Correspondence Clerks Salary 2017: How Much Money Do They Make

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hourly pay for Correspondence Clerks
do Correspondence Clerks make a lot of money

Correspondence Clerks

Other names for this job might include Administrative Assistant, Authorization Coordinator, Authorization Representative, Beneficiary Correspondent, Chargeback Specialist, Claims Correspondence Clerk, Collection Correspondent, Commercial Correspondent, Correspondence Analyst, Correspondence Clerk


  • $37660
    Salary
  • 66%
    Job satisfaction
  • Easy
    Becoming one
  • Low
    Job growth
OwlGuru Rank

C



How Much Successful Correspondence Clerks Make In 2017


In this salary guide, you will find out how much do Correspondence Clerks make.

After reading this, you will be able to make a decision if working as a Correspondence Clerk will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$37660 per year

Hourly wage
$18.110 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Correspondence Clerks make per year and what is their hourly wage.

According to BLS, the average annual salary of Correspondence Clerks is $37660. Their salary can also be as low as $24340 if you’re still a newbie with no experience to over $53630 if you have a ton of experience under your belt.

The typical hourly pay is $18.110 and can range from $11.700 to $25.780 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Correspondence Clerk will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
D

We wanted to make it easy for our readers to compare the salary of A Correspondence Clerk to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Correspondence Clerks make with other careers, they have a salary rank of D.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$25.780$53630
Senior (Top 25%)$21.700$45140
Middle (Mid 50%)$17.490$36370
Junior (Bottom 25%)$14.050$29230
No experience (Bottom 10%)$11.700$24340


Entry-level Correspondence Clerks who starts out at $29230 can expect to make $36370 after 3-5 years of experience in the field.

The bottom 10% makes less than $11.700 per hour while the top 10% makes over $25.780 per hour.

While the median wage is $36370 per annum or $17.490 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Elementary and Secondary Schools (including private, state, and local government schools)23.1148060
Funds, Trusts, and Other Financial Vehicles21.945560
Other Investment Pools and Funds21.8645460
Securities and Commodity Contracts Intermediation and Brokerage21.5144750
Educational Services, Local government owned21.0643810
Securities, Commodity Contracts, and Other Financial Investments and Related Activities20.3942410
State Government, excluding schools and hospitals19.8441270
Specialized Freight Trucking19.7841130
Federal Executive Branch19.4540450
Federal government, including the US Postal Service19.4540450
Merchant Wholesalers, Durable Goods19.1239770
Federal, State, and Local Government19.0639640
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service19.0639640
Insurance Agencies and Brokerages18.7939070
Insurance Carriers18.7438980
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service18.6738820
Other Financial Investment Activities18.6338750
Local government, including schools and hospitals18.538490
Insurance Carriers and Related Activities18.3938240
State government, including schools and hospitals18.2537960
Local Government, excluding schools and hospitals18.0837600
Finance and Insurance18.0537530
Wholesale Trade18.0337510
Educational Services (including private, state, and local government schools)17.8837180
Nondepository Credit Intermediation17.8137040
Transportation and Warehousing17.736810
Junior Colleges (including private, state, and local government schools)17.6236640
Automotive Equipment Rental and Leasing17.5736550
Agencies, Brokerages, and Other Insurance Related Activities17.5736540
Rental and Leasing Services17.5536510
Real Estate and Rental and Leasing17.5136430
Truck Transportation17.4836360
All industries17.4236240
All industries, private ownership only17.3736130
Management of Companies and Enterprises17.3236030
Educational Services, Privately owned17.2735920
Professional, Scientific, and Technical Services17.2535890
Legal Services17.2335850
Employment Services17.1635700
Direct Insurance (except Life, Health, and Medical) Carriers17.1335620
Religious, Grantmaking, Civic, Professional, and Similar Organizations17.1335620
Other Insurance Related Activities17.1235600
Depository Credit Intermediation16.9935350
Manufacturing16.9235200
Hospitals, Privately owned16.9235200
General Medical and Surgical Hospitals, Privately owned16.9235200
Ambulatory Health Care Services16.9135170
Other Nondepository Credit Intermediation16.8835110
Hospitals (including private, state, and local government hospitals)16.8635070
Health Care and Social Assistance (including private, state, and local government hospitals)16.8635060
General Medical and Surgical Hospitals (including private, state, and local government hospitals)16.8635060
Credit Intermediation and Related Activities16.7934930
Arts, Entertainment, and Recreation16.734730
Publishing Industries (except Internet)16.6934720
Other Services (except Federal, State, and Local Government)16.6634650
Educational Services, State government owned16.6534630
Colleges, universities, and professional schools, Privately owned16.6434620
General Freight Trucking16.5734470
Offices of Physicians16.5334380
Administrative and Support Services16.3734040
Colleges, Universities, and Professional Schools (including private, state, and local government schools)16.3534010
Sector 56- Administrative and Support and Waste Management and Remediation Services16.2933890
Business, Professional, Labor, Political, and Similar Organizations15.8332920
Colleges, universities, and professional schools, State government owned15.832860
Activities Related to Credit Intermediation15.6532560
Office Administrative Services15.6332510
Business Support Services15.2331680
Information15.1931600
Nonstore Retailers14.1229370
Electronic Shopping and Mail-Order Houses14.1229360
Retail Trade13.9529020
Data Processing, Hosting, and Related Services13.0827210
Labor Unions and Similar Labor Organizations12.7726570
Miscellaneous Manufacturing12.0525070
Accounting, Tax Preparation, Bookkeeping, and Payroll Services10.1621140

Not all industries pay the same for Correspondence Clerks.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
MA$22.17$46120
AZ$20.44$42510
NY$20.15$41910
NJ$20.11$41820
CO$19.93$41450
KY$19.8$41180
CT$19$39510
CA$18.64$38770
IL$18.26$37970
GA$17.82$37070

Another simple way to boost your pay as A Correspondence Clerk is to move to a higher paying state. However moving to a higher paying state like MA doesn’t mean you will make more overall. This is because the expenses at MA may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Correspondence Clerks are in the states of MA, AZ, NY, NJ and CO. The average salary in MA is $46120.



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Rank: B
Salary: $35540

They locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer’s account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.
Rank: B+
Salary: $40910

They compile and record employee time and payroll data. May compute employees’ time worked, production, and commission. May compute and post wages and deductions, or prepare paychecks.
Rank: C+
Salary: $38740

They obtain information from insured or designated persons for purpose of settling claim with insurance carrier.
Rank: C+
Salary: $34500

They perform routine clerical and administrative functions such as drafting correspondence, scheduling appointments, organizing and maintaining paper and electronic files, or providing information to callers.
Rank: C
Salary: $36730

They investigate history and credit standing of individuals or business establishments applying for credit. Telephone or write to credit departments of business and service establishments to obtain information about applicant’s credit standing.





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Administrative and Information Support

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Related to Correspondence Clerks Salary

Correspondence Clerks salary, how much do Correspondence Clerks earn, Correspondence Clerks hourly wage, Correspondence Clerks annual pay, highest paying industries for Correspondence Clerks, which states pay the highest for Correspondence Clerks

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/information-clerks.htm
http://www.iaap-hq.org/

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Correspondence Clerks
Written by: Stanley Tan
Correspondence Clerks compose letters or electronic correspondence in reply to requests for merchandise, damage claims, credit and other information, delinquent accounts, incorrect billings, or unsatisfactory services. Duties may include gathering data to formulate reply and preparing correspondence.
3.5 / 5 stars

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