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Best collections manager certifications
The best certifications for a collections manager are Certified Management Accountant (CMA), Certified Manager Certification (CM), and International Accredited Business Accountant (IABA).
Collections manager certifications demonstrate your competency as a collections manager to employers. However, not all collections manager certifications provide the same value.
Below is a list of the best collections manager certifications. Obtaining a collections manager certification will give you a leg up when you apply for jobs and increase your potential salary.
11 best certifications for collections managers
11 best collections manager certifications
1. Certified Management Accountant (CMA)
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
2. Certified Manager Certification (CM)
The Certified Manager Animal Resources (CMAR) certification program is designed to raise competency and professionalism in the field of Animal Resources Management. The CMAR designation involves a series of four examinations: three exams arranged via an organization called the Institute for Certified Professional Managers (ICPM), and the Animal Resources Exam offered by AALAS. Obtaining the CMAR designation is a sign of professionalism in the field of animal resources management.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
3. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
4. Certified Security Supervision & Management (CSS)
The program candidate must have six months previous security supervisory/management experience or equivalent. Remit the certification fee to IFPO to receive the CSSM application. Candidates accepted into this portion of the program are required to address 10 simulated workplace scenarios demanding supervisory/management action.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 2 year(s)
5. Professional Collection Specialist (PCS)
This designation honors collectors who complete training on professional and ethical collection practices.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
6. Project Management Professional (PMP)
The PMP designation following your name tells current and potential employers that you have demonstrated a solid foundation of knowledge from which you can competently practice project management.To be eligible for a PMP Credential, you must first meet specific educational and project management experience requirements and agree to adhere to a code of professional conduct. The final step to becoming a PMP is passing a rigorous multiple-choice examination designed to objectively assess and measure your ability to apply project management knowledge in the following six domains: initiating the project, planning the project, executing the project, monitoring and controlling the project, closing the project, and professional and social responsibility. This computer-based examination is administered globally with translation aids in 10 languages.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
7. Certified Public Accountant (CPA)
Certified Public Accountant candidates must pass a national exam certifiying that they are eligible to be licensed in the state(s) of their choosing. Information about state licensing requirements is made available in the Licensed Occupation tool.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
8. Professional Collection Manager (PCM)
The ACA Professional Collection Management designation recognizes those individuals who have responsibility for managing collectors and the collection floor. Individuals who want to pursue this designation must first hold the Professional Collection Specialist Certificate.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
9. Certified Medical Office Manager (CMOM)
Experienced medical office professionals with exceptional administrative skills are eligible to sit for the Certified Medical Office Manager (CMOM) exam. To attain CMOM certification, all candidates must demonstrate a high level of knowledge in financial management, managed care contracting, personnel, and time management. Risk management, medical record keeping and facility management issues should also be mastered.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
10. Master Project Manager (MPM)
If you have 3+ years of Project Management Experience, you may apply for MPM™ Master Project Manager Board Certification.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 2 year(s)
11. Health Care Collection Management (HCM)
The Health Care Collection Management Designation provides training and testing to measure knowledge of health care requirements and professional practices in the collection industry.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
What is the best certification for a collections manager?
The best collections manager certification is Certified Management Accountant (CMA). The Certified Management Accountant (CMA) is awarded by the The Association of Accountants and Financial Professionals in Business. This certification is great to have as it shows an improvement in your competency to perform your role. You can earn this certification at the beginning of your career, as it often doesn't require a minimum education level and work experience.
Here's a bit more background on how to obtain this collections manager certification:
- To become a certified Certified Management Accountant (CMA), you need to pass the exam.
- This certificate requires more than two years of work experience.
- Renew certification every 1 year.
What certifications can impact a collections manager career and salary?
The Project Management Professional certification will help you to secure a operations vice president position, which will increase your pay and career trajectory. A operations vice president's average salary is $152,700 whereas collections managers make an average salary of $59,529.
The most common combination of collections manager certifications include: Certified Management Accountant (CMA), Certified Manager Certification (CM), and International Accredited Business Accountant (IABA).
Online courses for collections managers to earn certifications
1. AWS: Data Collection Systems
AWS: Data Collection Systems Course is the first course of the AWS Certified Data Analytics Speciality Specialization. This Course is designed to describe data collection systems and their characteristics in detail. This course is basically divided into three modules and each module is further segmented by Lessons and Video Lectures. This course facilitates learners with approximately 3:30-4:00 Hours Video lectures that provide both Theory and Hands -On knowledge. Also, Graded and Ungraded Quiz...
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4. Financial Accounting & Excel-Comprehensive Accounting Course
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5. Financial Accounting-Debits & Credits-Accounting Transaction
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6. Accounting & Financial Statement Analysis: Complete Training
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7. Introduction to Collections, Generics & Reflection in Java
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8. Java Collections Framework + Generics, Lambdas & Stream API
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16. Introductory Financial Accounting
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