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The differences between lead portfolio 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 lead portfolio manager and a collections manager. Additionally, a lead portfolio manager has an average salary of $131,603, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for a lead portfolio manager include project management, financial models and customer satisfaction. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Lead Portfolio Manager | Collections Manager | |
| Yearly salary | $131,603 | $59,529 |
| Hourly rate | $63.27 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 36,712 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A portfolio manager can be called a wealth manager responsible for developing and managing investment allocation for different clients. Their focus is on the critical aspect of investing money. Often, they work with individuals to assess and determine what strategy will be done for investment. They are the one who creates an investment package according to what the clients want. Also, this career provides security and protection for clients to ensure the return of investment.
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.
Lead portfolio managers and collections managers have different pay scales, as shown below.
| Lead Portfolio Manager | Collections Manager | |
| Average salary | $131,603 | $59,529 |
| Salary range | Between $83,000 And $207,000 | Between $42,000 And $83,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Deutsche Bank | Amazon |
| Best paying industry | Pharmaceutical | Health Care |
There are a few differences between a lead portfolio manager and a collections manager in terms of educational background:
| Lead Portfolio Manager | Collections Manager | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 51% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between lead portfolio managers' and collections managers' demographics:
| Lead Portfolio Manager | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 69.0% Female, 31.0% | 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% |