Collections Managers with Negotiation skills are often veterans in their line of work, with somewhere between two-thirds and three-fourths bringing more than 10 years of experience to the table. Salaries slide in at $61K per year on average but can range from $37K to $94K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A fair number report receiving medical coverage from their employers and a strong majority collect dental insurance. Most Collections Managers with Negotiation skills report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$40,203 - $86,214
(Median)
$40K
$61K
$86K
MEDIAN: $60,887
10%
50%
90%

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$11.99 - $23.41
(Median)
$12
$17
$23
MEDIAN: $17.00
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$32K$64K$96K
Salary
$40,203 - $86,214  
   
Bonus
$1,825 - $15,163  
Profit Sharing
$3,052  
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).
)
$37,257 - $93,521  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 119
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$16$32$48
Hourly Rate
$11.99 - $23.41  
   
Overtime
$25.89  
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$32K$64K$96K
Bonus
$1,825 - $15,163  
   
Commission
$5,500  
Profit Sharing
$3,052  
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).
)
$37,257 - $93,521  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 22
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Pay by Experience Level for Credit / Collections Manager

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


Survey participants with less than five years' experience pocket $41K on average, but those with five to 10 years of experience enjoy a much bigger median of $51K. For Collections Managers with Negotiation skills, 10 to 20 years of experience on the job amounts to an average salary of $62K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $61K.

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Experience Affects Credit / Collections Manager Salaries

Experienced
up arrow 6%

Late-Career
up arrow 5%

National Average
$58,000

Mid-Career
up arrow 13%

Entry-Level
up arrow 30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

1-4 years
9%
5-9 years
18%
10-19 years
38%
20 years or more
35%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 70%
medical benefits
Vision: 58%
dental benefits
None: 16%
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