As of March 01, 2025, the average annual salary for a Head of Collections in the United States is $243,290. According to Salary.com, salaries can range from a low of $168,400 to a high of $349,511, with most professionals earning between $204,090 and $298,890.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $298,890 | $24,908 | $5,748 | $144 |
| Average | $243,290 | $20,274 | $4,679 | $117 |
| 25th Percentile | $204,090 | $17,008 | $3,925 | $98 |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Head of Collections compensation over the past six years. For example, the median salary increased from $201,406 in 2023 to approximately $203,007 in 2024. (For a detailed analysis of Head of Collections salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Head of Collections information for you to search for. Click on search button below to see Head of Collections job openings or enter a new job title here.
Here are companies hiring for Head of Collections and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $243,290 | 63.2% | ||
| Bonus | $52,200 | 13.6% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $14,738 | 3.8% | ||
| 401K/403B | $10,500 | 2.7% | ||
| Disability | $5,910 | 1.5% | ||
| Healthcare | $8,352 | 2.2% | ||
| Pension | $13,500 | 3.5% | ||
| Time Off | $36,368 | 9.4% | ||
| Total Compensation | $384,858 | 100% | ||
The average annual salary of Head of Collections is $243,290. In case you are finding an easy salary calculator, the average hourly pay of Head of Collections is $117; the average weekly pay of Head of Collections is $4,679; the average monthly pay of Head of Collections is $20,274.
A Head 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 Head of Collections earns the most in San Jose, CA, where the annual salary of a Head of Collections is $305,290.
The highest pay for Head of Collections is $349,511.
The lowest pay for Head of Collections is $168,400.
The Head of Collections ensures all collections policies are followed. Develops overall corporate policies regarding collections of overdue/delinquent accounts. Being a Head of Collections may work with legal counsel or outside collections agencies to handle overdue accounts. Monitors collections activities and provides recommendations for improvement. In addition, Head of Collections requires a bachelor's degree. Typically reports to top management. The Head of Collections 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. Working as a Head of Collections typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
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.
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.
Law Enforcement: Law enforcement is any system by which some members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society. Although the term encompasses entities such as courts and prisons, it is most frequently applied to those who directly engage in patrols or surveillance to dissuade and discover criminal activity, and those who investigate crimes and apprehend offenders, a task typically carried out by the police or another law enforcement organization. Furthermore, although law enforcement may be most concerned with the prevention and punishment of crimes, organizations exist to discourage a wide variety of non-criminal violations of rules and norms, effected through the imposition of less severe consequences.
Background Check: A background check or background investigation is a review of a potential employee's criminal, commercial and financial records. The goal of background checks is to ensure the safety and security of the employees in the organisation
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