Salary for
Banking & Commercial Loan Workout Manager in the United States

How much does a Banking & Commercial Loan Workout Manager earn in the United States? The average Banking & Commercial Loan Workout Manager salary in the United States is $152,346 as of March 28, 2019, but the range typically falls between $130,488 and $176,087. Salary ranges 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.  View Cost of Living in Major Cities

Job Description

Manages a staff of professionals in restructuring problem business banking and commercial loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. May require a bachelor's degree. Typically reports to top management. 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. Extensive knowledge of department processes. Typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.

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Salary range for a Banking & Commercial Loan Workout Manager
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Average Base Salary

Core compensation

 
 
 
130488
176087
152346

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
147978
212742
173416
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Banking & Commercial Loan Workout Manager in the United States. The base salary for Banking & Commercial Loan Workout Manager ranges from $130,488 to $176,087 with the average base salary of $152,346. The total compensation, which includes bonus, health and retirement, can vary anywhere from $147,978 to $212,742 with the average total compensation of $173,416.
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130488
176087
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Career Path for this job

  1. Down a level:

    Loan Workout Officer III

    4 - 7 years experience
    Bachelor's Degree

  2. This Job:

    Banking & Commercial Loan Workout Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Loan Workout Manager


    Bachelor's Degree

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Job Openings for Banking & Commercial Loan Workout Manager