Average Collections Manager Salary in Chicago, Illinois

$52,565
Avg. SalaryShow Hourly Rate
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The average salary for a Collections Manager in Chicago, Illinois is $52,565.
10%
$41k
10%
$53k
50%
$84k
90%
90%
MEDIAN $52,565
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United States (change)
Salary
$41k - $84k
Total Pay
$39k - $88k

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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.

Career Paths

Explore the most common career paths for Collections Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Collections Manager
Credit / Collections Manager
Collections Specialist
Accounts Receivable Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Collections Manager Job Listings

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Popular Skills for Collections Manager

Skills that pay less than market rate include Accounts Receivable, 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 $52,500 based on 5 salaries. A mid-career Collections Manager with 5-9 years of experience earns an average total compensation of $49,997 based on 6 salaries. An experienced Collections Manager with 10-19 years of experience earns an average total compensation of $59,749 based on 10 salaries. In their late career (20 years and higher), employees earn an average total compensation of $66,000.
Employees with Collections Manager in their job title in San Antonio, Texas earn an average of 23.7% more than the national average. These job titles also find higher than average salaries in New York, New York (21.5% more) and Houston, Texas (17.9% more). The lowest salaries can be found in Indianapolis, Indiana (11.6% less), Atlanta, Georgia (4.8% less) and Orlando, Florida (3.6% less).

Years of Experience

This data is based on 26 survey responses.
Early Career
19.2%
Mid Career
23.1%
Experienced
38.5%
Late Career
19.2%

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