Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between fixed income 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 fixed income manager and a collections manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Fixed Income Manager | Collections Manager | |
| Yearly salary | $118,511 | $59,529 |
| Hourly rate | $56.98 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
To analyze, balance, set goals with the client, and ensure that these goals are achieved is the primary job of a fixed income manager. Fixed income managers are behind the monitoring of fixed-income investments, which are the options for people who like to invest but with less stress. They make investors understand how the system works, put up a specific amount, set forth the sail of the investment, and ensure that the expected earnings from it are received.
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.
Fixed income managers and collections managers have different pay scales, as shown below.
| Fixed Income Manager | Collections Manager | |
| Average salary | $118,511 | $59,529 |
| Salary range | Between $59,000 And $237,000 | Between $42,000 And $83,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Bloomberg | Amazon |
| Best paying industry | Finance | Health Care |
There are a few differences between a fixed income manager and a collections manager in terms of educational background:
| Fixed Income Manager | Collections Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 51% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between fixed income managers' and collections managers' demographics:
| Fixed Income Manager | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% 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% |