How much does a Commercial Loan Workout Manager make in Michigan? The average Commercial Loan Workout Manager salary in Michigan is $170,500 as of March 26, 2024, but the range typically falls between $146,100 and $197,100. 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 | $123,885 | MI | March 26, 2024 |
25th Percentile Commercial Loan Workout Manager Salary | $146,100 | MI | March 26, 2024 |
50th Percentile Commercial Loan Workout Manager Salary | $170,500 | MI | March 26, 2024 |
75th Percentile Commercial Loan Workout Manager Salary | $197,100 | MI | March 26, 2024 |
90th Percentile Commercial Loan Workout Manager Salary | $221,318 | MI | 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
Salary.com's CompAnalyst platform offers:
Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $173,737 | Date Updated March 26, 2024 |
Location Acme, MI | Avg. Salary $162,511 | Date Updated March 26, 2024 |
Location Ada, MI | Avg. Salary $167,520 | Date Updated March 26, 2024 |
Location Addison, MI | Avg. Salary $173,564 | Date Updated March 26, 2024 |
Location Adrian, MI | Avg. Salary $170,974 | Date Updated March 26, 2024 |
Location Afton, MI | Avg. Salary $160,439 | Date Updated March 26, 2024 |
Location Ahmeek, MI | Avg. Salary $164,238 | Date Updated March 26, 2024 |
Location Akron, MI | Avg. Salary $160,612 | Date Updated March 26, 2024 |
Location Alanson, MI | Avg. Salary $160,439 | Date Updated March 26, 2024 |
Location Alba, MI | Avg. Salary $160,439 | 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 Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
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