Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between loan workout officers and loan officers assistant can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a loan workout officer and a loan officer assistant. Additionally, a loan workout officer has an average salary of $46,768, which is higher than the $45,681 average annual salary of a loan officer assistant.
The top three skills for a loan workout officer include financial statements, commercial loans and SBA. The most important skills for a loan officer assistant are customer service, origination, and loan process.
| Loan Workout Officer | Loan Officer Assistant | |
| Yearly salary | $46,768 | $45,681 |
| Hourly rate | $22.48 | $21.96 |
| Growth rate | 4% | 4% |
| Number of jobs | 61,309 | 65,094 |
| Job satisfaction | 4 | 4 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 53% |
| Average age | 45 | 45 |
| Years of experience | 6 | 6 |
Loan workout officers and loan officers assistant have different pay scales, as shown below.
| Loan Workout Officer | Loan Officer Assistant | |
| Average salary | $46,768 | $45,681 |
| Salary range | Between $28,000 And $75,000 | Between $28,000 And $72,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Stifel Financial |
| Best paying industry | - | Finance |
There are a few differences between a loan workout officer and a loan officer assistant in terms of educational background:
| Loan Workout Officer | Loan Officer Assistant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | SUNY at Binghamton |
Here are the differences between loan workout officers' and loan officers assistant' demographics:
| Loan Workout Officer | Loan Officer Assistant | |
| Average age | 45 | 45 |
| Gender ratio | Male, 72.9% Female, 27.1% | Male, 28.8% Female, 71.2% |
| Race ratio | Black or African American, 8.6% Unknown, 4.7% Hispanic or Latino, 16.6% Asian, 6.5% White, 63.2% American Indian and Alaska Native, 0.5% | Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |