Billing and Collections Analyst I Salary in the United States

FAQ about Billing and Collections Analyst I

1. What industry pays the highest salary for Billing and Collections Analyst I?

The Energy & Utilities industry offers the highest average compensation for Billing and Collections Analyst I roles, with salaries approximately 40% above the market median.

2. Can I make 100k as a data analyst?

As a Billing and Collections Analyst, the salary range typically falls between $48,390 and $64,890, with a mid-salary of $55,890. Achieving a salary of $100,000 in this role is unlikely, as it exceeds the standard compensation range for this position.

3. How much does a collection analyst make?

A Billing and Collections Analyst typically earns between $48,390 and $64,890 annually, with a median salary of around $55,890. Salaries can vary based on location, experience, and industry. For instance, cities like San Francisco and Santa Clara offer competitive salaries, often exceeding the median range.

4. Do you need a degree to be a collections specialist?

An aspiring Collections Specialist should have some background in finance, though a formal degree beyond a high school diploma is not necessary. Two to three years of previous experience with a collections agency or similar work is preferred. Basic computer proficiency is a must, especially with Microsoft Office tools. The salary for this role typically ranges from $48,390 to $64,890, with a midpoint of $55,890.

5. What does a collection analyst do?

A collection analyst is responsible for overseeing bill accounts to ensure that individuals with outstanding debts make their payments. The salary for this role typically ranges from $48,390 to $64,890, with a midpoint of $55,890, reflecting the importance of effective debt management in maintaining financial health.

6. Do you need a degree to be a billing analyst?

While a degree is not always mandatory for a billing analyst position, many employers prefer candidates with a bachelor's degree in business or accounting. Relevant work experience in financial analysis, billing, invoicing, or collections can also be valuable. The salary for this role typically ranges from $48,390 to $64,890, with a midpoint of $55,890.

7. How much does a collection specialist make at One Main Financial?

The estimated total pay range for a Billing and Collections Analyst is approximately $48,390 to $64,890 annually. The average salary for this position is around $55,890 per year. This includes base salary and any additional compensation.