Key Factors That Influence Collection Specialist Salaries
A Collection Specialist'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
and company size
can directly affect your earning potential.
How Experience Level Affects Collection Specialist Salaries?
Experience is a primary driver of a Collection Specialist'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:
How Do Collection Specialist 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 Collection Specialists. For example, consider the average annual salaries in these key locations:
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:
Collection Specialist Salary by Industry: Top Paying Sectors
For Collection Specialist roles, the industry you choose can affect earning potential
by as much as 50% (the gap between the highest and lowest paying industries).
Data shows that the Construction and Business Services
sectors offer the strongest compensation, at 25% above the average.
In contrast, Collection Specialist positions in Media or Retail & Wholesale typically offer lower base pay,
as these industries often view Collection Specialist as a support function rather than a direct revenue driver.
The top paying industries for a Collection Specialist
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Construction
$54,339
$26.0
25%
Business Services
$52,166
$25.0
20%
Energy & Utilities
$51,296
$25.0
18%
Biotechnology
$49,992
$24.0
15%
Aerospace & Defense
$48,688
$23.0
12%
Collection Specialist Salary: Hourly Rate, Weekly Pay, and Monthly Pay
Understanding how a Collection Specialist'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.
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Where Does Our Salary Data Come From?
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.
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