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The differences between fiscal managers 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 fiscal manager and a collections manager. Additionally, a fiscal manager has an average salary of $61,354, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for a fiscal manager include fiscal management, payroll taxes and general ledger. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Fiscal Manager | Collections Manager | |
| Yearly salary | $61,354 | $59,529 |
| Hourly rate | $29.50 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,132 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A fiscal manager supervises branch inventory project design to reinforce inventory levels by implementing the newest procedures and installation of software. A part of his/her or her duties and responsibilities are to execute all bookkeeping payroll functions which include employee pay adjustment processing and electronic deposits. Fiscal managers provide general oversight of monetary reporting and auditing of subcontract agencies to make sure fiscal compliance with contractual and funder requirements. They maintain individual files for every vendor or subcontractor invoices, analyze and archive vendor statements and solve billing discrepancies.
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.
Fiscal managers and collections managers have different pay scales, as shown below.
| Fiscal Manager | Collections Manager | |
| Average salary | $61,354 | $59,529 |
| Salary range | Between $43,000 And $85,000 | Between $42,000 And $83,000 |
| Highest paying City | Merced, CA | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | City of Detroit | Amazon |
| Best paying industry | Internet | Health Care |
There are a few differences between a fiscal manager and a collections manager in terms of educational background:
| Fiscal Manager | Collections Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 51% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between fiscal managers' and collections managers' demographics:
| Fiscal Manager | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 34.8% Female, 65.2% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.8% White, 63.9% 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% |