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As of August 01, 2026, the average salary for a Billing and Collections Manager in Illinois is $101,990 per year, which breaks down to an hourly rate of $49.
However, a Billing and Collections Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Billing and Collections Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $108,490 | $9,041 | $2,086 | $52 |
| Average | $101,990 | $8,499 | $1,961 | $49 |
| 25th Percentile | $88,090 | $7,341 | $1,694 | $42 |
Corcentric - Downers Grove, IL
Sterling Engineering - Chicago, IL
chicagotherapycollective.org - Chicago, IL
Legacy Healthcare - Skokie, IL
A Billing and Collections Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Billing and Collections Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Accounts Receivable Specialist IV | 7+ years | $86,992 |
| Accounts Receivable Operations Supervisor | 7+ years | $74,232 |
| Accounts Receivable Operations Senior Supervisor | 7+ years | $88,835 |
| Billing and Collections Manager | 7+ years | $101,984 |
| Accounts Receivable Operations Senior Manager | 7+ years | $140,896 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Billing and Collections Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Billing and Collections Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $114,172. While startup companies pay approximate $96,587.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $96,587 |
| Growth Stage | 51~500 | $102,152 |
| Established | 501~5000 | $110,253 |
| Enterprise | 5000+ | $114,172 |
For Billing and Collections Manager roles, the industry you choose can affect earning potential by as much as 35% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Financial Services sectors offer the strongest compensation, at 20% above the average. In contrast, Billing and Collections Manager positions in Edu., Gov't. & Nonprofit or MFG Nondurable typically offer lower base pay, as these industries often view Billing and Collections Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $122,388 | $59.0 | 20% |
| Financial Services | $117,288 | $56.0 | 15% |
| Aerospace & Defense | $112,189 | $54.0 | 10% |
| Internet | $109,129 | $52.0 | 7% |
| Business Services | $107,090 | $51.0 | 5% |
Understanding how a Billing and Collections Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $108,490 | $9,041 | $2,086 | $52 |
| Average | $101,990 | $8,499 | $1,961 | $49 |
| 25th Percentile | $88,090 | $7,341 | $1,694 | $42 |
For a Billing and Collections Manager, the most direct path to higher earnings is advancing to the Accounts Receivable Operations Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $140,900 - a projected growth of 38% over your current level.
Ready to take the next step in your career? Browse thousands of current Billing and Collections Manager job openings on our job board. Use the search bar below to find your perfect match.
Huron Consulting Group
Chicago, IL
Huron Consulting Group | Chicago, IL
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Addison Group
Chicago, IL
Addison Group | Chicago, IL
Job Description. Job Description. Job Title. Billing & Revenue Cycle Manager. Industry. Healthcare / Behavioral Health. Location (city, state). Chicago, IL... more
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Ann & Robert H. Lurie Children’s Hospital of Chicago Foundation
Chicago, IL
Ann & Robert H. Lurie Children’s Hospital of Chicago Foundation | Chicago, IL
DescriptionProvides leadership and direction to the revenue cycle department.Ensure all hospital accounts are billed as cleanly as possible.Ensures all cla... more
4 Days Ago
ASO - ADA S. MCKINLEY COMM SRVCS, INC.
Chicago, IL
ASO - ADA S. MCKINLEY COMM SRVCS, INC. | Chicago, IL
Job Description. Job Description. Position Summary. The Billing Manager is responsible for overseeing the daily operations of the billing department to ens... more
5 Days Ago
AEG Vision
Alton, IL
AEG Vision | Alton, IL
The primary purpose of this position is to create claims invoices to 3rd party insurance carriers for commercial products and to monitor aging to ensure pr... more
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