Average Experienced Collections Manager Salary

$57,021
Avg. SalaryShow Hourly Rate
$6,128
Bonus
$6,000
Commission
$5,500
Profit Sharing
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The average salary for an Experienced Collections Manager is $57,021.
10%
$43k
10%
$57k
50%
$78k
90%
90%
MEDIAN $57,021
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United States (change)
Salary
$43k - $78k
Bonus
$1k - $20k
Profit Sharing
$0 - $6k
Commission
$750 - $34k
Total Pay
$36k - $81k

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.

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 in People Management, Collection Development and Customer Service are correlated to pay that is above average. Skills that pay less than market rate include Accounts Receivable 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 $47,802 based on 183 salaries. A mid-career Collections Manager with 5-9 years of experience earns an average total compensation of $54,216 based on 226 salaries. In their late career (20 years and higher), employees earn an average total compensation of $61,144.
Employees with Collections Manager in their job title in Boston, Massachusetts earn an average of 25.4% more than the national average. These job titles also find higher than average salaries in Houston, Texas (5.2% more) and Chicago, Illinois (4.8% more). The lowest salaries can be found in Tampa, Florida (18.5% less), Atlanta, Georgia (14.1% less) and Dallas, Texas (10.1% less).

Years of Experience

This data is based on 615 survey responses.
Early Career
29.8%
Mid Career
36.7%
Late Career
33.5%

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