As of May 01, 2026, the average salary for a Collection Manager in the United States is $110,501 per year, which breaks down to an hourly rate of $53.
However, a Collection Manager's salary can vary significantly. Here’s a look at the typical salary range:
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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 | $79,888 |
| Credit and Collections Operations Supervisor | 7+ years | $74,150 |
| Collection Manager | 7+ years | $110,486 |
| Director Credit and Collections Operations | 7+ years | $159,250 |
| Vice President of Credit and Collections | 7+ years | $199,285 |
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%
|
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 May 01, 2026For a Collection Manager, the most direct path to higher earnings is advancing to the Director Credit and Collections Operations role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $159,300 - a projected growth of 44% over your current level.
Salaries 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 |
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|
| 2023 | $98,774 |
| 2024 | $99,824 |
| 2025 | $99,491 |
| 2026 |
View More
|
| 2027 |
View More
|
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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 provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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