As of April 01, 2025, the average annual salary for a Loan Collections Specialist III in New York is $50,820. Salary.com reports that pay typically ranges from $46,710 to $55,160, with most professionals earning between $42,968 and $59,111.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $51,879 | $4,323 | $998 | $25 |
| Average | $47,796 | $3,983 | $919 | $23 |
| 25th Percentile | $43,930 | $3,661 | $845 | $21 |
An entry-level Loan Collections Specialist III with under 1 year experience makes about $48,974. With less than 2 years of experience, a mid-level Loan Collections Specialist III makes around $49,281. After 2-4 years, the Loan Collections Specialist III pay rises to about $49,895. Those senior Loan Collections Specialist III with 5-8 years of experience earn roughly $50,816, and those Loan Collections Specialist III having 8 years or more experience are expected to earn about $52,435 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Collections Specialist III | $48,974 |
| Intermediate Level Loan Collections Specialist III | $49,281 |
| Senior Level Loan Collections Specialist III | $49,895 |
| Specialist Level Loan Collections Specialist III | $50,816 |
| Expert Level Loan Collections Specialist III | $52,435 |
| Entry Level | 2% |
| Mid Level | 3% |
| Senior Level | 4% |
| Top Level | 6% |
| Experienced | 10% |
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Loan Collections Specialist III salary varies from city to city. Compared with national average salary of Loan Collections Specialist III, the highest Loan Collections Specialist III salary is in San Francisco, CA, where the Loan Collections Specialist III salary is 24.9% above. The lowest Loan Collections Specialist III salary is in Miami, FL, where the Loan Collections Specialist III salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $59,700 |
24.9%
|
| Washington, DC | $52,920 |
10.7%
|
| Miami, FL | $45,930 |
|
| Chicago, IL | $49,400 |
3.3%
|
| Boston, MA | $53,310 |
11.5%
|
| New York, NY | $55,400 |
15.9%
|
