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Working as a Credit And Collection Manager

There is more than meets the eye when it comes to being a credit and collection manager. For example, did you know that they make an average of $42.74 an hour? That's $88,906 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does a Credit And Collection Manager Do

There are certain skills that many credit and collection managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.

When it comes to the most important skills required to be a credit and collection manager, we found that a lot of resumes listed 6.5% of credit and collection managers included credit reports, while 6.2% of resumes included customer service, and 5.7% of resumes included credit limits. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the credit and collection manager job title. But what industry to start with? Most credit and collection managers actually find jobs in the manufacturing and technology industries.

How To Become a Credit And Collection Manager

If you're interested in becoming a credit and collection manager, one of the first things to consider is how much education you need. We've determined that 46.7% of credit and collection managers have a bachelor's degree. In terms of higher education levels, we found that 13.8% of credit and collection managers have master's degrees. Even though most credit and collection managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a credit and collection manager. When we researched the most common majors for a credit and collection manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on credit and collection manager resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a credit and collection manager. In fact, many credit and collection manager jobs require experience in a role such as credit manager. Meanwhile, many credit and collection managers also have previous career experience in roles such as collections manager or credit analyst.

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Average Salary$88,906
Job Growth Rate16%

Credit And Collection Manager Career Paths

Top Careers Before Credit And Collection Manager

Top Careers After Credit And Collection Manager

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Average Salary for a Credit And Collection Manager

Credit And Collection Managers in America make an average salary of $88,906 per year or $43 per hour. The top 10 percent makes over $122,000 per year, while the bottom 10 percent under $64,000 per year.
Average Salary
$88,906

Best Paying Cities

City
Average Salary
Menlo Park, CA
Salary Range69k - 133k$96k$96,301
San Antonio, TX
Salary Range63k - 134k$92k$92,245
Wakefield, MA
Salary Range64k - 122k$89k$89,187
Glenview, IL
Salary Range58k - 110k$81k$80,601
High Point, NC
Salary Range55k - 107k$78k$77,693
Novi, MI
Salary Range55k - 104k$76k$76,447
$41k
$134k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Credit/Collections Manager
Credit/Collections Manager
Robert Half
Robert Half
12/15/2020
12/15/2020
$70,00012/15/2020
$70,000
Credit/Collections Manager
Credit/Collections Manager
Robert Half
Robert Half
12/03/2020
12/03/2020
$75,00012/03/2020
$75,000
Credit & Collections Manager
Credit & Collections Manager
Robert Half
Robert Half
11/19/2020
11/19/2020
$70,00011/19/2020
$70,000
Credit and Collections Manager
Credit and Collections Manager
Randstad
Randstad
11/10/2020
11/10/2020
$70,00011/10/2020
$70,000
Credit & Collections Manager
Credit & Collections Manager
Robert Half
Robert Half
10/24/2020
10/24/2020
$90,86810/24/2020
$90,868
See More Recent Salaries

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Credit And Collection Manager Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Credit And Collection Manager. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Credit And Collection Manager Resume

At Zippia, we went through countless Credit And Collection Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Credit And Collection Manager Demographics

Gender

female

48.6 %

male

48.1 %

unknown

3.2 %

Ethnicity

White

69.0 %

Hispanic or Latino

14.3 %

Black or African American

7.5 %

Foreign Languages Spoken

Spanish

71.3 %

Portuguese

5.3 %

Italian

5.3 %
See More Demographics

Credit And Collection Manager Education

Majors

Business
44.8 %
Finance
7.7 %

Degrees

Bachelors

46.7 %

Associate

17.6 %

Masters

13.8 %

Top Colleges for Credit And Collection Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Public

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. SUNY Farmingdale

Farmingdale, NY • Public

In-State Tuition
$8,306
Enrollment
9,394

9. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

10. SUNY Stony Brook

Stony Brook, NY • Public

In-State Tuition
$9,625
Enrollment
17,407
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Credit And Collection Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 6.5% of credit and collection managers listed credit reports on their resume, but soft skills such as analytical skills and communication skills are important as well.

Best States For a Credit And Collection Manager

Some places are better than others when it comes to starting a career as a credit and collection manager. The best states for people in this position are New York, New Jersey, Delaware, and Connecticut. Credit and collection managers make the most in New York with an average salary of $102,566. Whereas in New Jersey and Delaware, they would average $96,816 and $94,813, respectively. While credit and collection managers would only make an average of $94,092 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Delaware

Total Credit And Collection Manager Jobs:
67
Highest 10% Earn:
$166,000
Location Quotient:
1.98
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Credit And Collection Manager Jobs:
663
Highest 10% Earn:
$178,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Credit And Collection Manager Jobs:
175
Highest 10% Earn:
$166,000
Location Quotient:
1.33
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Credit And Collection Manager Employers

1. Rent-A-Center
4.3
Avg. Salary: 
$73,753
Credit And Collection Managers Hired: 
50+
2. Robert Half International
4.5
Avg. Salary: 
$60,672
Credit And Collection Managers Hired: 
27+
3. AT&T
4.8
Avg. Salary: 
$66,075
Credit And Collection Managers Hired: 
26+
4. Badcock Home Furniture &more
4.5
Avg. Salary: 
$81,606
Credit And Collection Managers Hired: 
13+
5. Waste Management
4.5
Avg. Salary: 
$73,381
Credit And Collection Managers Hired: 
13+
6. General Electric
4.7
Avg. Salary: 
$91,233
Credit And Collection Managers Hired: 
11+

Credit And Collection Manager Videos

Updated October 2, 2020