As of May 01, 2025, the average annual salary for a Head of Collections in Chicago, IL is $233,290. According to Salary.com, salaries can range from a low of $183,045 to a high of $282,962, with most professionals earning between $206,990 and $259,290.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $259,290 | $21,608 | $4,986 | $125 |
| Average | $233,290 | $19,441 | $4,486 | $112 |
| 25th Percentile | $206,990 | $17,249 | $3,981 | $100 |
An entry-level Head of Collections with under 1 year experience makes about $217,206. With less than 2 years of experience, a mid-level Head of Collections makes around $219,566. After 2-4 years, the Head of Collections pay rises to about $222,712. Those senior Head of Collections with 5-8 years of experience earn roughly $227,432, and those Head of Collections having 8 years or more experience are expected to earn about $233,331 on average.
| Levels | Salary |
|---|---|
| Entry Level Head of Collections | $217,206 |
| Intermediate Level Head of Collections | $219,566 |
| Senior Level Head of Collections | $222,712 |
| Specialist Level Head of Collections | $227,432 |
| Expert Level Head of Collections | $233,331 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 0% |
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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
| Skill | Salary | Demand |
|---|---|---|
|
Flexibility
|
$289,280 |
24%
|
|
Insight
|
$279,948 |
20%
|
|
Planning
|
$279,948 |
20%
|
|
Consumer Loans
|
$272,949 |
17%
|
|
Accounts Receivable
|
$270,616 |
16%
|
|
Call Center Management
|
$270,616 |
16%
|
