How Much Does a Collections Professional make?

Collections Professional made a median salary around $44,053 in December, 2024. The best-paid 25 percent made $49,493 probably that year, while the lowest-paid 25 percent made around $39,272. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Check out Collections Professional jobs in Youngstown, Ohio

Branch Collections Specialist

OneMain Financial - STATEN ISLAND, NY

Branch Collections Specialist

OneMain Financial - DOUGLASVILLE, GA

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Best-Paying Cities for Collections Professional

The metropolitan areas that pay the highest salary in the Collections Professional profession are Galloway , Grove City , Groveport , Hilliard , Independence .
Galloway, OH $46,416
Grove City, OH $46,416
Groveport, OH $46,416
Hilliard, OH $46,416
Independence, OH $46,416

Best-Paying States for Collections Professional

The states and districts that pay Collections Professional the highest salary are District of Columbia (around $52,608) , California (around $52,135) , New Jersey (around $51,804) , Alaska (around $51,474) , and Massachusetts (around $51,426) .
District of Columbia $52,608
California $52,135
New Jersey $51,804
Alaska $51,474
Massachusetts $51,426

What is the Career Path of Collections Professional?

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Collections Professional, the upper level is Collections Representative III , and then progresses to Collections Supervisor

Frequently Asked Questions for Collections Professional

Q: What is the salary range of Collections Professional in Youngstown, OH?
A: In 2024 , the lowest-paid Collections Professional in Youngstown, OH earned an average annual salary of $39,272 , while the highest-paid made $49,493.
Q: What is the salary for a Collections Professional in California?
A: Collections Professional employed in California earned an average salary of $52,135 in 2024.

Average Collections Professional Pay vs. Other Jobs

Collections Professional earned an average salary of $44,053 in 2024. Other jobs related to Collections Professional earned the following average salary in December, 2024. Collections Supervisor made $65,618 , Billing and Collections Supervisor made $70,790 , Credit and Collections Supervisor and Credit and Collections Operations Supervisor made $73,550 and $73,600 respectively .

Relevant Jobs of Collections Professional

Collections Supervisor - Average Salary $65,618
Collections Supervisor supervises the day-to-day process and operations involved with collections on overdue/delinquent accounts. Reviews and develops policies and procedures and ensures compliance. Being a Collections Supervisor initiates demand letters, outbound calls, and handles escalated calls. Monitors collections activities for quality. Additionally, Collections Supervisor ensures that production targets are achieved. May require a bachelor's degree. Typically reports to a manager. The Collections Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be a Collections Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision.
Billing and Collections Supervisor - Average Salary $70,790
The Billing and Collections Supervisor maintains and reconciles accounts receivable ledger to ensure accurate and timely receipt of payments. Responsible for supervising and guiding operations in the accounts receivable function of an organization. Being a Billing and Collections Supervisor negotiates with past-due accounts to resolve all payment issues in a timely manner. Monitors collection period and sends follow-up inquiries regarding payments for the organization. In addition, Billing and Collections Supervisor implements standard operating procedures to ensure compliance with internal accounting policies and controls. Generates reports to bring insight into collections, account ages, and other relevant metrics and relays conclusions to management. Requires a bachelor's degree. Typically reports to a manager. The Billing and Collections Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Working as a Billing and Collections Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision.
Credit and Collections Supervisor - Average Salary $73,550
Credit and Collections Supervisor is responsible for the activities and operations in the credit and collections department. Oversees the processing and verification of applications for credit and the solicitation for payment on overdue accounts. Being a Credit and Collections Supervisor investigates credit issues and suggests payment options to be approved. Ensures collectors follow all protocols, laws and regulations to collect payments efficiently. Additionally, Credit and Collections Supervisor may require a bachelor's degree. Typically reports to a manager. The Credit and Collections Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. To be a Credit and Collections Supervisor typically requires 3 years experience in the related area as an individual contributor.
The Credit and Collections Operations Supervisor oversees the processing and verification of applications for credit and the solicitation for payment on overdue accounts. Responsible for the activities and operations in the credit and collections department. Being a Credit and Collections Operations Supervisor ensures collectors follow all protocols, laws and regulations to collect payments efficiently. Investigates credit issues and suggests payment options to be approved. In addition, Credit and Collections Operations Supervisor may require a bachelor's degree. Typically reports to a manager. The Credit and Collections Operations Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. Thorough knowledge of functional area under supervision. Working as a Credit and Collections Operations Supervisor typically requires 3 years experience in the related area as an individual contributor.
The Billing and Collections Senior Supervisor maintains and reconciles accounts receivable ledger to ensure accurate and timely receipt of payments. Responsible for supervising and guiding operations in the accounts receivable function of an organization. Being a Billing and Collections Senior Supervisor negotiates with past-due accounts to resolve all payment issues in a timely manner. Monitors collection period and sends follow-up inquiries regarding payments for the organization. In addition, Billing and Collections Senior Supervisor implements standard operating procedures to ensure compliance with internal accounting policies and controls. Generates reports to bring insight into collections, account ages, and other relevant metrics and relays conclusions to management. Requires a bachelor's degree. Typically reports to a manager. The Billing and Collections Senior Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Working as a Billing and Collections Senior Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.