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Loan Workout Officer II Salary in the United States

How much does a Loan Workout Officer II make in the United States?

As of October 01, 2026, the average salary for a Loan Workout Officer II in the United States is $76,648 per year, which breaks down to an hourly rate of $37.

However, a Loan Workout Officer II's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $84,106
  • Majority Range (25th-75th percentile): $66,723 to $80,552
  • Entry-Level (10th percentile): $57,687
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Workout Officer II Salaries

A Loan Workout Officer II'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, education and company size can directly affect your earning potential.

How Experience Level Affects Loan Workout Officer II Salaries?

Experience is a primary driver of a Loan Workout Officer II'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:

  • Loan Workout Officer I (0-2 years): $62,910
  • Loan Workout Officer II (2-4 years): $76,648
  • Loan Workout Officer III (4-7 years): $106,268
  • Loan Workout Officer IV (7+ years): $137,600
  • Loan Workout Manager (7+ years): $148,528
Job Role Years of Experience Average Salary
Loan Workout Officer I0-2 years$62,910
Loan Workout Officer II2-4 years$76,648
Loan Workout Officer III4-7 years$106,268
Loan Workout Officer IV7+ years$137,600
Loan Workout Manager7+ years$148,528
View as Graph

How Do Loan Workout Officer II Salaries Vary from State to State?

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 Loan Workout Officer IIs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $84,865.
  • California: $84,543.
  • Massachusetts: $83,416.

Top Paying Cities for Loan Workout Officer IIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $96,676
  • San Francisco: $95,618
  • Oakland: $93,603

What Skills Can Increase a Loan Workout Officer II's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 8.24% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Economics (Mentioned in 3.53% Job Postings): Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
  • Digital Transformation (Mentioned in 2.35% Job Postings): The process of creating new or modifying existing non-digital business processes and services using digital technologies to meet the evolving market and customer needs.
Skills Demand Percentage
Analysis 8.24%
Economics 3.53%
Digital Transformation 2.35%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Loan Workout Officer II's salary.

  • Accounting: Can increase your salary by up to 11%.
  • Commercial Loans: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Accounting $85,079
11%
Commercial Loans $85,079
11%
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Loan Workout Officer II Salary by Company Size: Startups vs. Enterprise

Loan Workout Officer II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $81,682. While startup companies pay approximate $69,384.

Loan Workout Officer II Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $69,384
Growth Stage 51~500 $73,321
Established 501~5000 $78,931
Enterprise 5000+ $81,682

Loan Workout Officer II Salary by Industry: Top Paying Sectors

For Loan Workout Officer II roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Loan Workout Officer positions in Business Services typically offer lower base pay, as this sector often view Loan Workout Officer II as a support function rather than a direct revenue driver.

The top paying industry for a Loan Workout Officer II

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$84,313$41.010%

How Education impacts a Loan Workout Officer II's Salary?

Your level of education can impact your salary potential. While many Loan Workout Officer II enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Loan Workout Officer II with a Bachelor's Degree is between $68,927 and $73,784.

Loan Workout Officer II Salaries by Degree Level

Typical Education for Loan Workout Officer II
Degree Level % of user with this level of education
No Diploma 26.9%
High School 26.9%
Associates 23.1%
Bachelors 38.5%
Masters 11.5%
Doctorate 0.0%
View as Graph

Loan Workout Officer II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Workout Officer II'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 October 01, 2026
$66,723
Average $76,648/year
$80,552
$5,560
Average $6,387/month
$6,713
$1,283
Average $1,474/week
$1,549
$32
Average $37/hour
$39
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $80,552 $6,713 $1,549 $39
Average $76,648 $6,387 $1,474 $37
25th Percentile $66,723 $5,560 $1,283 $32

Loan Workout Officer II Salary Growth & Career Path

Loan Workout Officer II

Next Role

Advancement

Promotions are the fastest way to increase your earnings. As a Loan Workout Officer II, 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
Commercial Loan Workout Officer III $133,702 74%
Loan Workout Officer III $106,268 39%

Most common benefits for Loan Workout Officer II

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Loan Workout Officer II

Here are companies hiring for Loan Workout Officer II and their salaries, click below for more details.

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FAQ about Loan Workout Officer II

1. Where can a Loan Workout Officer II earn the most?

A Loan Workout Officer II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Loan Workout Officer II earns the most in San Jose, CA, where the annual salary of a Loan Workout Officer II is $96,676.

2. What is the highest pay for Loan Workout Officer II?

The highest pay for Loan Workout Officer II is $84,106.

3. What is the lowest pay for Loan Workout Officer II?

The lowest pay for Loan Workout Officer II is $57,687.

4. What are the responsibilities of Loan Workout Officer II?

Responsible for developing and implementing loan workout plans that are designed to restructure problem loans. Works closely with borrowers, legal counsel, and internal stakeholders to preserve capital and maximize recovery. Analyzes financial data to restructure loan terms, secure collateral/assets, and facilitate settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.

5. What industry pays the highest salary for Loan Workout Officer II?

The Edu., Gov't. & Nonprofit industry offers the highest average compensation for Loan Workout Officer II roles, with salaries approximately 10% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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