As of July 01, 2026, the average hourly rate for a Collection Manager in the United States is $53, which translates to an annual salary of about $110,501.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A Collection 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, education, and company size can directly affect your earning potential.
Experience is a primary driver of a Collection 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 |
|---|---|---|
| Consumer Credit/Collections Analyst, Senior | 4-7 years | $79,886 |
| Credit and Collections Operations Supervisor | 7+ years | $74,171 |
| Collection Manager | 7+ years | $110,486 |
| Director Credit and Collections Operations | 7+ years | $159,284 |
| Vice President of Credit and Collections | 7+ years | $199,243 |
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 Collection Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Customer Service | 7.62% |
| Credit Card | 1.77% |
| Bond | 1.26% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Financial Services
|
$119,341 |
8%
|
|
PowerPoint
|
$118,236 |
7%
|
|
Project Management
|
$118,236 |
7%
|
|
Integrity
|
$116,026 |
5%
|
|
Verbal Communication
|
$116,026 |
5%
|
|
Collaboration
|
$116,026 |
5%
|
Collection Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $123,594. While startup companies pay approximate $104,524.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $104,524 |
| Growth Stage | 51~500 | $110,550 |
| Established | 501~5000 | $119,354 |
| Enterprise | 5000+ | $123,594 |
For Collection Manager roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Energy & Utilities sectors offer the strongest compensation, at 25% above the average. In contrast, Collection Manager positions in Edu., Gov't. & Nonprofit or MFG Nondurable typically offer lower base pay, as these industries often view Collection Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $138,126 | $66.0 | 25% |
| Energy & Utilities | $121,551 | $58.0 | 10% |
| Financial Services | $121,551 | $58.0 | 10% |
| Pharmaceuticals | $121,551 | $58.0 | 10% |
| Aerospace & Defense | $116,026 | $56.0 | 5% |
Your level of education can impact your salary potential. While many Collection Managers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Collection Manager with a Bachelor's Degree is between $105,456 and $113,994).
Collection Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.6% |
| High School | 27.0% |
| Associates | 16.4% |
| Bachelors | 40.4% |
| Masters | 12.7% |
| Doctorate | 1.0% |
Understanding how a Collection 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.
Last Updated on July 01, 2026Salaries for a Collection Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $98,774 in 2023 to around $99,491 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Collection Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $98,774 |
| 2024 | $99,824 |
| 2025 | $99,491 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Software & Networking industry offers the highest average compensation for Collection Manager roles, with salaries approximately 25% above the market median.
The Collection Manager has a salary range with a minimum of $97,701, a mid-level salary of $113,001, and a maximum of $129,901. Compared to other managerial roles, the Collection Manager's compensation is competitive, particularly when considering the mid and max salary figures.
Collection management refers to the librarianship area focused on overseeing collections. It involves selecting, acquiring, storing, and maintaining materials efficiently. Professionals in this field, such as Collection Managers, typically earn between $97,701 and $129,901, with a median salary of $113,001, reflecting the importance and expertise required in managing diverse collections.
To become a Collection Manager, a bachelor's degree in finance or a related field is typically required. This educational background equips candidates with essential skills in finance, statistics, data analytics, and auditing. The salary for Collection Managers ranges from $97,701 to $129,901, with a median salary of $113,001, reflecting the importance of this role in financial management.
Collection agencies typically earn a commission ranging from 25% to 50% based on the original invoice amount or the amount collected. Factors influencing the commission include the age of the debt, type, balance, and account usage. For a Collection Manager, salaries range from $97,701 to $129,901, with a midpoint of $113,001, reflecting the expertise required in managing collections effectively.
The highest paying job can vary by industry, but for a Collection Manager, the salary ranges from a minimum of $97,701 to a maximum of $129,901, with a mid-salary of $113,001. While this may not match the top-tier medical professions, it still offers a competitive salary within its field.
As a Collection Manager, you can expect to earn between $97,701 and $129,901 annually, with a mid-salary of $113,001. This range reflects the competitive nature of the role and the skills required. Your exact salary may vary based on experience, location, and the specific employer.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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