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Collections/account manager vs branch manager

The differences between collections/account managers and branch 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 branch manager. Additionally, a branch manager has an average salary of $56,291, 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 branch manager are customer satisfaction, business development, and branch management.

Collections/account manager vs branch manager overview

Collections/Account ManagerBranch Manager
Yearly salary$48,753$56,291
Hourly rate$23.44$27.06
Growth rate17%17%
Number of jobs114,936333,883
Job satisfaction--
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 65%
Average age4646
Years of experience88

Collections/account manager vs branch manager salary

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

Collections/Account ManagerBranch Manager
Average salary$48,753$56,291
Salary rangeBetween $34,000 And $68,000Between $39,000 And $80,000
Highest paying City-Oakland, CA
Highest paying state-Alaska
Best paying company-FNB
Best paying industry-Professional

Differences between collections/account manager and branch manager education

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

Collections/Account ManagerBranch Manager
Most common degreeBachelor's Degree, 41%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Collections/account manager vs branch manager demographics

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

Collections/Account ManagerBranch Manager
Average age4646
Gender ratioMale, 40.2% Female, 59.8%Male, 59.8% Female, 40.2%
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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between collections/account manager and branch 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

Branch manager example responsibilities.

  • Manage and coordinate a high volume sales pipeline from beginning to closing while ensuring all RESPA regulations are met.
  • Warehouse operations plus office duties, A/P, A/R.
  • Support A/R, A/P, and provide data analyzation from 12 branches to assist with annual budgeting projections/forecasting.
  • Provide leadership for sales, customer service, operations, compliance, and ethics as branch manager of an in-store branch.
  • Educate staff in areas of bank secrecy, bank regulations, and internal audit policy.
  • Train agents and managers using office generate PowerPoint presentations, company flip charts and training videos.
  • Show more

Collections/account manager vs branch 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 branch manager skills
  • Customer Satisfaction, 8%
  • Business Development, 7%
  • Branch Management, 5%
  • Human Resources, 5%
  • Financial Statements, 5%
  • Performance Management, 4%

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