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The differences between installment agents and collections specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an installment agent and a collections specialist. Additionally, a collections specialist has an average salary of $35,164, which is higher than the $26,430 average annual salary of an installment agent.
The top three skills for an installment agent include customer service, windows and troubleshoot. The most important skills for a collections specialist are customer service, patients, and customer accounts.
| Installment Agent | Collections Specialist | |
| Yearly salary | $26,430 | $35,164 |
| Hourly rate | $12.71 | $16.91 |
| Growth rate | -8% | -8% |
| Number of jobs | 26,460 | 40,277 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 34% |
| Average age | 46 | 46 |
| Years of experience | 12 | 12 |
Installment agents and collections specialists have different pay scales, as shown below.
| Installment Agent | Collections Specialist | |
| Average salary | $26,430 | $35,164 |
| Salary range | Between $10,000 And $68,000 | Between $27,000 And $45,000 |
| Highest paying City | - | Boston, MA |
| Highest paying state | - | Connecticut |
| Best paying company | - | Kent Daniels & Associates |
| Best paying industry | - | Finance |
There are a few differences between an installment agent and a collections specialist in terms of educational background:
| Installment Agent | Collections Specialist | |
| Most common degree | Bachelor's Degree, 41% | Bachelor's Degree, 34% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between installment agents' and collections specialists' demographics:
| Installment Agent | Collections Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 30.5% Female, 69.5% |
| Race ratio | Black or African American, 14.1% Unknown, 4.3% Hispanic or Latino, 18.6% Asian, 4.0% White, 58.5% American Indian and Alaska Native, 0.5% | Black or African American, 12.2% Unknown, 4.1% Hispanic or Latino, 18.5% Asian, 3.7% White, 61.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |