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Billing/Collection Manager Careers

There is more than meets the eye when it comes to being a billing/collection manager. For example, did you know that they make an average of $26.12 an hour? That's $54,328 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 a Billing/Collection Manager Do

There are certain skills that many billing/collection 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, detail oriented and math skills.

When it comes to the most important skills required to be a billing/collection manager, we found that a lot of resumes listed 11.0% of billing/collection managers included insurance companies, while 9.1% of resumes included medical records, and 7.3% of resumes included billing procedures. 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 billing/collection manager job title. But what industry to start with? Most billing/collection managers actually find jobs in the health care and professional industries.

How To Become a Billing/Collection Manager

If you're interested in becoming a billing/collection manager, one of the first things to consider is how much education you need. We've determined that 38.1% of billing/collection managers have a bachelor's degree. In terms of higher education levels, we found that 5.4% of billing/collection managers have master's degrees. Even though some billing/collection 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 a billing/collection manager. When we researched the most common majors for a billing/collection manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on billing/collection manager resumes include high school diploma degrees or master's degree degrees.

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

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Average Salary
$54,328
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
13,928
Job Openings

Billing/Collection Manager Career Paths

Top Careers Before Billing/Collection Manager

Top Careers After Billing/Collection Manager

Billing/Collection Manager Jobs You Might Like

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Average Salary for a Billing/Collection Manager

Billing/Collection Managers in America make an average salary of $54,328 per year or $26 per hour. The top 10 percent makes over $75,000 per year, while the bottom 10 percent under $39,000 per year.
Average Salary
$54,328
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Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Billing and Collections Manager
Billing and Collections Manager
Taylor White Accounting and Finance
Taylor White Accounting and Finance
05/28/2021
05/28/2021
$80,00005/28/2021
$80,000
Billing and Collections Manager
Billing and Collections Manager
Taylor White Accounting and Finance
Taylor White Accounting and Finance
01/06/2021
01/06/2021
$80,00001/06/2021
$80,000
Collections/Billing Manager
Collections/Billing Manager
Summit Athletic Club
Summit Athletic Club
09/19/2020
09/19/2020
$31,30509/19/2020
$31,305
Billing/Collection Manager
Billing/Collection Manager
Summit Athletic Club
Summit Athletic Club
06/28/2019
06/28/2019
$31,30506/28/2019
$31,305
Billing/Collection Manager
Billing/Collection Manager
Robert Half
Robert Half
06/01/2019
06/01/2019
$75,00006/01/2019
$75,000

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Billing/Collection Manager Demographics

Gender

female

70.7 %

male

23.8 %

unknown

5.5 %

Ethnicity

White

68.9 %

Hispanic or Latino

14.5 %

Black or African American

7.7 %

Foreign Languages Spoken

Spanish

71.4 %

Carrier

10.7 %

French

10.7 %
See More Demographics

Billing/Collection Manager Education

Majors

Business
37.3 %

Degrees

Bachelors

38.1 %

Certificate

25.9 %

Associate

17.7 %

Top Colleges for Billing/Collection 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. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

5. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

6. Boston University

Boston, MA • Private

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

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. Maria College of Albany

Albany, NY • Private

In-State Tuition
$15,140
Enrollment
876

9. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

10. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166
See More Education Info

Online Courses For Billing/Collection Manager That You May Like

Accounting, Bookkeeping, & Financial Statements: Zero to Pro
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4.5
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3 courses in 1 - Basic Bookkeeping to Advanced Financial Accounting and Financial Statements Preparation in just 8 hours...

Accounting & Financial Statement Analysis: Complete Training
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4.6
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Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...

Financial Accounting & ExcelComprehensive Accounting Course
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Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...

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Top Skills For a Billing/Collection 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, 11.0% of billing/collection managers listed insurance companies on their resume, but soft skills such as analytical skills and detail oriented are important as well.

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Top Billing/Collection Manager Employers

1. AT&T
4.7
Avg. Salary: 
$82,565
Billing/Collection Managers Hired: 
4+
2. Rotech Healthcare
4.1
Avg. Salary: 
$64,806
Billing/Collection Managers Hired: 
4+
3. Lincare Holdings
4.6
Avg. Salary: 
$63,909
Billing/Collection Managers Hired: 
4+
4. Vantage Oncology
4.6
Avg. Salary: 
$59,104
Billing/Collection Managers Hired: 
3+
5. Verizon Communications
4.7
Avg. Salary: 
$84,765
Billing/Collection Managers Hired: 
3+
6. Genesis HealthCare
4.2
Avg. Salary: 
$49,074
Billing/Collection Managers Hired: 
2+
Updated October 2, 2020