As of March 01, 2025, the average annual salary for a Loan Workout Officer I in the United States is $73,229. Salary.com reports that pay typically ranges from $65,349 to $86,472, with most professionals earning between $58,174 and $98,529.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $86,472 | $7,206 | $1,663 | $42 |
| Average | $73,229 | $6,102 | $1,408 | $35 |
| 25th Percentile | $65,349 | $5,446 | $1,257 | $31 |
An entry-level Loan Workout Officer I with less than 1 year of experience earns about $71,253. With 1-2 years of experience, the average salary increases to $72,183. For 2-4 years of experience, the pay typically rises to $74,762. Senior-level professionals with 5-8 years of experience earn around $76,327, and those with over 8 years of experience can expect an average of $76,718.
| Levels | Salary |
|---|---|
| Entry Level Loan Workout Officer I | $71,253 |
| Intermediate Level Loan Workout Officer I | $72,183 |
| Senior Level Loan Workout Officer I | $74,762 |
| Specialist Level Loan Workout Officer I | $76,327 |
| Expert Level Loan Workout Officer I | $76,718 |
| Entry Level | 3% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 4% |
| Experienced | 5% |
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 Officer I compensation over the past six years. For example, the median salary increased from $57,349 in 2023 to approximately $57,282 in 2024. (For a detailed analysis of Loan Workout Officer I 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 Officer I information for you to search for. Click on search button below to see Loan Workout Officer I job openings or enter a new job title here.
Here are companies hiring for Loan Workout Officer I and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $73,229 | 68.0% | ||
| Bonus | $4,437 | 4.1% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,941 | 5.5% | ||
| 401K/403B | $3,650 | 3.4% | ||
| Disability | $621 | 0.6% | ||
| Healthcare | $6,056 | 5.6% | ||
| Pension | $4,272 | 4.0% | ||
| Time Off | $9,559 | 8.9% | ||
| Total Compensation | $107,765 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 26.9% |
| Associates | 23.1% |
| Bachelors | 38.5% |
| Masters | 11.5% |
What Am I Worth?
The average annual salary of Loan Workout Officer I is $73,229. In case you are finding an easy salary calculator, the average hourly pay of Loan Workout Officer I is $35; the average weekly pay of Loan Workout Officer I is $1,408; the average monthly pay of Loan Workout Officer I is $6,102.
A Loan Workout Officer I'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 Officer I earns the most in San Jose, CA, where the annual salary of a Loan Workout Officer I is $91,902.
The highest pay for Loan Workout Officer I is $98,529.
The lowest pay for Loan Workout Officer I is $58,174.
Loan Workout Officer I restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer I typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer I typically requires 0-2 years of related experience.
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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.)
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