What are the main factors that influence a Collections Manager's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Collections Manager's salary?

A Collections Manager's salary grows with experience: a Credit and Collections Analyst III (4-7 years)earns $81,893, a Credit and Collections Supervisor (7+ years)earns $75,945, a Collections Manager (7+ years)earns $113,252, a Credit and Collections Director (7+ years)earns $163,144, a VP of Credit and Collections (7+ years)earns $204,394,

What are the highest paying states for a Collections Manager?

Collections Manager salary varies significantly by state. The top 3 highest paying states for Collections Manager roles are District of Columbia $124,273, California $123,801, Massachusetts $122,151. These tech hubs typically pay 10-15% above the national average.

How much do different types of Collections Manager roles make?

Salaries for Collections Manager level roles vary by specialization: Credit and Collections Manager: $110,485; Account Collections Manager: $101,555; Check Collections Manager: $94,090; Credit and Collections Analyst III: $79,892; Associate Collections Manager: $74,278.

Collections Manager Salary in Delaware

How much does a Collections Manager make in Delaware?

As of May 18, 2021, the average salary for a Collections Manager in Delaware is $113,924 per year, which breaks down to an hourly rate of $55.

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

Top Earners (90th percentile): $137,162
Majority Range (25th-75th percentile): $102,433 to $126,088
Entry-Level (10th percentile): $91,971

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Collections Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$126,088	$10,507	$2,425	$61
Average	$113,924	$9,494	$2,191	$55
25th Percentile	$102,433	$8,536	$1,970	$49

You may get higher pay by adjusting the following factors:

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Check out Collections Manager Job Openings in Delaware

Customer Service Collections Representative

PrideStaff - Newark, DE

VP-Collections Risk Strategy-Hybrid

Citigroup, Inc. - Wilmington, DE

Risk Management - Collections Risk Strategy and Governance - Associate

JPMorgan Chase - Wilmington, DE

Customer Service Collections Associate

Active Staffing Services - Newark, DE

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Key Factors That Influence Collections Manager Salaries

A Collections Manager'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 Collections Manager Salaries?

Experience is a primary driver of a Collections Manager'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): $81,893
Early Career (1-2 years): $75,945
Mid-Level (2-4 years): $113,252
Senior-Level (5-8 years): $163,144
Expert (over 8 years): $204,394

Levels	Salary
Credit an... Level Collections Manager	$81,893
Credit an... Level Collections Manager	$75,945
Collectio... Level Collections Manager	$113,252
Credit an... Level Collections Manager	$163,144
VP of Cre... Level Collections Manager	$204,394

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What Am I Worth?

How Do Collections Manager 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 Collections Managers. For example, consider the average annual salaries in these key locations:

District of Columbia: $124,273.
California: $123,801.
Massachusetts: $122,151.

District of Columbia $124,273 California $123,801 Massachusetts $122,151 Washington $121,702 New Jersey $121,657 Alaska $121,500 Connecticut $119,951 New York $119,323

Hawaii $117,314 Rhode Island $116,371 Maryland $115,731 Minnesota $114,856 Colorado $114,519 Illinois $114,407 Oregon $113,980 Delaware $113,666

New Hampshire $113,468 Virginia $113,026 Pennsylvania $111,735 Nevada $111,084 North Dakota $110,871 Michigan $110,534 Wisconsin $110,411 Vermont $110,164

Texas $109,479 Maine $109,434 Arizona $109,367 Ohio $109,288 Georgia $108,256 Indiana $107,740 Wyoming $107,639 Utah $107,481

Iowa $107,414 Kansas $106,875 Louisiana $106,718 North Carolina $106,662 Missouri $106,640 Florida $106,202 Montana $105,966 Nebraska $105,742

Kentucky $105,618 South Carolina $105,169 Tennessee $104,889 Idaho $104,776 New Mexico $103,957 Oklahoma $103,777 Alabama $103,115 South Dakota $102,004

Arkansas $101,398 West Virginia $101,072 Mississippi $100,096

Top Paying Cities for Collections Managers

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:

Lincoln: $117,639
Little Creek: $116,550
Magnolia: $117,033

Lincoln, DE $117,639 Little Creek, DE $116,550 Magnolia, DE $117,033 Milford, DE $117,639 Marydel, DE $116,113 Millsboro, DE $117,639 Millville, DE $118,425 Milton, DE $117,639

Nassau, DE $117,639 Ocean View, DE $118,425 Rehoboth Beach, DE $118,425 Seaford, DE $116,404 Selbyville, DE $118,425 Smyrna, DE $115,978 Viola, DE $117,033 Woodside, DE $116,696

Bear, DE $115,125 Newark, DE $115,170 Claymont, DE $115,260 Delaware City, DE $115,170 Hockessin, DE $115,260 Kirkwood, DE $115,170 Middletown, DE $115,742 Montchanin, DE $115,260

New Castle, DE $115,260 Odessa, DE $115,899 Port Penn, DE $114,856 Rockland, DE $115,260 Saint Georges, DE $115,170 Townsend, DE $115,731 Winterthur, DE $115,260 Lewes, DE $117,639

Wilmington, DE $115,260 Dover, DE $116,494 Dover Afb, DE $116,764 Bethany Beach, DE $118,425 Bethel, DE $116,404 Bridgeville, DE $117,639 Camden Wyoming, DE $116,618 Cheswold, DE $116,225

Clayton, DE $115,933 Dagsboro, DE $118,425 Delmar, DE $116,404 Ellendale, DE $117,639 Felton, DE $117,639 Fenwick Island, DE $118,425 Frankford, DE $118,425 Frederica, DE $117,639

Georgetown, DE $117,639 Greenwood, DE $117,639 Harbeson, DE $117,639 Harrington, DE $117,639 Hartly, DE $115,877 Houston, DE $117,639 Kenton, DE $115,933 Laurel, DE $116,404

Yorklyn, DE $115,260

Collections Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Collections Manager'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 May 18, 2021

$102,433

Average $113,924/year

$126,088

$8,536

Average $9,494/month

$10,507

$1,970

Average $2,191/week

$2,425

$49

Average $55/hour

$61

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$126,088	$10,507	$2,425	$61
Average	$113,924	$9,494	$2,191	$55
25th Percentile	$102,433	$8,536	$1,970	$49

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