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Hourly Wage for Loan Workout Officer I Salary in the United States

How much does a Loan Workout Officer I make hourly?

As of October 01, 2026, the average hourly rate for a Loan Workout Officer I in the United States is $30, which translates to an annual salary of about $62,910.

However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:

  • Top Earners (90th percentile): $36 per hour
  • Majority Range (25th-75th percentile): $28 to $33 per hour
  • Entry-Level (10th percentile): $26 per hour
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Loan Workout Officer I Salaries

A Loan Workout Officer I'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 and company size can directly affect your earning potential.

How Experience Level Affects Loan Workout Officer I Salaries?

Experience is a primary driver of a Loan Workout Officer I'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:

  • Loan Workout Officer I (0-2 years): $62,910
  • Loan Workout Officer II (2-4 years): $76,648
  • Loan Workout Officer III (4-7 years): $106,268
  • Loan Workout Officer IV (7+ years): $137,600
  • Loan Workout Manager (7+ years): $148,528
Job Role Years of Experience Average Salary
Loan Workout Officer I0-2 years$62,910
Loan Workout Officer II2-4 years$76,648
Loan Workout Officer III4-7 years$106,268
Loan Workout Officer IV7+ years$137,600
Loan Workout Manager7+ years$148,528
View as Graph

How Do Loan Workout Officer I Salaries Vary from State to State?

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 Officer Is. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $69,654.
  • California: $69,390.
  • Massachusetts: $68,465.

Top Paying Cities for Loan Workout Officer Is

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $79,348
  • San Francisco: $78,480
  • Oakland: $76,826

Loan Workout Officer I Salary by Company Size: Startups vs. Enterprise

Loan Workout Officer I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $67,042. While startup companies pay approximate $56,948.

Loan Workout Officer I Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $56,948
Growth Stage 51~500 $60,179
Established 501~5000 $64,783
Enterprise 5000+ $67,042

Loan Workout Officer I Salary by Industry: Top Paying Sectors

For Loan Workout Officer I roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Loan Workout Officer positions in Business Services typically offer lower base pay, as this sector often view Loan Workout Officer I as a support function rather than a direct revenue driver.

The top paying industry for a Loan Workout Officer I

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$69,201$33.010%

Loan Workout Officer I Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Workout Officer I'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 October 01, 2026
$58,286
Average $62,910/year
$68,909
$4,857
Average $5,243/month
$5,742
$1,121
Average $1,210/week
$1,325
$28
Average $30/hour
$33
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $68,909 $5,742 $1,325 $33
Average $62,910 $5,243 $1,210 $30
25th Percentile $58,286 $4,857 $1,121 $28

Most common benefits for Loan Workout Officer I

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Loan Workout Officer I

Here are companies hiring for Loan Workout Officer I and their salaries, click below for more details.

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FAQ about Loan Workout Officer I

1. What are the responsibilities of Loan Workout Officer I?

Responsible for developing and implementing loan workout plans that are designed to restructure problem loans. Works closely with borrowers, legal counsel, and internal stakeholders to preserve capital and maximize recovery. Analyzes financial data to restructure loan terms, secure collateral/assets, and facilitate settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.

Where Does Our Salary Data Come From?

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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