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What is the salary range of Credit and Collections Manager?

As of November 01, 2024, the average annual pay of Credit and Collections Manager in the United States is $112,337. While Salary.com is seeing that Credit and Collections Manager salary in the US can go up to $144,471 or down to $83,318, but most earn between $97,148 and $129,157. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Credit and Collections Manager in the United States.

Credit and Collections Manager Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $129,157 $10,763 $2,484 $62
Average $112,337 $9,361 $2,160 $54
25th Percentile $97,148 $8,096 $1,868 $47

Average Salary

25% $97,148 10% $83,318 90% $144,471 75% $129,157 $112,337 50%(Median) Didn’t find job title? Click
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What is the salary range of Credit and Collections Manager?

As of November 01, 2024, the average annual pay of Credit and Collections Manager in the United States is $112,337. While Salary.com is seeing that Credit and Collections Manager salary in the US can go up to $144,471 or down to $83,318, but most earn between $97,148 and $129,157. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Credit and Collections Manager in the United States.

What is the hourly and monthly salary as a Credit and Collections Manager?

As of November 01, 2024, the average hourly salary is $54 (range: $40 to $69); the average monthly salary is $9,361 (range: $6,943 to $12,039).

Click the switch button below to see weekly and yearly salary of a Credit and Collections Manager.

Last Updated on November 01, 2024
Last Updated on November 01, 2024

What are the salaries of Credit and Collections Manager with different levels of experience?

As of November 01, 2024, Salary.com is seeing that an entry-level Credit and Collections Manager with under 1 year experience makes about $106,396. With less than 2 years of experience, a mid-level Credit and Collections Manager makes around $107,074. After 2-4 years, the Credit and Collections Manager pay rises to about $108,657. Those senior Credit and Collections Manager with 5-8 years of experience earn roughly $110,466, and those Credit and Collections Manager having 8 years or more experience is expected to earn about $113,802 on average.

Levels Salary
Entry Level Credit and Collections Manager $106,396
Intermediate Level Credit and Collections Manager $107,074
Senior Level Credit and Collections Manager $108,657
Specialist Level Credit and Collections Manager $110,466
Expert Level Credit and Collections Manager $113,802
$106,396 0 yr
$107,074 < 2 yrs
$108,657 2-4 yrs
$110,466 5-8 yrs
$113,802 > 8 yrs
Last Updated on November 01, 2024
Entry Level 5%
Mid Level 5%
Senior Level 3%
Top Level 2%
Experienced 1%
View as graph
Last Updated on November 01, 2024

How much does salary of Credit and Collections Manager vary from state to state?

How much does salary of Credit and Collections Manager vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of November 01, 2024, the average yearly salary of Credit and Collections Manager in San Francisco, CA is $140,422 and in New York, NY, the average annual salary goes to $131,210. While a Credit and Collections Manager earns $125,930 per year in Boston, MA.

What is the salary trend of Credit and Collections Manager?

For those exploring the changing dynamics of Credit and Collections Manager salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of November 01, 2024, our research highlights a notable shift in Credit and Collections Manager compensation over the past six years. For instance, the median salary has moved from $98,774 in 2023 to about $99,824 in 2024 (for a comprehensive analysis of Credit and Collections Manager salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Credit and Collections Manager Over Time

2020
$???
2021
$???
2022
$???
$98,774
2023
$99,824
2024
$99,491
2025
2026
$???
Last Updated on November 01, 2024
2020
$???
2021
$???
2022
$???
2023
$98,774
2024
$99,824
2025
$99,491
2026
$???
Last Updated on November 01, 2024

Credit and Collections Manager Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $98,774
2024 $99,824
2025 $99,491
2026 View More
Last Updated on November 01, 2024

Job Openings of Credit and Collections Manager

Salary.com job board provides millions of Credit and Collections Manager information for you to search for. Click on search button below to see Credit and Collections Manager job openings or enter a new job title here.

Most Common Benefits for Credit and Collections Manager

Based on HR-reported data: a national average with a geographic differential
Base Salary 66.5%
Bonuses 5.7%
Social Security 5.5%
401k/403b 3.0%
Disability 1.4%
Healthcare 4.9%
Pension 3.9%
Time Off 8.9%
Core Compensation
Core Compensation Median % of Total
Base Salary $112,337 66.5%
Bonus $9,634 5.7%
Value of Benefits
Core Compensation Median % of Total
Social Security $9,331 5.5%
401K/403B $5,123 3.0%
Disability $2,439 1.4%
Healthcare $8,352 4.9%
Pension $6,586 3.9%
Time Off $15,012 8.9%
Total Compensation $168,815 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on November 01, 2024

What are the salaries of a Credit and Collections Manager with different levels of education?

Salaries for Credit and Collections Manager with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Credit and Collections Manager with a Bachelor's Degree is $105,943 - $114,553. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Credit and Collections Manager Salaries by Degree Level

Last Updated on November 01, 2024
Typical Education for Credit and Collections Manager
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%
Typical Education for Credit and Collections Manager
No Diploma 2.6%
High School 27.0%
Associates 16.4%
Bachelors 40.4%
Masters 12.7%
Doctorate 1.0%
view as table

Credit and Collections Manager Salaries by Degree Level

Last Updated on November 01, 2024

What Am I Worth?

FAQ about Credit and Collections Manager

1. What is the average salary of a Credit and Collections Manager?

The average annual salary of Credit and Collections Manager is $112,337. In case you are finding an easy salary calculator, the average hourly pay of Credit and Collections Manager is $54; the average weekly pay of Credit and Collections Manager is $2,160; the average monthly pay of Credit and Collections Manager is $9,361.

2. Where can a Credit and Collections Manager earn the most?

A Credit and Collections Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Credit and Collections Manager earns the most in San Jose, CA, where the annual salary of a Credit and Collections Manager is $140,983.

3. What is the highest pay for Credit and Collections Manager?

The highest pay for Credit and Collections Manager is $144,471.

4. What is the lowest pay for Credit and Collections Manager?

The lowest pay for Credit and Collections Manager is $83,318.

5. What are the responsibilities of Credit and Collections Manager?

Credit and Collections Manager develops and administers credit and collection programs. Oversees investigation of credit risk in customers and suppliers and advises on course of action for credit applications. Being a Credit and Collections Manager designs and implements processes to improve cash flow and reduce receivables. Monitors and negotiates the collection of overdue accounts. Additionally, Credit and Collections Manager monitors credit and collection processes and operations; makes recommendations on opportunities for improvement. Requires a bachelor's degree. Typically reports to a director. The Credit and Collections Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Credit and Collections Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

6. What are the skills of Credit and Collections Manager

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.)

Credit Card: A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.

3.)

Credit Policy: Credit policy is a set of terms that lays out how your company will issue credit to its clients and collect unpaid debts. It maximize the company revenue/business while minimizing the risk generated by extending credit.

About Our Data

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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The average salary for a Credit and Collections Manager is $112,337 per year in the United States, updated at November 01, 2024.
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