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Working as an Accounts Receivable/Credit Manager

There is more than meets the eye when it comes to being an accounts receivable/credit manager. For example, did you know that they make an average of $24.41 an hour? That's $50,771 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does an Accounts Receivable/Credit Manager Do

There are certain skills that many accounts receivable/credit managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and organizational skills.

When it comes to the most important skills required to be an accounts receivable/credit manager, we found that a lot of resumes listed 9.9% of accounts receivable/credit managers included general ledger accounts, while 8.0% of resumes included financial statements, and 6.4% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the accounts receivable/credit manager job title. But what industry to start with? Most accounts receivable/credit managers actually find jobs in the manufacturing and retail industries.

How To Become an Accounts Receivable/Credit Manager

If you're interested in becoming an accounts receivable/credit manager, one of the first things to consider is how much education you need. We've determined that 40.8% of accounts receivable/credit managers have a bachelor's degree. In terms of higher education levels, we found that 13.4% of accounts receivable/credit managers have master's degrees. Even though most accounts receivable/credit managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an accounts receivable/credit manager. When we researched the most common majors for an accounts receivable/credit manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on accounts receivable/credit manager resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an accounts receivable/credit manager. In fact, many accounts receivable/credit manager jobs require experience in a role such as credit manager. Meanwhile, many accounts receivable/credit managers also have previous career experience in roles such as office manager or accounts receivable manager.

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Average Salary$50,771
Job Growth Rate16%

Accounts Receivable/Credit Manager Career Paths

Top Careers Before Accounts Receivable/Credit Manager

Top Careers After Accounts Receivable/Credit Manager

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Average Salary for an Accounts Receivable/Credit Manager

Accounts Receivable/Credit Managers in America make an average salary of $50,771 per year or $24 per hour. The top 10 percent makes over $64,000 per year, while the bottom 10 percent under $39,000 per year.
Average Salary
$50,771

Best Paying Cities

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Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Credit & Accounts Receivable Manager-Denver Based
Credit & Accounts Receivable Manager-Denver Based
Grow Generation
Grow Generation
01/23/2021
01/23/2021
$65,00001/23/2021
$65,000
Accounts Receivable/Credit Manager
Accounts Receivable/Credit Manager
Robert Half
Robert Half
01/23/2020
01/23/2020
$60,00001/23/2020
$60,000
Accounts Receivable/Credit Manager
Accounts Receivable/Credit Manager
Randstad
Randstad
10/25/2019
10/25/2019
$58,43610/25/2019
$58,436
Accounts Receivable/Credit Manager
Accounts Receivable/Credit Manager
Randstad
Randstad
09/20/2019
09/20/2019
$52,17509/20/2019
$52,175
Accounts Receivable/Credit Manager
Accounts Receivable/Credit Manager
Randstad
Randstad
06/18/2019
06/18/2019
$79,30606/18/2019
$79,306

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Accounts Receivable/Credit Manager Demographics

Gender

female

61.3 %

male

33.6 %

unknown

5.1 %

Ethnicity

White

68.5 %

Hispanic or Latino

14.9 %

Black or African American

7.8 %

Foreign Languages Spoken

Spanish

65.4 %

French

7.7 %

Italian

7.7 %
See More Demographics

Accounts Receivable/Credit Manager Education

Majors

Business
34.4 %
Finance
4.7 %

Degrees

Bachelors

40.8 %

Associate

22.5 %

Masters

13.4 %

Top Colleges for Accounts Receivable/Credit Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. SUNY Farmingdale

Farmingdale, NY • Public

In-State Tuition
$8,306
Enrollment
9,394

9. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

10. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407
See More Education Info
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Part Time
Internship
Temporary

Top Skills For an Accounts Receivable/Credit Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 9.9% of accounts receivable/credit managers listed general ledger accounts on their resume, but soft skills such as analytical skills and communication skills are important as well.

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Top Accounts Receivable/Credit Manager Employers

1. Rent-A-Center
4.3
Avg. Salary: 
$51,538
Accounts Receivable/Credit Managers Hired: 
10+
2. Robert Half International
4.5
Avg. Salary: 
$49,011
Accounts Receivable/Credit Managers Hired: 
7+
3. Citi
4.8
Avg. Salary: 
$50,564
Accounts Receivable/Credit Managers Hired: 
4+
4. Hyatt Hotels
4.1
Avg. Salary: 
$52,045
Accounts Receivable/Credit Managers Hired: 
3+
5. Dealers Supply
3.8
Avg. Salary: 
$44,191
Accounts Receivable/Credit Managers Hired: 
3+
6. Farmers Furniture
4.3
Avg. Salary: 
$46,154
Accounts Receivable/Credit Managers Hired: 
3+

Accounts Receivable/Credit Manager Videos

Updated October 2, 2020