Average Loan Business Development Officer Salary in Montreal, Canada for 2026

In this article, we will look at the average Loan Business Development Officer salary for 2026 in Montreal and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Canadian dollar. To keep things simple, we are using the CAD currency code instead of the currency symbol $.

How Much Does a Loan Business Development Officer Make in Montreal?

A Loan Business Development Officer working in Montreal will typically earn around 86,800 CAD per year, and this can range from the lowest average salary of about 43,200 CAD to the highest average salary of 132,000 CAD.

These are average salaries for a Loan Business Development Officer in Montreal and include benefits such as housing and transport. It's also possible for a Loan Business Development Officer to earn more or less than the average salaries shown above.

Loan Business Development Officer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Loan Business Development Officer Salaries in Montreal

So we've looked at the average salaries a Loan Business Development Officer will earn in Montreal. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loan Business Development Officer can earn between 43,200 CAD and 132,000 CAD on average in Montreal. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Loan Business Development Officer in Montreal is 88,300 CAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 88,300 CAD, and 50% of the population earn more than 88,300 CAD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Loan Business Development Officer salary in Montreal, 25% of the population are earning less than 56,600 CAD while 75% of the population earn more than 56,600 CAD.

75% of the population earn less than 114,600 CAD, and 25% of the population earn more than 114,600 CAD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Loan Business Development Officer Salary by Experience Level in Montreal

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Loan Business Development Officer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Loan Business Development Officer in Montreal that has less than two years of experience can expect to earn somewhere in the region of 50,300 CAD.
• 2 - 5 Years Experience. With two to five years of experience the average Loan Business Development Officer salary would increase to 65,500 CAD.
• 5 - 10 Years Experience. From five to ten years of experience as a Loan Business Development Officer, the average salary would be 89,800 CAD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 109,700 CAD.
• 15 - 20 Years Experience. A Loan Business Development Officer with 15 to 20 years of experience can earn an average of 115,600 CAD.
• 20+ Years Experience. For a Loan Business Development Officer with more than 20 years, the expected average salary increases to 123,800 CAD.

Average Salary by Experience Chart

Loan Business Development Officer Salary by Education Level in Montreal

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Loan Business Development Officer in Montreal based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Certificate or Diploma. A Loan Business Development Officer in Montreal with a certificate or diploma education can earn an average salary of 65,500 CAD.
• Bachelor's Degree. A Loan Business Development Officer in Montreal with a bachelor's degree education can earn an average salary of 85,500 CAD.
• Master's Degree. A Loan Business Development Officer in Montreal with a master's degree education can earn an average salary of 130,400 CAD.

Average Salary by Education Chart

Loan Business Development Officer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Montreal, a male loan business development officer will earn an average of 82,300 CAD, while a female loan business development officer will earn around 78,100 CAD.

This means that a male loan business development officer earns approximately 5% more than a female loan business development officer for performing the same job.

Average Salary by Gender Chart in Montreal

Loan Business Development Officer Average Pay Raise in Montreal

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Loan Business Development Officer in Montreal is around 12% every 14 months.

The national average pay raise across all professions and industries in Canada is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 14 ) × 12  = 10%

What this means is that a Loan Business Development Officer in Montreal can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Montreal for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Canada.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Loan Business Development Officer Bonus and Incentive Rates in Montreal

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Loan Business Development Officer is a high bonus based job, with 80% of employees reporting at least one bonus in the last 12 months.

20% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Canada earn approximately 6% more than private sector employees in the same role.

Salaries for Jobs Similar to a Loan Business Development Officer

In the table below, we have salary information for jobs that are similar to a Loan Business Development Officer in Montreal.

Salary Comparison by City

If you want to compare salaries with different cities in Canada, you can use the links below to explore the data for each specific city we have researched.

Salary Comparison by State

The table below includes links to the average salary for each state in Canada.