Collections director vs asset manager

The differences between collections directors 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 director and an asset manager. Additionally, an asset manager has an average salary of $85,814, which is higher than the $73,243 average annual salary of a collections director.

The top three skills for a collections director include oversight, process improvement and collection process. The most important skills for an asset manager are asset management, financial statements, and property management.

Collections director vs asset manager overview

	Collections Director	Asset Manager
Yearly salary	$73,243	$85,814
Hourly rate	$35.21	$41.26
Growth rate	17%	17%
Number of jobs	8,957	64,732
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 68%
Average age	46	46
Years of experience	8	8

Collections director vs asset manager salary

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

	Collections Director	Asset Manager
Average salary	$73,243	$85,814
Salary range	Between $43,000 And $122,000	Between $59,000 And $123,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	WKYU	Deutsche Bank
Best paying industry	Technology	Finance

Differences between collections director and asset manager education

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

	Collections Director	Asset Manager
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Collections director vs asset manager demographics

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

	Collections Director	Asset Manager
Average age	46	46
Gender ratio	Male, 55.1% Female, 44.9%	Male, 64.3% Female, 35.7%
Race ratio	Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 7.3% White, 65.3% 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 Percentage	11%	11%

Differences between collections director and asset manager duties and responsibilities

Collections director example responsibilities.

Achieve goal a year ahead of schedule, reducing DSO's from a steady 59 days to 43 days.
Manage team through budget/business plans with oversight responsibility to department objectives.
Credit and collection duties to maintain appropriate DSO levels.
Perform collections activities on delinquent loan accounts to include repossessions, foreclosures, bankruptcy proceedings, and disposition of repossess assets.
Supervise the project to move the majority of vendors and customers to ACH transactions.
Initial collections experience; develop communication and negotiation skills while quickly progressing through various departments specializing in different financial areas.

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.

Collections director vs asset manager skills

Common collections director skills

Oversight, 13%
Process Improvement, 8%
Collection Process, 7%
Customer Service, 6%
Financial Statements, 5%
Cash Flow, 5%

Common asset manager skills

Asset Management, 20%
Financial Statements, 7%
Property Management, 7%
Customer Service, 6%
Oversight, 5%
Loan Portfolio, 5%