As of May 18, 2021, the average salary for a Subrogation Specialist in New Mexico is $41,098 per year, which breaks down to an hourly rate of $20.
However, a Subrogation Specialist's salary can vary significantly. Here’s a look at the typical salary range:
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A Subrogation Specialist's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Subrogation Specialist's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Subrogation Specialist | 2-4 years | $41,098 |
| Subrogation Specialist, Sr. | 4-7 years | $51,626 |
| Subrogation Supervisor | 7+ years | $63,107 |
| Subrogation Manager | 7+ years | $116,649 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Subrogation Specialists. For example, consider the average annual salaries in these key locations:
Understanding how a Subrogation Specialist's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021Promotions are the fastest way to increase your earnings. As a Subrogation Specialist, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Staff Nurse - RN, Sr. - Medical Management | $98,520 | 140% |
| Medical Policy Manager | $116,659 | 184% |
| Provider Network Manager | $107,868 | 162% |
| Reimbursement Services Director | $166,297 | 305% |
Ready to take the next step in your career? Browse thousands of current Subrogation Specialist job openings on our job board. Use the search bar below to find your perfect match.
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