Collections director vs branch manager

The differences between collections directors 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 director and a branch manager. Additionally, a collections director has an average salary of $73,243, which is higher than the $56,291 average annual salary of a branch manager.

The top three skills for a collections director include oversight, process improvement and collection process. The most important skills for a branch manager are customer satisfaction, business development, and branch management.

Collections director vs branch manager overview

	Collections Director	Branch Manager
Yearly salary	$73,243	$56,291
Hourly rate	$35.21	$27.06
Growth rate	17%	17%
Number of jobs	8,957	333,883
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 65%
Average age	46	46
Years of experience	8	8

Collections director vs branch manager salary

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

	Collections Director	Branch Manager
Average salary	$73,243	$56,291
Salary range	Between $43,000 And $122,000	Between $39,000 And $80,000
Highest paying City	New York, NY	Oakland, CA
Highest paying state	New York	Alaska
Best paying company	WKYU	FNB
Best paying industry	Technology	Professional

Differences between collections director and branch manager education

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

	Collections Director	Branch Manager
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Collections director vs branch manager demographics

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

	Collections Director	Branch Manager
Average age	46	46
Gender ratio	Male, 55.1% Female, 44.9%	Male, 59.8% Female, 40.2%
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, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.8% White, 64.3% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between collections director and branch 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.

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.

Collections director vs branch manager skills

Common collections director skills

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

Common branch manager skills

Customer Satisfaction, 8%
Business Development, 7%
Branch Management, 5%
Human Resources, 5%
Financial Statements, 5%
Performance Management, 4%