As of May 18, 2021, the average salary for a Collections Manager in New Mexico is $103,486 per year, which breaks down to an hourly rate of $50.
However, a Collections Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Collections Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $114,535 | $9,545 | $2,203 | $55 |
| Average | $103,486 | $8,624 | $1,990 | $50 |
| 25th Percentile | $93,048 | $7,754 | $1,789 | $45 |
New Mexico State Gov - Las Cruces, NM
Clear Resolution Consulting, LLC - Las Cruces, NM
ProCleared LLC - Las Cruces, NM
Xcellent Technology Solutions - Las Cruces, NM
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.
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:
| Levels | Salary |
|---|---|
| Credit an... Level Collections Manager | $74,390 |
| Credit an... Level Collections Manager | $68,986 |
| Collectio... Level Collections Manager | $102,876 |
| Credit an... Level Collections Manager | $148,196 |
| VP of Cre... Level Collections Manager | $185,666 |
What Am I Worth?
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:
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:
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $114,535 | $9,545 | $2,203 | $55 |
| Average | $103,486 | $8,624 | $1,990 | $50 |
| 25th Percentile | $93,048 | $7,754 | $1,789 | $45 |
Ready to take the next step in your career? Browse thousands of current Collections Manager job openings on our job board. Use the search bar below to find your perfect match.
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