Average Early-Career Collections Manager Salary in Chicago, Illinois

$52,500
Avg. SalaryShow Hourly Rate
$1,500
Bonus
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The average salary for an Early-Career Collections Manager in Chicago, Illinois is $52,500.
25%
$45k
MEDIAN
$53k
75%
$62k
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United States (change)
Salary
$45k - $62k
Bonus
$0 - $2k
Total Pay
$41k - $64k

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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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Pay by Experience Level for Collections Manager

A mid-career Collections Manager with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) 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.

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 14.3% more than the national average. The lowest salaries can be found in Indianapolis, Indiana (20.0% less), Orlando, Florida (11.0% less) and Atlanta, Georgia (9.5% less).

Years of Experience

This data is based on 21 survey responses.
Mid Career
28.6%
Experienced
47.6%
Late Career
23.8%

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