Collections director vs director

The differences between collections directors and directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a collections director, becoming a director takes usually requires 4-6 years. Additionally, a director has an average salary of $113,489, 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 a director are healthcare, customer service, and oversight.

Collections director vs director overview

	Collections Director	Director
Yearly salary	$73,243	$113,489
Hourly rate	$35.21	$54.56
Growth rate	17%	8%
Number of jobs	8,957	230,711
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 64%
Average age	46	40
Years of experience	8	6

Collections director vs director salary

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

	Collections Director	Director
Average salary	$73,243	$113,489
Salary range	Between $43,000 And $122,000	Between $66,000 And $192,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	WKYU	Mayo Clinic
Best paying industry	Technology	Finance

Differences between collections director and director education

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

	Collections Director	Director
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 64%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Collections director vs director demographics

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

	Collections Director	Director
Average age	46	40
Gender ratio	Male, 55.1% Female, 44.9%	Male, 53.2% Female, 46.8%
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, 7.9% Unknown, 5.6% Hispanic or Latino, 14.5% Asian, 6.4% White, 65.5% American Indian and Alaska Native, 0.2%
LGBT Percentage	11%	14%

Differences between collections director and director 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.

Director example responsibilities.

Manage water metering programs for NYC and national portfolio.
Collaborate with the CPA to manage financials and reporting / distribution to physicians.
Manage OEM manufacturing partners for making bulk solutions, product fills and final packaging.
Lead company's first deep-fill structural project, bring company into EPA compliance, establish effective QA-QC program.
Develop company website entirely as well as wrote and manage the SEO and upkeep for overall site maintenance.
Manage the company's hotel portfolio operations and assets, including renovation, new build, conversions, and rebranding.

Collections director vs director skills

Common collections director skills

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

Common director skills

Healthcare, 10%
Customer Service, 10%
Oversight, 7%
Project Management, 6%
Human Resources, 4%
Business Development, 4%