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Credit and collections analyst salary
Average credit and collections analyst salary
$49,262
Understanding Credit and Collections Analyst Salaries
The Credit and Collections Analyst role is vital for businesses aiming to maintain cash flow and minimize overdue accounts. As of October 2025, the average salary for this position is $49,262 annually, equating to around $24 per hour. Salaries can vary significantly based on factors such as location, experience, and industry sector.
Salary Variations by Experience
Entry-level positions typically start lower, with salaries increasing as analysts gain experience. For instance:
- Entry-level: ~$40,000
- Mid-level: ~$50,000
- Senior-level: ~$65,000
Top Paying States
Geographically, states like California, New York, and Texas often provide the highest salaries due to higher living costs and demand for financial professionals. Understanding these dynamics can help you target your job search more effectively.
Career Advancement Opportunities
With experience, Credit and Collections Analysts can advance to managerial positions or specialize in financial analysis, further enhancing their earning potential.
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Where can a Credit And Collections Analyst earn more?
Credit and collections analyst salaries by experience level
Credit and collections analyst salary estimates from across the web
Average credit and collections analyst salary by state
The average credit and collections analyst salary in Connecticut, New Jersey, and Massachusetts are the highest in the U.S. The lowest average credit and collections analyst salary states are New Mexico, Alabama, and Oklahoma.
- State view
- County view
Highest paying states for credit and collections analysts
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $74,043 | $35.60 |
| 2 | New Jersey | $61,005 | $29.33 |
| 3 | Rhode Island | $54,857 | $26.37 |
| 4 | Pennsylvania | $53,904 | $25.92 |
| 5 | Delaware | $54,407 | $26.16 |
| 6 | New York | $55,572 | $26.72 |
| 7 | Maryland | $58,821 | $28.28 |
| 8 | Connecticut | $64,301 | $30.91 |
| 9 | Massachusetts | $59,033 | $28.38 |
| 10 | Ohio | $50,522 | $24.29 |
| 11 | Kentucky | $55,252 | $26.56 |
| 12 | Wisconsin | $51,207 | $24.62 |
| 13 | Illinois | $54,008 | $25.97 |
| 14 | California | $58,583 | $28.16 |
| 15 | Virginia | $57,431 | $27.61 |
| 16 | Michigan | $54,199 | $26.06 |
| 17 | Arizona | $48,466 | $23.30 |
| 18 | Alaska | $55,925 | $26.89 |
| 19 | Oregon | $50,925 | $24.48 |
| 20 | Missouri | $48,054 | $23.10 |
| 21 | Minnesota | $49,532 | $23.81 |
| 22 | Indiana | $49,176 | $23.64 |
| 23 | Vermont | $49,286 | $23.70 |
| 24 | North Dakota | $49,576 | $23.83 |
| 25 | New Hampshire | $50,648 | $24.35 |
| 26 | Nevada | $48,013 | $23.08 |
| 27 | North Carolina | $48,355 | $23.25 |
| 28 | Mississippi | $48,974 | $23.55 |
| 29 | Georgia | $48,126 | $23.14 |
| 30 | Colorado | $47,832 | $23.00 |
| 31 | Tennessee | $46,773 | $22.49 |
| 32 | Maine | $46,638 | $22.42 |
| 33 | Texas | $45,031 | $21.65 |
| 34 | Kansas | $45,729 | $21.99 |
| 35 | Florida | $45,309 | $21.78 |
| 36 | Nebraska | $44,708 | $21.49 |
| 37 | South Dakota | $44,055 | $21.18 |
| 38 | Utah | $41,464 | $19.93 |
| 39 | Washington | $45,158 | $21.71 |
| 40 | South Carolina | $46,041 | $22.14 |
| 41 | West Virginia | $44,425 | $21.36 |
| 42 | Montana | $45,100 | $21.68 |
| 43 | Idaho | $45,017 | $21.64 |
| 44 | Hawaii | $45,232 | $21.75 |
| 45 | Wyoming | $43,915 | $21.11 |
| 46 | Arkansas | $41,528 | $19.97 |
| 47 | Louisiana | $43,686 | $21.00 |
| 48 | Alabama | $42,534 | $20.45 |
| 49 | Iowa | $41,824 | $20.11 |
| 50 | Oklahoma | $42,359 | $20.36 |
| 51 | New Mexico | $43,083 | $20.71 |
Highest paying cities for credit and collections analysts
The highest-paying cities for credit and collections analysts are Bridgewater, NJ, San Jose, CA, and Woburn, MA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Bridgewater, NJ | $60,967 | $29.31 |
| 2 | San Jose, CA | $60,664 | $29.17 |
| 3 | Woburn, MA | $58,698 | $28.22 |
| 4 | New York, NY | $55,751 | $26.80 |
| 5 | Detroit, MI | $54,529 | $26.22 |
| 6 | Glenview, IL | $54,428 | $26.17 |
| 7 | Philadelphia, PA | $54,298 | $26.10 |
| 8 | Milwaukee, WI | $51,421 | $24.72 |
| 9 | Portland, OR | $50,672 | $24.36 |
| 10 | Columbus, OH | $50,079 | $24.08 |
| 11 | Bloomington, MN | $49,455 | $23.78 |
| 12 | Indianapolis, IN | $49,059 | $23.59 |
| 13 | Saint Louis, MO | $49,025 | $23.57 |
| 14 | Phoenix, AZ | $48,526 | $23.33 |
| 15 | North Las Vegas, NV | $47,884 | $23.02 |
| 16 | Aurora, CO | $47,772 | $22.97 |
| 17 | Statesville, NC | $47,646 | $22.91 |
| 18 | Memphis, TN | $45,788 | $22.01 |
| 19 | Miami, FL | $45,528 | $21.89 |
| 20 | San Antonio, TX | $45,509 | $21.88 |
Credit and collections analyst salary details
A credit and collections analyst's salary ranges from $35,000 a year at the 10th percentile to $69,000 at the 90th percentile.
