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Collections/account manager vs bank manager

The differences between collections/account managers and bank 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 a bank manager. Additionally, a bank manager has an average salary of $96,910, 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 a bank manager are bank products, financial services, and business development.

Collections/account manager vs bank manager overview

Collections/Account ManagerBank Manager
Yearly salary$48,753$96,910
Hourly rate$23.44$46.59
Growth rate17%17%
Number of jobs114,93666,136
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 64%
Average age4646
Years of experience88

Collections/account manager vs bank manager salary

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

Collections/Account ManagerBank Manager
Average salary$48,753$96,910
Salary rangeBetween $34,000 And $68,000Between $65,000 And $142,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-Accenture
Best paying industry-Finance

Differences between collections/account manager and bank manager education

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

Collections/Account ManagerBank Manager
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Collections/account manager vs bank manager demographics

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

Collections/Account ManagerBank Manager
Average age4646
Gender ratioMale, 40.2% Female, 59.8%Male, 48.9% Female, 51.1%
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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections/account manager and bank 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.
  • Show more

Bank manager example responsibilities.

  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Collaborate with corporate training designers and facilitators to plan, develop and execute AML and KYC relate training.
  • Handle escalations in the absence of the FCM; ensure enterprise complaint tracking own resource management for the financial center.
  • Team up with FCM and regional recruiter in interview and hiring process.
  • Perform other jobs and relate projects as assigned including mentoring sales employees to exceed assign goals by Bancorp.
  • Monitor all banking operations according to the federal rules and regulations, including performing monthly audits, and following Bancorp standards.
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Collections/account manager vs bank 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 bank manager skills
  • Bank Products, 7%
  • Financial Services, 7%
  • Business Development, 6%
  • Secrecy, 6%
  • Bank Secrecy Act, 6%
  • Community Involvement, 5%

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