As of January 01, 2025, the average annual salary for a Loan Workout Officer, Entry - Commercial in Minnesota is $70,080. Salary.com reports that pay typically ranges from $64,600 to $80,960, with most professionals earning between $59,611 and $90,866.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $79,139 | $6,595 | $1,522 | $38 |
| Average | $68,501 | $5,708 | $1,317 | $33 |
| 25th Percentile | $63,142 | $5,262 | $1,214 | $30 |
An entry-level Loan Workout Officer, Entry - Commercial with under 1 year experience makes about $69,209. With less than 2 years of experience, a mid-level Loan Workout Officer, Entry - Commercial makes around $69,938. After 2-4 years, the Loan Workout Officer, Entry - Commercial pay rises to about $72,356. Those senior Loan Workout Officer, Entry - Commercial with 5-8 years of experience earn roughly $72,840, and those Loan Workout Officer, Entry - Commercial having 8 years or more experience are expected to earn about $73,162 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer, Entry - Commercial | $69,209 |
| Intermediate Level Loan Workout Officer, Entry - Commercial | $69,938 |
| Senior Level Loan Workout Officer, Entry - Commercial | $72,356 |
| Specialist Level Loan Workout Officer, Entry - Commercial | $72,840 |
| Expert Level Loan Workout Officer, Entry - Commercial | $73,162 |
| Entry Level | 1% |
| Mid Level | 2% |
| Senior Level | 6% |
| Top Level | 6% |
| Experienced | 7% |
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Loan Workout Officer, Entry - Commercial salary varies from city to city. Compared with national average salary of Loan Workout Officer, Entry - Commercial, the highest Loan Workout Officer, Entry - Commercial salary is in San Francisco, CA, where the Loan Workout Officer, Entry - Commercial salary is 25.0% above. The lowest Loan Workout Officer, Entry - Commercial salary is in Miami, FL, where the Loan Workout Officer, Entry - Commercial salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $85,630 |
25.0%
|
| Washington, DC | $76,250 |
11.3%
|
| Miami, FL | $66,110 |
|
| Chicago, IL | $71,860 |
4.9%
|
| Boston, MA | $76,800 |
12.1%
|
| New York, NY | $80,010 |
16.8%
|
