As of March 01, 2025, the average annual salary for a Loan Workout Manager in the United States is $170,037. Salary.com reports that pay typically ranges from $143,357 to $212,884, with most professionals earning between $119,066 and $251,893.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $212,884 | $17,740 | $4,094 | $102 |
| Average | $170,037 | $14,170 | $3,270 | $82 |
| 25th Percentile | $143,357 | $11,946 | $2,757 | $69 |
An entry-level Loan Workout Manager with less than 1 year of experience earns about $158,383. With 1-2 years of experience, the average salary increases to $159,565. For 2-4 years of experience, the pay typically rises to $162,322. Senior-level professionals with 5-8 years of experience earn around $165,473, and those with over 8 years of experience can expect an average of $172,659.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Manager | $158,383 |
| Intermediate Level Loan Workout Manager | $159,565 |
| Senior Level Loan Workout Manager | $162,322 |
| Specialist Level Loan Workout Manager | $165,473 |
| Expert Level Loan Workout Manager | $172,659 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 2% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Loan Workout Manager compensation over the past six years. For example, the median salary increased from $126,656 in 2023 to approximately $126,845 in 2024. (For a detailed analysis of Loan Workout Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Loan Workout Manager information for you to search for. Click on search button below to see Loan Workout Manager job openings or enter a new job title here.
Here are companies hiring for Loan Workout Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $170,037 | 73.5% | ||
| Bonus | $2,157 | 0.9% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $12,950 | 5.6% | ||
| 401K/403B | $8,093 | 3.5% | ||
| Disability | $1,378 | 0.6% | ||
| Healthcare | $6,056 | 2.6% | ||
| Pension | $9,471 | 4.1% | ||
| Time Off | $21,193 | 9.2% | ||
| Total Compensation | $231,334 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Associates | 25.0% |
| Bachelors | 75.0% |
What Am I Worth?
The average annual salary of Loan Workout Manager is $170,037. In case you are finding an easy salary calculator, the average hourly pay of Loan Workout Manager is $82; the average weekly pay of Loan Workout Manager is $3,270; the average monthly pay of Loan Workout Manager is $14,170.
A Loan Workout Manager'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 Manager earns the most in San Jose, CA, where the annual salary of a Loan Workout Manager is $213,397.
The highest pay for Loan Workout Manager is $251,893.
The lowest pay for Loan Workout Manager is $119,066.
Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience.
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.
Bond: Bonds are issued by borrowers to raise money from investors willing to lend them money for a certain amount of time.
Consumer Loans: a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).
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.
