How much does a Commercial Loan Workout Manager make in Massachusetts? The average Commercial Loan Workout Manager salary in Massachusetts is $187,900 as of March 26, 2024, but the range typically falls between $161,000 and $217,200. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Commercial Loan Workout Manager Salary | $136,509 | MA | March 26, 2024 |
25th Percentile Commercial Loan Workout Manager Salary | $161,000 | MA | March 26, 2024 |
50th Percentile Commercial Loan Workout Manager Salary | $187,900 | MA | March 26, 2024 |
75th Percentile Commercial Loan Workout Manager Salary | $217,200 | MA | March 26, 2024 |
90th Percentile Commercial Loan Workout Manager Salary | $243,876 | MA | March 26, 2024 |
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The Commercial Loan Workout Manager may require a bachelor's degree. Manages a staff of professionals in restructuring problem business banking and commercial loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Manager typically reports to top management. The Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
4 - 7 years experience
Bachelor's Degree
5 + years experience
Bachelor's Degree
Bachelor's Degree
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Attleboro, MA | Avg. Salary $181,163 | Date Updated March 26, 2024 |
Location Barnstable, MA | Avg. Salary $183,063 | Date Updated March 26, 2024 |
Location Fitchburg, MA | Avg. Salary $184,099 | Date Updated March 26, 2024 |
Location Hyannis, MA | Avg. Salary $182,372 | Date Updated March 26, 2024 |
Location Leominster, MA | Avg. Salary $181,854 | Date Updated March 26, 2024 |
Location Malden, MA | Avg. Salary $193,597 | Date Updated March 26, 2024 |
Location Methuen, MA | Avg. Salary $184,444 | Date Updated March 26, 2024 |
Location Newton, MA | Avg. Salary $193,597 | Date Updated March 26, 2024 |
Location Revere, MA | Avg. Salary $193,597 | Date Updated March 26, 2024 |
Location Weymouth, MA | Avg. Salary $188,589 | Date Updated March 26, 2024 |
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Commercial Loan Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Review Manager | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Commercial Loan Workout Officer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
About Massachusetts Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an are....More
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