling usage of SBA programs for loan risk mitigation.
  • Co-Manage a portfolio of $275MM with a senior relationship manager facilitating underwriting, renewals and origination.
  • Manage a loan pipeline from origination through to settlement and funding in accordance with Bankpolicies, procedures and regulatory requirements.
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Asset manager example responsibilities.

  • Manage and improve the processes require to support server end of life and normal windows patching processes.
  • Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
  • Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
  • Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
  • Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
  • Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.
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Commercial lending vice president vs asset manager skills

Common commercial lending vice president skills
  • Loan Portfolio, 11%
  • Financial Statements, 7%
  • Business Development, 7%
  • Real Estate Loans, 6%
  • Commercial Banking, 5%
  • Commercial Loans, 5%
Common asset manager skills
  • Asset Management, 20%
  • Financial Statements, 7%
  • Property Management, 7%
  • Customer Service, 6%
  • Oversight, 5%
  • Loan Portfolio, 5%

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