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.
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.
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.
Tell us your goals and we'll match you with the right jobs to get there.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a credit and collection manager can determine their career goals through the career progression. For example, they could start out with a role such as accounts receivable manager, progress to a title such as accounting manager and then eventually end up with the title senior accounting manager.
Tell us your goals and we'll match you with the rights job to get there.
Use Zippia's Salary Calculator to see how your pay matches up.
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 InformationPhiladelphia, PA • Private
Evanston, IL • Private
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Vestal, NY • Public
Villanova, PA • Private
San Diego, CA • Public
Waltham, MA • Private
Farmingdale, NY • Public
Boston, MA • Private
Stony Brook, NY • Public
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.
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
$94,813
Avg. Salary
2. New York
$102,567
Avg. Salary
3. Connecticut
$94,093
Avg. Salary