As of March 01, 2025, the average annual salary for a Letter of Credit Officer in New York is $70,690. Salary.com reports that pay typically ranges from $55,516 to $83,625, with most professionals earning between $41,700 and $95,402.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $78,448 | $6,537 | $1,509 | $38 |
| Average | $66,313 | $5,526 | $1,275 | $32 |
| 25th Percentile | $52,079 | $4,340 | $1,002 | $25 |
An entry-level Letter of Credit Officer with under 1 year experience makes about $65,032. With less than 2 years of experience, a mid-level Letter of Credit Officer makes around $65,481. After 2-4 years, the Letter of Credit Officer pay rises to about $70,920. Those senior Letter of Credit Officer with 5-8 years of experience earn roughly $76,272, and those Letter of Credit Officer having 8 years or more experience are expected to earn about $76,654 on average.
| Levels | Salary |
|---|---|
| Entry Level Letter of Credit Officer | $65,032 |
| Intermediate Level Letter of Credit Officer | $65,481 |
| Senior Level Letter of Credit Officer | $70,920 |
| Specialist Level Letter of Credit Officer | $76,272 |
| Expert Level Letter of Credit Officer | $76,654 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 7% |
| Top Level | 15% |
| Experienced | 16% |
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Letter of Credit Officer salary varies from city to city. Compared with national average salary of Letter of Credit Officer, the highest Letter of Credit Officer salary is in San Francisco, CA, where the Letter of Credit Officer salary is 25.0% above. The lowest Letter of Credit Officer salary is in Miami, FL, where the Letter of Credit Officer salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $82,892 |
25.0%
|
| Washington, DC | $73,807 |
11.3%
|
| Miami, FL | $63,992 |
|
| Chicago, IL | $69,563 |
4.9%
|
| Boston, MA | $74,337 |
12.1%
|
| New York, NY | $77,454 |
16.8%
|
