How much does a Banking & Commercial Loan Workout Manager make hourly in the United States? The average hourly wage for a Banking & Commercial Loan Workout Manager in the United States is $83 as of March 26, 2024, but the range typically falls between $71 and $96. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Hourly Pay Rate | Location | Last Updated |
10th Percentile Banking & Commercial Loan Workout Manager Salary | $60 | US | March 26, 2024 |
25th Percentile Banking & Commercial Loan Workout Manager Salary | $71 | US | March 26, 2024 |
50th Percentile Banking & Commercial Loan Workout Manager Salary | $83 | US | March 26, 2024 |
75th Percentile Banking & Commercial Loan Workout Manager Salary | $96 | US | March 26, 2024 |
90th Percentile Banking & Commercial Loan Workout Manager Salary | $108 | US | March 26, 2024 |
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Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & 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. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description
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A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Banking & Commercial Loan Workout Manager, the first career path typically progresses to Loan Workout Manager.
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Banking & Commercial Loan Workout Manager salary varies from city to city. Compared with national average salary of Banking & Commercial Loan Workout Manager, the highest Banking & Commercial Loan Workout Manager salary is in San Francisco, CA, where the Banking & Commercial Loan Workout Manager salary is 25.0% above. The lowest Banking & Commercial Loan Workout Manager salary is in Miami, FL, where the Banking & Commercial Loan Workout Manager salary is 3.5% lower than national average salary.
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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 |
Jobs with different levels of education may pay very differently. Check the Banking & Commercial Loan Workout Manager salary of your education level.
Geographic variations impact Banking & Commercial Loan Workout Manager salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Banking & Commercial Loan Workout Manager salary varies from category to category. Click below to see Banking & Commercial Loan Workout Manager salary in different categories.
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Skills associated with Banking & Commercial Loan Workout Manager: Loss Mitigation, Banking Software, Negotiation, Debt Restructuring ...More
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