As of December 01, 2024, the average annual pay of Loan Workout Officer I in MN is $74,414. While Salary.com is seeing that Loan Workout Officer I salary in MN can go up to $100,139 or down to $59,113, but most earn between $66,405 and $87,879. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Workout Officer I in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $85,903 | $7,159 | $1,652 | $41 |
| Average | $72,741 | $6,062 | $1,399 | $35 |
| 25th Percentile | $64,912 | $5,409 | $1,248 | $31 |
An entry-level Loan Workout Officer I with under 1 year experience makes about $72,891. With less than 2 years of experience, a mid-level Loan Workout Officer I makes around $73,843. After 2-4 years, the Loan Workout Officer I pay rises to about $76,482. Those senior Loan Workout Officer I with 5-8 years of experience earn roughly $78,082, and those Loan Workout Officer I having 8 years or more experience are expected to earn about $78,483 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer I | $72,891 |
| Intermediate Level Loan Workout Officer I | $73,843 |
| Senior Level Loan Workout Officer I | $76,482 |
| Specialist Level Loan Workout Officer I | $78,082 |
| Expert Level Loan Workout Officer I | $78,483 |
| Entry Level | 0% |
| Mid Level | 2% |
| Senior Level | 5% |
| Top Level | 7% |
| Experienced | 8% |
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Loan Workout Officer I salary varies from city to city. Compared with national average salary of Loan Workout Officer I, the highest Loan Workout Officer I salary is in San Francisco, CA, where the Loan Workout Officer I salary is 25.0% above. The lowest Loan Workout Officer I salary is in Miami, FL, where the Loan Workout Officer I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $90,926 |
25.0%
|
| Washington, DC | $80,960 |
11.3%
|
| Miami, FL | $70,195 |
|
| Chicago, IL | $76,305 |
4.9%
|
| Boston, MA | $81,542 |
12.1%
|
| New York, NY | $84,961 |
16.8%
|
