As of March 01, 2025, the average annual salary for a Commercial Loan Workout Officer III in Connecticut is $135,008. Salary.com reports that pay typically ranges from $116,091 to $155,780, with most professionals earning between $98,869 and $174,692.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $145,047 | $12,087 | $2,789 | $70 |
| Average | $125,705 | $10,475 | $2,417 | $60 |
| 25th Percentile | $108,093 | $9,008 | $2,079 | $52 |
An entry-level Commercial Loan Workout Officer III with under 1 year experience makes about $125,154. With less than 2 years of experience, a mid-level Commercial Loan Workout Officer III makes around $126,550. After 2-4 years, the Commercial Loan Workout Officer III pay rises to about $129,342. Those senior Commercial Loan Workout Officer III with 5-8 years of experience earn roughly $139,663, and those Commercial Loan Workout Officer III having 8 years or more experience are expected to earn about $145,183 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Workout Officer III | $125,154 |
| Intermediate Level Commercial Loan Workout Officer III | $126,550 |
| Senior Level Commercial Loan Workout Officer III | $129,342 |
| Specialist Level Commercial Loan Workout Officer III | $139,663 |
| Expert Level Commercial Loan Workout Officer III | $145,183 |
| Entry Level | 0% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 11% |
| Experienced | 15% |
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Commercial Loan Workout Officer III salary varies from city to city. Compared with national average salary of Commercial Loan Workout Officer III, the highest Commercial Loan Workout Officer III salary is in San Francisco, CA, where the Commercial Loan Workout Officer III salary is 25.0% above. The lowest Commercial Loan Workout Officer III salary is in Miami, FL, where the Commercial Loan Workout Officer III salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $157,132 |
25.0%
|
| Washington, DC | $139,910 |
11.3%
|
| Miami, FL | $121,306 |
|
| Chicago, IL | $131,865 |
4.9%
|
| Boston, MA | $140,916 |
12.1%
|
| New York, NY | $146,824 |
16.8%
|