What is a credit and collections analyst's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $69,000 | $5,750 | $33 |
| 75th Percentile | $58,000 | $4,833 | $28 |
| Average | $49,262 | $4,105 | $24 |
| 25th Percentile | $41,000 | $3,417 | $20 |
| 10th Percentile | $35,000 | $2,917 | $17 |
Highest paying credit and collections analyst jobs
The highest paying types of credit and collections analysts are senior credit analyst, analyst, and credit and collection manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Account Representative | $36,977 | $3,081 | $17.78 | 183,446 |
| Analyst | $73,007 | $6,084 | $35.10 | 253,138 |
| Credit Representative | $39,268 | $3,272 | $18.88 | 73,520 |
| Credit Manager | $68,583 | $5,715 | $32.97 | 63,898 |
| Collector | $34,872 | $2,906 | $16.77 | 23,948 |
| Accounts Receivable Analyst | $43,692 | $3,641 | $21.01 | 26,558 |
Top companies hiring credit and collections analysts now:
Which companies pay credit and collections analysts the most?
Credit and collections analyst salaries at Vishay and WEC Energy Group are the highest-paying according to our most recent salary estimates. In addition, the average credit and collections analyst salary at companies like fathom and Elanco are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Vishay | $80,946 | $38.92 |
| 2 | WEC Energy Group | $74,518 | $35.83 |
| 3 | fathom | $67,161 | $32.29 |
| 4 | Elanco | $66,244 | $31.85 |
| 5 | Reckitt Benckiser | $64,959 | $31.23 |
| 6 | Johnson & Johnson | $62,732 | $30.16 |
| 7 | Mirabito | $62,506 | $30.05 |
| 8 | Hoffmann-LA Roche Inc | $62,145 | $29.88 |
| 9 | Fortune Brands Home & Security | $62,025 | $29.82 |
| 10 | Careerstaff Unlimited - A Genesis Healthcare Company | $61,512 | $29.57 |
| 11 | Crown Equipment | $60,164 | $28.93 |
| 12 | Teledyne Technologies Incorporated | $59,788 | $28.74 |
| 13 | Oracle | $59,178 | $28.45 |
| 14 | ITT | $59,026 | $28.38 |
| 15 | Waters | $58,201 | $27.98 |
| 16 | Allied Motion Technologies | $57,902 | $27.84 |
| 17 | Oldcastle Infrastructure | $56,441 | $27.14 |
| 18 | New Era Cap | $55,988 | $26.92 |
| 19 | NOV | $55,498 | $26.68 |
| 20 | The Manitowoc Company | $55,470 | $26.67 |
Wage gap by gender, race and education
Credit And Collections Analyst salary by industry
The average credit and collections analyst salary varies across industries:
- The average credit and collections analyst salary in the finance industry is $53,740, the highest of any industry.
- The average credit and collections analyst salary in the finance industry is $51,685.
- Credit and collections analysts in the retail industry earn an average salary of $44,814, the lowest of any industry.
Highest paying industries for credit and collections analysts
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $53,740 | $25.84 |
| 2 | Technology | $51,685 | $24.85 |
| 3 | Agriculture | $47,522 | $22.85 |
| 4 | Manufacturing | $44,984 | $21.63 |
| 5 | Retail | $44,814 | $21.55 |
High paying credit and collections analyst jobs
Credit and collections analyst salary trends
The average credit and collections analyst salary has risen by $7,990 over the last ten years. In 2014, the average credit and collections analyst earned $41,272 annually, but today, they earn $49,262 a year. That works out to a 8% change in pay for credit and collections analysts over the last decade.
Compare credit and collections analyst salaries for cities or states with the national average over time.
Average credit and collections analyst salary over time
Compare credit and collections analyst salaries for individual cities or states with the national average.
Credit and collections analyst salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $49,300 | $23.68 | +2.9% |
| 2024 | $47,800 | $23.00 | +2.6% |
| 2023 | $46,600 | $22.39 | +1.9% |
| 2022 | $45,700 | $21.96 | -0.1% |
| 2021 | $45,700 | $21.97 | +2.6% |
Recently added credit and collections analyst salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Air Treatment | Credit and Collections Analyst | Brea, CA | 06/30/2025 | $60,000 |
| Lennox International | Credit Collections Analyst | Richardson, TX | 06/29/2025 | $56,000 |
| Oracle | Portuguese Bilingual Credit & Collections Analyst-FIN | San Antonio, TX | 06/29/2025 | $51,200 |
| Builders Firstsource, Inc. | Credit and Collections Analyst | Santa Clarita, CA | 06/28/2025 | $69,000 |
| Westaff | Collections and Credit Specialist | Meriden, CT | 06/27/2025 | $58,436 |
| Aston Carter | Credit and Collections Specialist | Chelmsford, MA | 06/27/2025 | $50,088 |
| Amrize | Credit and Collections Analyst | Gilbert, AZ | 06/20/2025 | $58,800 |
| Baxter | Credit & Collections Specialist | Birmingham, AL | 06/18/2025 | $41,600 |
| Sika Corporation | Credit & Collections Specialist | Rutherford, NJ | 06/18/2025 | $62,000 |
| Iberdrola | Analyst-Credit & Collections | Augusta, ME | 06/18/2025 | $64,538 |
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