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VP of Collections Salary in the United States

How much does a VP of Collections make in the United States?

As of September 01, 2026, the average salary for a VP of Collections in the United States is $236,652 per year, which breaks down to an hourly rate of $114.

However, a VP of Collections's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $258,599
  • Majority Range (25th-75th percentile): $217,602 to $248,140
  • Entry-Level (10th percentile): $200,258
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence VP of Collections Salaries

A VP of Collections'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.

How Experience Level Affects VP of Collections Salaries?

Experience is a primary driver of a VP of Collections'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:

  • Entry-Level (less than 1 year): $224,995
  • Early Career (1-2 years): $226,701
  • Mid-Level (2-4 years): $228,975
  • Senior-Level (5-8 years): $232,387
  • Expert (over 8 years): $236,652
Levels Salary
Entry Level VP of Collections$224,995
Intermediate Level VP of Collections$226,701
Senior Level VP of Collections$228,975
Specialist Level VP of Collections$232,387
Expert Level VP of Collections$236,652
View as Graph

How Do VP of Collections Salaries Vary from State to State?

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 VP of Collections. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $262,021.
  • California: $261,027.
  • Massachusetts: $257,548.

Top Paying Cities for VP of Collections

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:

  • San Jose: $298,489
  • San Francisco: $295,221
  • Oakland: $288,999

What Skills Can Increase a VP of Collections's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 5.6% Job Postings): 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.
  • Call Center Management (Mentioned in 3.45% Job Postings): Managing and organizing daily call center operations to deliver and surpass high expectations for customer service.
  • Economics (Mentioned in 1.72% Job Postings): Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Skills Demand Percentage
Customer Service 5.6%
Call Center Management 3.45%
Economics 1.72%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a VP of Collections's salary.

  • Flexibility: Can increase your salary by up to 24%.
  • Insight: Can increase your salary by up to 20%.
  • Planning: Can increase your salary by up to 20%.
Skill Salary Salary % Increase
Flexibility $293,448
24%
Insight $283,982
20%
Planning $283,982
20%
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VP of Collections Salary by Company Size: Startups vs. Enterprise

VP of Collections salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $264,468. While startup companies pay approximate $223,713.

VP of Collections Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $223,713
Growth Stage 51~500 $236,599
Established 501~5000 $255,378
Enterprise 5000+ $264,468

VP of Collections Salary by Industry: Top Paying Sectors

For VP of Collections roles, the industry you choose can affect earning potential by as much as 82% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Pharmaceuticals sectors offer the strongest compensation, at 30% above the average. In contrast, VP of Collections positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view VP of Collections as a support function rather than a direct revenue driver.

The top paying industries for a VP of Collections

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$307,648$148.030%
Pharmaceuticals$295,815$142.025%
Software & Networking$288,715$139.022%
Biotechnology$283,982$137.020%
Internet$265,050$127.012%

How Education impacts a VP of Collections's Salary?

Your level of education can impact your salary potential. While many VP of Collections enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an VP of Collections with a Bachelor's Degree is between $219,409 and $243,016.

VP of Collections Salaries by Degree Level

Typical Education for VP of Collections
Degree Level % of user with this level of education
No Diploma 2.5%
High School 27.5%
Associates 25.0%
Bachelors 27.5%
Masters 15.0%
Doctorate 2.5%
View as Graph

VP of Collections Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a VP of Collections'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 September 01, 2026
$217,602
Average $236,652/year
$248,140
$18,134
Average $19,721/month
$20,678
$4,185
Average $4,551/week
$4,772
$105
Average $114/hour
$119
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $248,140 $20,678 $4,772 $119
Average $236,652 $19,721 $4,551 $114
25th Percentile $217,602 $18,134 $4,185 $105

Most common benefits for VP of Collections

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for VP of Collections

Here are companies hiring for VP of Collections and their salaries, click below for more details.

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FAQ about VP of Collections

1. Where can a VP of Collections earn the most?

A VP of Collections'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 VP of Collections earns the most in San Jose, CA, where the annual salary of a VP of Collections is $298,489.

2. What is the highest pay for VP of Collections?

The highest pay for VP of Collections is $258,599.

3. What is the lowest pay for VP of Collections?

The lowest pay for VP of Collections is $200,258.

4. What are the responsibilities of VP of Collections?

Develops overall corporate policies regarding collections of overdue/delinquent accounts. Ensures all collections policies are followed. Monitors collections activities and provides recommendations for improvement. May work with legal counsel or outside collections agencies to handle overdue accounts. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

5. What industry pays the highest salary for VP of Collections?

The Financial Services industry offers the highest average compensation for VP of Collections roles, with salaries approximately 30% above the market median.

Where Does Our Salary Data Come From?

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.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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