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Collections/account manager vs asset manager

The differences between collections/account managers and asset managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a collections/account manager and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $48,753 average annual salary of a collections/account manager.

The top three skills for a collections/account manager include customer service, payment arrangements and debt collection. The most important skills for an asset manager are asset management, financial statements, and property management.

Collections/account manager vs asset manager overview

Collections/Account ManagerAsset Manager
Yearly salary$48,753$85,814
Hourly rate$23.44$41.26
Growth rate17%17%
Number of jobs114,93664,732
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 68%
Average age4646
Years of experience88

Collections/account manager vs asset manager salary

Collections/account managers and asset managers have different pay scales, as shown below.

Collections/Account ManagerAsset Manager
Average salary$48,753$85,814
Salary rangeBetween $34,000 And $68,000Between $59,000 And $123,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Deutsche Bank
Best paying industry-Finance

Differences between collections/account manager and asset manager education

There are a few differences between a collections/account manager and an asset manager in terms of educational background:

Collections/Account ManagerAsset Manager
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Collections/account manager vs asset manager demographics

Here are the differences between collections/account managers' and asset managers' demographics:

Collections/Account ManagerAsset Manager
Average age4646
Gender ratioMale, 40.2% Female, 59.8%Male, 64.3% Female, 35.7%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 7.3% White, 65.6% American Indian and Alaska Native, 0.3%Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections/account manager and asset manager duties and responsibilities

Collections/account manager example responsibilities.

  • Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.
  • Process payroll and employee benefits, mediated/resolve personnel issues and assure EEOC and OSHA compliance.
  • Handle high volume incoming/outgoing calls, skip-tracing to find location information by following FDCPA regulations and hit monthly budget.
  • Maintain and ensure a working knowledge of all federal, state and local governmental regulations including FDCPA, TCPA and FISMA.
  • Negotiate and execute contract labor, outsourcing and payroll servicing contracts.
  • Resolve delinquency by ACH payment collections, implement payment programs and negotiate settlements.
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Asset manager example responsibilities.

  • Manage and improve the processes require to support server end of life and normal windows patching processes.
  • Manage a pipeline of assets/projects through the project life cycle of short sale/deed in lieu of foreclosure through closing.
  • Manage and facilitate IRB investigations of report non-compliance and/or scientific misconduct.
  • Recognize for financial acumen, successfully managing invoicing, vendor accounts, reconciliations, and target reports.
  • Manage commercial and multifamily REO portfolio preparing property operating plans to enhance value and marketability of REO asset
  • Trade structured product securities for accounts manage by other portfolio managers base on economic conditions and the needs of specific portfolios.
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Collections/account manager vs asset manager skills

Common collections/account manager skills
  • Customer Service, 17%
  • Payment Arrangements, 11%
  • Debt Collection, 11%
  • Delinquent Accounts, 10%
  • Student Loans, 7%
  • Past Due Accounts, 6%
Common asset manager skills
  • Asset Management, 20%
  • Financial Statements, 7%
  • Property Management, 7%
  • Customer Service, 6%
  • Oversight, 5%
  • Loan Portfolio, 5%

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