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The differences between investment officers 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 an investment officer and a collections manager. Additionally, an investment officer has an average salary of $126,952, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for an investment officer include portfolio management, asset allocation and risk management. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Investment Officer | Collections Manager | |
| Yearly salary | $126,952 | $59,529 |
| Hourly rate | $61.03 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 63,096 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Investment officers determine possible opportunities for businesses and investments that can promote the interest of a company. They are usually responsible for managing and marketing different financial programs, handling money transactions, and providing partnership with clients. Also, they manage the financial investment and approval process. This position typically requires a master's degree in business administration.
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.
Investment officers and collections managers have different pay scales, as shown below.
| Investment Officer | Collections Manager | |
| Average salary | $126,952 | $59,529 |
| Salary range | Between $69,000 And $232,000 | Between $42,000 And $83,000 |
| Highest paying City | Albany, NY | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Matthews International | Amazon |
| Best paying industry | Finance | Health Care |
There are a few differences between an investment officer and a collections manager in terms of educational background:
| Investment Officer | Collections Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 51% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between investment officers' and collections managers' demographics:
| Investment Officer | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 76.7% Female, 23.3% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% 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% |