The average Banking Collector in the United States earns approximately $15.19 per hour. Although a strong majority have medical coverage and more than half have dental coverage, approximately one-fifth claim no health benefits at all. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. Work is reasonably fulfilling for most Banking Collectors — the majority report average levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$29,590 - $51,064
$30K
$38K
$51K
MEDIAN: $37,821
10%
50%
90%

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$12.47 - $19.57
$12
$15
$20
MEDIAN: $15.19
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$18K$36K$54K
Salary
$29,590 - $51,064  
   
Bonus
$408.51 - $11,745  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,634 - $45,875  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 16
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$10$20$30
Hourly Rate
$12.47 - $19.57  
   
Overtime
$25.74  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$20K$40K$60K
Bonus
$408.51 - $11,745  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,634 - $45,875  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 32

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Banking Collector

  • Monitors the sale of collateral property to recover value of the loan.
  • Negotiates repayment plans, recommends accounts for legal action.
  • Maintains files and documentation, handles issues that may arise in the effort to recover money from loans.
  • Contacts customer in order to collect money on charged-off loans or existing delinquent loans.

Common Career Paths for Banking Collector


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Banking Collectors might see a strong upturn in salary after transitioning into upper-level roles such as Collections Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $49K per year.

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Pay by Experience Level for Banking Collector

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For Banking Collectors, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $31K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $39K. Banking Collectors claiming one to two decades of experience make an estimated median of $41K. Veterans who have surpassed the 20-year mark may make no more than those who are navigating the mid-career stage.

Related Job Salaries

Key Stats for Banking Collector

Gender

Female
54 %
Male
46 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
037
Less than 1 year
2%
1-4 years
38%
5-9 years
33%
10-19 years
15%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Banking Collector Salaries

Experienced
up arrow 19%

Late-Career
up arrow 19%

Mid-Career
up arrow 13%

National Average
$35,000

Entry-Level
up arrow 10%

Skills That Affect Banking Collector Salaries

bill collections
up arrow 2%

National Average
$35,000

Collections
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
33%
10-19 years
15%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 70%
vision benefits
Vision: 52%
dental benefits
None: 21%
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