As of July 01, 2026, the average hourly rate for a Loan Workout Manager in the United States is $71, which translates to an annual salary of about $148,566.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A Loan Workout Manager'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.
Experience is a primary driver of a Loan Workout Manager'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 |
|---|---|---|
| Loan Workout Officer II | 2-4 years | $76,615 |
| Loan Workout Officer III | 4-7 years | $106,211 |
| Loan Workout Officer IV | 7+ years | $137,519 |
| Loan Workout Manager | 7+ years | $148,566 |
| Loan Workout Senior Manager | 7+ years | $200,298 |
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 Loan Workout Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Accountability | 5.26% |
| ACH | 5.26% |
| Bond | 5.26% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Banking System
|
$176,794 |
19%
|
|
ACH
|
$160,451 |
8%
|
|
Accountability
|
$158,966 |
7%
|
|
Coaching
|
$150,052 |
1%
|
|
Organizational Skills
|
$150,052 |
1%
|
Loan Workout Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $158,475. While startup companies pay approximate $134,484.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $134,484 |
| Growth Stage | 51~500 | $142,131 |
| Established | 501~5000 | $153,179 |
| Enterprise | 5000+ | $158,475 |
For Loan Workout Manager roles, the industry you choose can impact your earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Business Services, offers compensation 25% above the average. Conversely, Loan Workout Manager positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Loan Workout Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Business Services | $185,708 | $89.0 | 25% |
Your level of education can impact your salary potential. While many Loan Workout Managers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Loan Workout Manager with a Bachelor's Degree is between $157,595 and $174,557).
Loan Workout Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 25.0% |
| High School | 75.0% |
| Associates | 25.0% |
| Bachelors | 75.0% |
| Masters | 0.0% |
| Doctorate | 0.0% |
Understanding how a Loan Workout Manager'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 July 01, 2026Salaries for a Loan Workout Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $126,656 in 2023 to around $123,883 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Loan Workout Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $126,656 |
| 2024 | $126,845 |
| 2025 | $123,883 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Business Services industry offers the highest average compensation for Loan Workout Manager roles, with salaries approximately 25% above the market median.
Manages a team responsible for restructuring loans. Oversees the design and implementation of loan workout plans. Develops strategies to assist lenders and borrowers in restructuring loan terms, securing collateral/assets, and facilitating settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a director. 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. 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.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.
ACH: An automated clearing house is a computer-based electronic network for processing transactions, usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits
Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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