As of March 01, 2025, the average annual salary for a Loan Workout Officer I in New York is $78,062. Salary.com reports that pay typically ranges from $69,662 to $92,179, with most professionals earning between $62,014 and $105,032.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $86,472 | $7,206 | $1,663 | $42 |
| Average | $73,229 | $6,102 | $1,408 | $35 |
| 25th Percentile | $65,349 | $5,446 | $1,257 | $31 |
An entry-level Loan Workout Officer I with under 1 year experience makes about $75,955. With less than 2 years of experience, a mid-level Loan Workout Officer I makes around $76,947. After 2-4 years, the Loan Workout Officer I pay rises to about $79,697. Those senior Loan Workout Officer I with 5-8 years of experience earn roughly $81,364, and those Loan Workout Officer I having 8 years or more experience are expected to earn about $81,781 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer I | $75,955 |
| Intermediate Level Loan Workout Officer I | $76,947 |
| Senior Level Loan Workout Officer I | $79,697 |
| Specialist Level Loan Workout Officer I | $81,364 |
| Expert Level Loan Workout Officer I | $81,781 |
| Entry Level | 4% |
| Mid Level | 5% |
| Senior Level | 9% |
| Top Level | 11% |
| Experienced | 12% |
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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 | $91,536 |
25.0%
|
| Washington, DC | $81,504 |
11.3%
|
| Miami, FL | $70,666 |
|
| Chicago, IL | $76,817 |
4.9%
|
| Boston, MA | $82,090 |
12.1%
|
| New York, NY | $85,531 |
16.8%
|
