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The differences between collection analysts and account representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collection analyst and an account representative. Additionally, a collection analyst has an average salary of $46,819, which is higher than the $36,977 average annual salary of an account representative.
The top three skills for a collection analyst include customer service, portfolio and patients. The most important skills for an account representative are customer service, patients, and patient accounts.
| Collection Analyst | Account Representative | |
| Yearly salary | $46,819 | $36,977 |
| Hourly rate | $22.51 | $17.78 |
| Growth rate | -8% | -8% |
| Number of jobs | 28,967 | 183,446 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 52% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
Collections analysts assess the riskiness of a company or person in credit extension and repayment collection. The analysts manage data processing contract procurement negotiation. They help in the quarterly and yearly external and internal audits. It is part of their job to collect the first payment default and make sure that portfolios are inappropriate performance. They also act on collection calls for the area of responsibility assigned to them.
Account representatives are employees who manage client accounts and act as the main contact of the clients they are handling. They maintain existing accounts by updating client details regularly. They also check up on clients to see if they are still satisfied with the products or services of the company. They also create new accounts by welcoming new clients and assisting them in their needs. Account representatives manage client inquiries and process client requests. They also address complaints and ensure that any challenges are mitigated and that clients remain with the company.
Collection analysts and account representatives have different pay scales, as shown below.
| Collection Analyst | Account Representative | |
| Average salary | $46,819 | $36,977 |
| Salary range | Between $31,000 And $69,000 | Between $26,000 And $51,000 |
| Highest paying City | Washington, DC | Los Angeles, CA |
| Highest paying state | Connecticut | California |
| Best paying company | American Tower | New Relic |
| Best paying industry | Technology | Finance |
There are a few differences between a collection analyst and an account representative in terms of educational background:
| Collection Analyst | Account Representative | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between collection analysts' and account representatives' demographics:
| Collection Analyst | Account Representative | |
| Average age | 46 | 46 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 33.6% Female, 66.4% |
| Race ratio | Black or African American, 13.9% Unknown, 4.2% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.8% American Indian and Alaska Native, 0.5% | Black or African American, 12.5% Unknown, 4.2% Hispanic or Latino, 17.3% Asian, 3.9% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |