Collections manager vs portfolio manager

The differences between collections managers and portfolio 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 manager and a portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $59,529 average annual salary of a collections manager.

The top three skills for a collections manager include customer service, collection management and portfolio. The most important skills for a portfolio manager are portfolio management, customer service, and risk management.

Collections manager vs portfolio manager overview

	Collections Manager	Portfolio Manager
Yearly salary	$59,529	$114,671
Hourly rate	$28.62	$55.13
Growth rate	17%	17%
Number of jobs	44,553	43,192
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 71%
Average age	46	46
Years of experience	8	8

What does a collections manager do?

A collections manager is an individual who manages a staff of collectors whose job is to contact companies and individuals for the late payments on the products and services they have received. Collections managers oversee a company's process of retrieving money owed to them by assigning collectors to collect the money. They are required to handle customer complaints and must negotiate with customers about payment arrangements to ensure they are being paid. They also provide reports on the collection department's progress, statistics, and data analysis.

What does a portfolio manager do?

A portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.

Collections manager vs portfolio manager salary

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

	Collections Manager	Portfolio Manager
Average salary	$59,529	$114,671
Salary range	Between $42,000 And $83,000	Between $66,000 And $198,000
Highest paying City	New York, NY	Stamford, CT
Highest paying state	New York	Connecticut
Best paying company	Amazon	The Citadel
Best paying industry	Health Care	Finance

Differences between collections manager and portfolio manager education

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

	Collections Manager	Portfolio Manager
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Collections manager vs portfolio manager demographics

Here are the differences between collections managers' and portfolio managers' demographics:

	Collections Manager	Portfolio Manager
Average age	46	46
Gender ratio	Male, 50.8% Female, 49.2%	Male, 66.6% Female, 33.4%
Race ratio	Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3%	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between collections manager and portfolio manager duties and responsibilities

Collections manager example responsibilities.

Achieve 182 FTE save, and annual net saving of $2.8MM
Manage Medicaid accounts in effort to receive payment from them.
Manage self pay and Medicaid pending collections throughout the southeast region.
Organize the managed care effort to ensure that patients are not accept from incorrect PPO's and HMO's.
Create and implement new quantitative process to achieve corporate DSO targets that determines monthly cash collection targets by business unit.
Achieve historical low of six percent in A/R over 30 days past due and reduction of DSO to 53 days.

Portfolio manager example responsibilities.

Manage ongoing existing client needs and assist in credit structuring at loan origination.
Manage over $900M in U.S. Equities and fixed-income; are simultaneously responsible for monitoring over $1.4b in global assets
Manage governance, engage stakeholders and communicate budget impact to senior management.
Conduct post-promotion analysis and manage financial reporting to ensure favorable ROI for clients.
Create PowerPoint presentation books for clients.
Facilitate internal, external, GAAP audits.

Collections manager vs portfolio manager skills

Common collections manager skills

Customer Service, 15%
Collection Management, 9%
Portfolio, 7%
FDCPA, 5%
Delinquent Accounts, 4%
Credit Card, 4%

Common portfolio manager skills

Portfolio Management, 10%
Customer Service, 9%
Risk Management, 5%
Project Management, 5%
Financial Statements, 5%
Real Estate, 5%

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Collections Manager
Collections Manager vs Portfolio Manager

Updated January 8, 2025

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