As of March 01, 2025, the average annual salary for a Letter of Credit Officer in Towson, MD is $68,170. Salary.com reports that pay typically ranges from $53,537 to $80,644, with most professionals earning between $40,214 and $92,001.
| 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 $62,714. With less than 2 years of experience, a mid-level Letter of Credit Officer makes around $63,146. After 2-4 years, the Letter of Credit Officer pay rises to about $68,392. Those senior Letter of Credit Officer with 5-8 years of experience earn roughly $73,553, and those Letter of Credit Officer having 8 years or more experience are expected to earn about $73,922 on average.
| Levels | Salary |
|---|---|
| Entry Level Letter of Credit Officer | $62,714 |
| Intermediate Level Letter of Credit Officer | $63,146 |
| Senior Level Letter of Credit Officer | $68,392 |
| Specialist Level Letter of Credit Officer | $73,553 |
| Expert Level Letter of Credit Officer | $73,922 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 3% |
| Top Level | 11% |
| Experienced | 11% |
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