As of April 01, 2025, the average annual salary for a Letter of Credit Officer in Palatine, IL is $69,702. Salary.com reports that pay typically ranges from $61,629 to $78,793, with most professionals earning between $54,279 and $87,069.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $78,793 | $6,566 | $1,515 | $38 |
| Average | $69,702 | $5,808 | $1,340 | $34 |
| 25th Percentile | $61,629 | $5,136 | $1,185 | $30 |
An entry-level Letter of Credit Officer with under 1 year experience makes about $67,051. With less than 2 years of experience, a mid-level Letter of Credit Officer makes around $67,292. After 2-4 years, the Letter of Credit Officer pay rises to about $70,380. Those senior Letter of Credit Officer with 5-8 years of experience earn roughly $74,179, and those Letter of Credit Officer having 8 years or more experience are expected to earn about $74,451 on average.
| Levels | Salary |
|---|---|
| Entry Level Letter of Credit Officer | $67,051 |
| Intermediate Level Letter of Credit Officer | $67,292 |
| Senior Level Letter of Credit Officer | $70,380 |
| Specialist Level Letter of Credit Officer | $74,179 |
| Expert Level Letter of Credit Officer | $74,451 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 2% |
| Top Level | 8% |
| Experienced | 8% |
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