As of March 01, 2025, the average annual salary for a Commercial Loan Workout Officer IV in Connecticut is $163,275. According to Salary.com, salaries can range from a low of $128,087 to a high of $203,649, with most professionals earning between $144,856 and $184,408.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $171,703 | $14,309 | $3,302 | $83 |
| Average | $152,025 | $12,669 | $2,924 | $73 |
| 25th Percentile | $134,875 | $11,240 | $2,594 | $65 |
An entry-level Commercial Loan Workout Officer IV with under 1 year experience makes about $152,038. With less than 2 years of experience, a mid-level Commercial Loan Workout Officer IV makes around $153,398. After 2-4 years, the Commercial Loan Workout Officer IV pay rises to about $154,757. Those senior Commercial Loan Workout Officer IV with 5-8 years of experience earn roughly $159,652, and those Commercial Loan Workout Officer IV having 8 years or more experience are expected to earn about $169,982 on average.
| Levels | Salary |
|---|---|
| Entry Level Commercial Loan Workout Officer IV | $152,038 |
| Intermediate Level Commercial Loan Workout Officer IV | $153,398 |
| Senior Level Commercial Loan Workout Officer IV | $154,757 |
| Specialist Level Commercial Loan Workout Officer IV | $159,652 |
| Expert Level Commercial Loan Workout Officer IV | $169,982 |
| Entry Level | 0% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 5% |
| Experienced | 12% |
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Commercial Loan Workout Officer IV salary varies from city to city. Compared with national average salary of Commercial Loan Workout Officer IV, the highest Commercial Loan Workout Officer IV salary is in San Francisco, CA, where the Commercial Loan Workout Officer IV salary is 25.0% above. The lowest Commercial Loan Workout Officer IV salary is in Miami, FL, where the Commercial Loan Workout Officer IV salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $190,032 |
25.0%
|
| Washington, DC | $169,204 |
11.3%
|
| Miami, FL | $146,704 |
|
| Chicago, IL | $159,475 |
4.9%
|
| Boston, MA | $170,420 |
12.1%
|
| New York, NY | $177,566 |
16.8%
|
