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The differences between commercial lending vice presidents and collections 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 commercial lending vice president and a collections manager. Additionally, a commercial lending vice president has an average salary of $94,727, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for a commercial lending vice president include loan portfolio, financial statements and business development. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Commercial Lending Vice President | Collections Manager | |
| Yearly salary | $94,727 | $59,529 |
| Hourly rate | $45.54 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 58,563 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A Commercial Lending Vice President provides customers with financial counseling and recommends bank products that fit their needs. They monitor a team of loan officers.
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.
Commercial lending vice presidents and collections managers have different pay scales, as shown below.
| Commercial Lending Vice President | Collections Manager | |
| Average salary | $94,727 | $59,529 |
| Salary range | Between $73,000 And $121,000 | Between $42,000 And $83,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Amazon |
| Best paying industry | - | Health Care |
There are a few differences between a commercial lending vice president and a collections manager in terms of educational background:
| Commercial Lending Vice President | Collections Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 51% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between commercial lending vice presidents' and collections managers' demographics:
| Commercial Lending Vice President | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 81.7% Female, 18.3% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 8.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 7.3% White, 65.1% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 11% | 11% |