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The differences between commercial lending vice presidents and group vice presidents 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 a group vice president. Additionally, a group vice president has an average salary of $167,679, which is higher than the $94,727 average annual salary of a commercial lending vice president.
The top three skills for a commercial lending vice president include loan portfolio, financial statements and business development. The most important skills for a group vice president are financial services, healthcare, and project management.
| Commercial Lending Vice President | Group Vice President | |
| Yearly salary | $94,727 | $167,679 |
| Hourly rate | $45.54 | $80.61 |
| Growth rate | 17% | 17% |
| Number of jobs | 58,563 | 51,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 73% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A group vice president is primarily in charge of implementing an organization or group's policies and regulations, including its vision and mission. Most of the time, they directly report progress to the president and assist in carrying out new programs and protocols that optimize the overall business procedures. Their responsibilities also include researching new business opportunities, developing solutions on organizational issues, setting goals and objectives, overseeing the performance of the workforce, and monitoring the workflow to ensure efficiency and growth.
Commercial lending vice presidents and group vice presidents have different pay scales, as shown below.
| Commercial Lending Vice President | Group Vice President | |
| Average salary | $94,727 | $167,679 |
| Salary range | Between $73,000 And $121,000 | Between $106,000 And $264,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Alaska |
| Best paying company | - | Citi |
| Best paying industry | - | Finance |
There are a few differences between a commercial lending vice president and a group vice president in terms of educational background:
| Commercial Lending Vice President | Group Vice President | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lending vice presidents' and group vice presidents' demographics:
| Commercial Lending Vice President | Group Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 71.5% Female, 28.5% |
| Race ratio | Black 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |