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Salary and Benefits

Collections Manager
$51K-$62K / yr. (est.)
$51K
$56,806 / year
$62K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Collections Manager

What does a Collections Manager do?

Functioning as Collections Managers, our primary responsibility is to manage the financial collections and researchers of the department. We verify the data in the information of the financial collections and report them to the senior management of the company. We maintain the timely receiving of payment and provision of services to the customers within the deadlines. Working as Collections Managers, we are accountable for checking the accuracy and authenticity of the invoices of customers. We assist the staff members in the decisions making procedure. We deliver the orders of senior managers of the company to our staff members and guide them about the implementations of safety and security regulations on the work.

Core tasks:

  • training and coaching the newly hired staff members
  • ensuring the completion of payment collection goals
  • satisfying our customers with our services
  • negotiating with customers
  • ensuring the delivery of work on the given deadlines

Insights

How Many Years of Experience Do Professionals Need Before Becoming Collections Manager?
On average, people work 5-7 years in other positions prior to becoming a Collections Manager.
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Collections ManagerHouston, TX - A year ago
😤 Ugh, this kind of requirement is why people like me struggle to find opportunities. It's not fair!
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Collections ManagerPhoenix, AZ - A year ago
Why do I need previous experience? I could be great at being a Collections Manager without it!
How Long Do Collections Manager Employees Typically Stay in Their Roles?
On average, Collections Managers works in this position for 5+ years across multiple employers.
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Marketing SpecialistHouston, TX - A year ago
I never knew Collections Managers were in such demand! It's inspiring to see professionals thrive and progress in their careers. 🌟
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Delivery DriverMiami, FL - A year ago
5+ years of collections? No offense, but that sounds like a nightmare of a job! 😔
What Is the Job Hopper Score for Collections Manager Employees?
Moderate job changes in Collections Manager, showing some career movement without excessive turnover.
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Marketing ManagerDallas, TX - A year ago
🙌 I totally agree with you, Financial Analyst! A little shake-up here and there allows us to adapt and grow in our field of expertise as Collections Managers.
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IT SpecialistSan Francisco, CA - A year ago
let's face it, staying with one company for long only results in limited growth opportunities. Collections Manager, your career path will thank you for exploring other options!

Career path

Path to job

Discover a Collections Manager's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Collections Manager typically studied at.
Arizona State University-Tempe
Community College of the Air Force

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Collections Manager Employees?
Gender ratio in Collections Manager position: 0.561984941009071 Male and 0.438015058990929 Female. Age ratio in Collections Manager position: 16-20: 10%, 21-30: 54%, 31-40: 24%, 41-50: 9%, 51-60: 3%, 60+: 0%. Collections Manager position is predominantly male (56.2%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Collections ManagerPhiladelphia, PA - A year ago
I am a woman in my early thirties and aspired to be a Collections Manager, but faced obstacles because men typically get preference and better opportunities. It's unfair! 😡
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Collections ManagerPhoenix, AZ - A year ago
Let's not make assumptions without addressing underlying causes. Could there be any systemic reasons behind the gender disparity in the Collections Manager position?

Workplaces

Who Are the Top Employers for Collections Manager?
Top employers of Collections Manager position: American Red Cross, Discover, Navient. People who work in Collections Manager position most typically go on to work for the American Red Cross.
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Collections ManagerHouston, TX - A year ago
I have friends at the American Red Cross who work as Collections Managers and love their job! The infographic is accurate.
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Collections ManagerPhiladelphia, PA - A year ago
Discover being listed as a top employer for Collections Managers is simply incorrect. They have a bad reputation in the industry.
American Red Cross
Discover
Navient
What Industries Does Collections Manager Typically Have Experience In?
Industry Background: The most typical industries of Collections Manager: Finance & Insurance, Professional / Scientific / Technical, Administrative & Support, Arts / Entertainment / Recreation, Information Technology. Collections Manager employees most likely come from a Finance & Insurance industry background.
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Collections ManagerHouston, TX - A year ago
🤷 Maybe because some Collections Managers act like they're the boss and ignore genuine reasons for late payments.
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Collections ManagerMiami, FL - A year ago
I understand that dealing with late payments is tough, but can Collections Managers at least be more empathetic to customers facing financial difficulties?

Find your job as Collections Manager

Discussion about Collections Manager

Want to know more about Collections Manager position?
Share your thoughts and ideas about Collections Manager position with others in our community.
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How is the gender diversity among people working as a Collections Manager?
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Benjamin Gardner3 years ago
45% are women in this profession.
What is the typical age of people who work as a Collections Manager?
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Benjamin Gardner3 years ago
The typical age is 29 for a Collections Manager.
Is a Collections Manager considered to be a junior profession?
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Benjamin Gardner3 years ago
6 years of experience is needed on average for a Collections Manager.
Which industries are highly likely to employ a Collections Manager?
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Liam Brown3 years ago
Most typically work in the Finance & Insurance industry.
Is a degree needed to work as a Collections Manager?
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Liam Brown3 years ago
As a Collections Manager you’ll probably need No higher education
Which company is likely to have openings for Collections Manager positions?
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Benjamin Gardner3 years ago
It’s common for a Collections Manager to work for American Red Cross, Discover, Navient, U.S. Bank and Wells Fargo
How many years do people spend as a Collections Manager in their career path?
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Sophie Hayes3 years ago
You should work for more than 5 years before considering changing to another role.
How common is it for a Collections Manager to jump from company to company?
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Sophie Hayes3 years ago
The job hopper score is medium for a Collections Manager.
What jobs do people work in before becoming a Collections Manager?
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Isabella Holmes3 years ago
A Collections Manager probably worked as Collections Supervisor, Collector or Collections Specialist before
What can be the next step in your career path from Collections Manager?
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Sophie Hayes3 years ago
Vice President, Operations Manager or Credit Manager can be a good next step
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