Average Collections Manager with Collection Development Skills Salary

$56,431
Avg. SalaryShow Hourly Rate
$4,932
Bonus
$12,500
Commission
$2,165
Profit Sharing
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The average salary for a Collections Manager with Collection Development skills is $56,431.
10%
$42k
MEDIAN
$56k
90%
$83k
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United States (change)
Salary
$42k - $83k
Bonus
$508 - $20k
Profit Sharing
$1k - $3k
Commission
$0 - $13k
Total Pay
$36k - $85k

Your Market Worth Over Time

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Job Description for Collections Manager

Collections Manager Tasks
  • Hire, manage, and motivate members of the collection team.
  • Manages small claims court documentation and makes decisions on accounts to be written off.
  • Oversee all general credit and collections processes.

Collections Manager Job Listings

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Popular Skills for Collections Manager

Skills in Accounts Receivable, Customer Service and Performance Management are correlated to pay that is above average. Skills that pay less than market rate include People Management and Bill Collections.

Pay by Experience Level for Collections Manager

An early career Collections Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $52,021 based on 26 salaries. A mid-career Collections Manager with 5-9 years of experience earns an average total compensation of $53,944 based on 35 salaries. An experienced Collections Manager with 10-19 years of experience earns an average total compensation of $58,177 based on 48 salaries. In their late career (20 years and higher), employees earn an average total compensation of $64,113.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Collections Manager in their job title in New York, New York earn an average of 27.4% more than the national average. These job titles also find higher than average salaries in Houston, Texas (12.5% more). The lowest salaries can be found in Orlando, Florida (12.5% less).

Years of Experience

This data is based on 144 survey responses.
Early Career
18.1%
Mid Career
24.3%
Experienced
33.3%
Late Career
24.3%

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