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Commercial Loan Workout Officer I Salary in Rochester, Minnesota

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Commercial Loan Workout Officer I Salary in Rochester, MN

What is the highest and lowest pay for Commercial Loan Workout Officer I?

As of December 01, 2024, the average annual pay of Commercial Loan Workout Officer I in Rochester, MN is $68,554. While Salary.com is seeing that the highest pay for Commercial Loan Workout Officer I in Rochester, MN can go up to $88,892 and the lowest down to $58,303, but most earn between $63,188 and $79,200. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Loan Workout Officer I in the United States.

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Commercial Loan Workout Officer I Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $78,963 $6,580 $1,519 $38
Average $68,349 $5,696 $1,314 $33
25th Percentile $62,999 $5,250 $1,212 $30
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Average Salary

25% $63,188 10% $58,303 90% $88,892 75% $79,200 $68,554 50%(Median) Didn’t find job title? Click
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View Commercial Loan Workout Officer I Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Commercial Loan Workout Officer I salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Commercial Loan Workout Officer I hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$62,999
Average
$68,349/year
$78,963
$5,250
Average
$5,696/month
$6,580
$1,212
Average
$1,314/week
$1,519
$30
Average
$33/hour
$38
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $78,963 $6,580 $1,519 $38
Average $68,349 $5,696 $1,314 $33
25th Percentile $62,999 $5,250 $1,212 $30
Last Updated on December 01, 2024

View Commercial Loan Workout Officer I Salary by Experience Levels

An entry-level Commercial Loan Workout Officer I with under 1 year experience makes about $67,849. With less than 2 years of experience, a mid-level Commercial Loan Workout Officer I makes around $68,564. After 2-4 years, the Commercial Loan Workout Officer I pay rises to about $70,937. Those senior Commercial Loan Workout Officer I with 5-8 years of experience earn roughly $71,411, and those Commercial Loan Workout Officer I having 8 years or more experience are expected to earn about $71,727 on average.

Levels Salary
Entry Level Commercial Loan Workout Officer I $67,849
Intermediate Level Commercial Loan Workout Officer I $68,564
Senior Level Commercial Loan Workout Officer I $70,937
Specialist Level Commercial Loan Workout Officer I $71,411
Expert Level Commercial Loan Workout Officer I $71,727
$67,849 0 yr
$68,564 < 2 yrs
$70,937 2-4 yrs
$71,411 5-8 yrs
$71,727 > 8 yrs
Last Updated on December 01, 2024
Entry Level 1%
Mid Level 0%
Senior Level 4%
Top Level 4%
Experienced 5%
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Last Updated on December 01, 2024

Highest Paying Cities in Minnesota for Commercial Loan Workout Officer I

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Salaries of Jobs Related to Commercial Loan Workout Officer I

Job Openings of Commercial Loan Workout Officer I

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Cost of Living In Rochester, MN

Cost of Living in Rochester , MN is
10.7% Higher
than the National Average
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Best-Paid Skills and Qualifications for Commercial Loan Workout Officer I

What skills does a Commercial Loan Workout Officer I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

3.

Digital Transformation: The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.

See More Skills
Analysis 8.89%
Economics 2.22%
Digital Transformation 1.11%
Others 87.78%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Commercial Loan Workout Officer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Communication Skills, you can get a 22% salary raise. If you are good at Economics, your salary will increase by 13%.
Skill Salary Demand
Communication Skills
 $83,636
22%
Economics
 $77,466
13%
Economics
 $77,466
13%
Economics
 $77,466
13%
Economics
 $77,466
13%
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Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Commercial Loan Workout Officer I is $68,554 per year in Rochester, MN, updated at December 01, 2024.
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