Banking Collector Salary

Banking Collectors in the United States pull down an average of $15.95 per hour. A strong majority report receiving medical coverage from their employers and a fair number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 50 percent. Male Banking Collectors are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 50 percent of the field. Most people on this career path report moderate levels of job satisfaction. The data in this summary comes from the PayScale salary survey.

$30,709 - $51,500
$31K
$38K
$51K
MEDIAN: $38,457
10%
50%
90%

Add this chart to your site: 640px    300px

$12.79 - $20.21
$13
$16
$20
MEDIAN: $15.95
10%
50%
90%

Add this chart to your site: 640px    300px

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
$30,709 - $51,500  
   
Bonus
$408.51 - $11,745  
Commission
$5,500  
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).
)
$27,148 - $45,587  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 15
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
$12.79 - $20.21  
   
Overtime
$20.32 - $28.27  
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  
   
Commission
$5,500  
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).
)
$27,148 - $45,587  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 37

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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


Add this chart to your site:   640px 640px    300px 300px


Banking Collectors often transition into Collections Manager positions, for which compensation tends to be much higher. On average, Collections Managers earn $49K per year.

Loan Collector Job Listings

Search for more jobs:

Pay by Experience Level for Banking Collector

Pay by Experience for a Banking Collector has a positive trend. An entry-level Banking Collector with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Banking Collector with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 18 salaries. An experienced Banking Collector which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 11 salaries. A Banking Collector with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $41,000 based on 6 salaries.

Related Job Salaries

Key Stats for Banking Collector

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
Less than 1 year
2%
1-4 years
37%
5-9 years
29%
10-19 years
19%
20 years or more
13%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Banking Collector Salaries

Late-Career
▲9%

Experienced
▲8%

Mid-Career
▲5%

National Average
$38,000

Entry-Level
▼16%

Skills That Affect Banking Collector Salaries

National Average
$38,000

bill collections
▼1%

Collections
▼13%

Job Satisfaction

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

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
29%
10-19 years
19%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 74%
vision benefits
Vision: 57%
no benefits
None: 17%
ADVERTISEMENT