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Job outlook for accounts receivable/credit managers in the United States
Accounts receivable/credit manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected accounts receivable/credit manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for accounts receivable/credit managers are projected over the next decade.
Accounts receivable/credit manager salaries have increased 10% for accounts receivable/credit managers in the last 5 years.
There are over 34,405 accounts receivable/credit managers currently employed in the United States.
There are 54,626 active accounts receivable/credit manager job openings in the US.
The average accounts receivable/credit manager salary is $60,558.
Are accounts receivable/credit manager jobs in demand?
Accounts receivable/credit manager job and salary trends over time
Accounts receivable/credit manager jobs over time
Accounts receivable/credit manager job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 34,405 | 0.01% |
| 2020 | 32,991 | 0.01% |
| 2019 | 33,077 | 0.01% |
| 2018 | 30,720 | 0.01% |
| 2017 | 28,763 | 0.01% |
Average accounts receivable/credit manager salary over time
Accounts receivable/credit manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $60,558 | $29.11 | +3.3% |
| 2024 | $58,621 | $28.18 | +1.5% |
| 2023 | $57,764 | $27.77 | +2.3% |
| 2022 | $56,451 | $27.14 | +2.7% |
| 2021 | $54,948 | $26.42 | +3.2% |
Accounts receivable/credit manager jobs by state
Most common states for accounts receivable/credit managers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 211 | 30% |
| 2 | Massachusetts | 6,859,819 | 713 | 10% |
| 3 | Minnesota | 5,576,606 | 475 | 9% |
| 4 | Illinois | 12,802,023 | 1,032 | 8% |
| 5 | Washington | 7,405,743 | 571 | 8% |
| 6 | Colorado | 5,607,154 | 468 | 8% |
| 7 | Oregon | 4,142,776 | 328 | 8% |
| 8 | Montana | 1,050,493 | 81 | 8% |
| 9 | Delaware | 961,939 | 76 | 8% |
| 10 | California | 39,536,653 | 2,747 | 7% |
| 11 | Virginia | 8,470,020 | 570 | 7% |
| 12 | Arizona | 7,016,270 | 487 | 7% |
| 13 | Maryland | 6,052,177 | 435 | 7% |
| 14 | Connecticut | 3,588,184 | 252 | 7% |
| 15 | Utah | 3,101,833 | 217 | 7% |
| 16 | New Hampshire | 1,342,795 | 89 | 7% |
| 17 | Rhode Island | 1,059,639 | 72 | 7% |
| 18 | New York | 19,849,399 | 1,147 | 6% |
| 19 | Pennsylvania | 12,805,537 | 761 | 6% |
| 20 | Missouri | 6,113,532 | 377 | 6% |
Most common cities for accounts receivable/credit managers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Downers Grove | 1 | 2% | $65,123 |
Accounts Receivable/Credit Manager job outlook: Expert opinions
Our panel of accounts receivable/credit manager experts
The University of Scranton
DePaul University
Loyola University Maryland
Baruch College, City University New York
Red Rocks Community College
Dr. Douglas Boyle
Chair & Professor, Director, Doctorate in Business Administration Program , Director, Nonprofit Leadership ProgramThe University of Scranton
Accounting Department
What soft skills should all Accounts Receivable/Credit Managers possess?
Dr. Douglas Boyle: Our research shows that achieving a high level of emotional intelligence is viewed as most important by senior accounting professionals. Emotional intelligence is made up of self-awareness that includes emotional awareness and self-confidence. Self-management includes self-control, trustworthiness, conscientiousness, adaptability, and innovation. Social awareness includes empathy and organizational awareness. Relationship management includes influence, conflict management, teamwork, leadership, and communication. While it is important to work on all these skills, the three that are deemed most critical for accounting professionals are trustworthiness, conscientiousness, teamwork, and communication.
Will there be an enduring impact of the coronavirus pandemic on Accounts Receivable/Credit Managers?
Delvin Grant: Yes. I strongly believe coronavirus will have a lasting impact on new graduates. A increasing paradigm shift is taking place as we speak, as some IT-related jobs can be done remotely. I expect the shift to continue until a steady state condition is achieved, when companies feel they have the right mix of remote and face-to-face employment. Some companies may resist the trend, valuing face-to-face over remote working. Face-to-face satisfies a human need to socialize and, in some cultures, much business is done by face-to-face. There is evidence of a paradigm shift as many IT employees work remotely, due to the pandemic. Some companies have realized the shift is here to stay and others take a wait and see attitude. It is hard not to recognize the shift as there are cost saving from office rent, office space, heating, cooling, computing cost, travel costs, etc. The impact will vary by profession. IT and other professions are a natural fit for remote working while others are not. For example, a chemist working in a lab environment cannot work from home as his lab is the only place to mix and experiment with chemicals and chemistry.
Dr. JP Krahel Ph.D.
Associate Professor of Accounting, Accounting Department ChairLoyola University Maryland
Accounting Department
What technical skills for an Accounts Receivable/Credit Manager stand out to employers?
Dr. JP Krahel Ph.D.: First, Excel. It's the most basic, essential tool for the accounting professional. If you can come in on Day 1 knowing essential keyboard shortcuts, proper formula and reference use, and how to format a spreadsheet properly, you'll have an immediate advantage over your peers.
Second, believe it or not, is writing. People think that accounting is all about numbers, but really, it's less about the math (which Excel does for you) and more about being able to explain the deeper meaning behind the results. Can you explain complex depreciation methods to an audit client? Give bad news to a tax client in an understandable way? These are big deals.
Third is data analytics. Given the immense volume of data now available to firms, someone who can extract, clean, and present that data using modern software tools will have an edge. It's really another form of communication, and one that early-career accounting professionals would do well to familiarize themselves with before entering the workforce.
Dr. Lilac Nachum Ph.D.
Professor, International BusinessBaruch College, City University New York
Allen G. Aaronson Department of Marketing & International Business
What type of skills will young Accounts Receivable/Credit Managers need?
Dr. Lilac Nachum Ph.D.: In light of the changes described in #1, the most apparent skills would be those related to digital employment. These will relate to both new opportunities, created digitally, as well as the transformation of brick and mortar jobs online. The former requires skills such as online management of supply chains, digital marketing, online sale, and the likes. These new jobs might require in addition to digital skills also heavy doses of creativity and entrepreneurship as new products and industries are being created and developed. In relation to the latter, the jobs themselves might be well established and familiar for some graduates but their delivery would be transformed in significant ways and require advanced digital skills related to the implementation of these activities.
Janet Tarase
Lead Accounting Faculty / Accounting Department ChairRed Rocks Community College
Accounting Department
What are the biggest trends we'll see in the Accounts Receivable/Credit Manager job market given the pandemic?
Janet Tarase: Even though over 7 million people are currently unemployed, employers still need individuals to maintain their operations. Human Resource departments are recruiting individuals through social media platforms. My daughter works in HR recruiting and they only use LinkedIn. Companies are using video or phone interviews to select candidates. Which means that potential candidates have to communicate effectively and make a good first impression quickly.
Employers will be looking for individuals that have proven communication, organizational and time management skills that are able to work independently since telecommuting will be continuing in the future. Applicants will also need to have technological and critical thinking skills to manage the challenges presented while working from home. Because of the pandemic and so many of us having to work from home, companies may broaden their recruiting geography to find the best candidates out of state or in different time zones. Finally, employees need to be flexible and resilient - you never know what the next job requirement will demand.