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Collections director salary
Average collections director salary
$73,243
Understanding the Collections Director Salary
The average salary for a Collections Director is currently $73,243 per year, reflecting the critical nature of this role in financial management. Salaries vary significantly based on factors such as experience level, geographic location, and the specific industry. For instance, entry-level positions may start lower, while seasoned professionals can earn upwards of $100,000 in high-demand regions.
Regional Salary Differences
Location plays a significant role in salary expectations. States such as California and New York typically offer higher wages due to their robust job markets and cost of living. In contrast, regions with fewer opportunities may present lower salary averages.
Experience Levels and Salary Growth
As Collections Directors gain experience, their earning potential increases. Those with extensive backgrounds in finance and management are often sought after, leading to higher compensation packages. Understanding these dynamics can help aspiring professionals set realistic career goals.
Job Opportunities
In addition to salary insights, exploring job openings for Collections Directors can provide clarity on the skills and qualifications employers seek. This information is crucial for candidates aiming to advance their careers in this field.
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Where can a Collections Director earn more?
Collections director salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level collections director | $50,400 | $24.21 |
| Mid-level collections director | $77,900 | $37.47 |
| Senior-level collections director | $120,000 | $57.59 |
Collections director salary estimates from across the web
Average collections director salary by state
The highest-paying states for collections directors are New York, New Hampshire, and New Jersey. The lowest average collections director salary states are Kansas, Iowa, and Alabama.
- State view
- County view
Highest paying states for collections directors
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $103,164 | $49.60 |
| 2 | Massachusetts | $93,127 | $44.77 |
| 3 | New Jersey | $94,198 | $45.29 |
| 4 | New Hampshire | $99,923 | $48.04 |
| 5 | District of Columbia | $92,734 | $44.58 |
| 6 | Utah | $84,202 | $40.48 |
| 7 | Nevada | $84,686 | $40.71 |
| 8 | Pennsylvania | $84,663 | $40.70 |
| 9 | Virginia | $90,193 | $43.36 |
| 10 | Florida | $86,532 | $41.60 |
| 11 | Maryland | $90,572 | $43.54 |
| 12 | Delaware | $91,927 | $44.20 |
| 13 | Rhode Island | $89,690 | $43.12 |
| 14 | Maine | $85,355 | $41.04 |
| 15 | Connecticut | $84,110 | $40.44 |
| 16 | Vermont | $81,078 | $38.98 |
| 17 | Ohio | $80,962 | $38.92 |
| 18 | California | $82,959 | $39.88 |
| 19 | Montana | $84,070 | $40.42 |
| 20 | South Dakota | $79,788 | $38.36 |
| 21 | West Virginia | $80,028 | $38.48 |
| 22 | Oregon | $80,111 | $38.51 |
| 23 | Kentucky | $76,383 | $36.72 |
| 24 | Michigan | $78,663 | $37.82 |
| 25 | Idaho | $82,088 | $39.47 |
| 26 | Wisconsin | $73,321 | $35.25 |
| 27 | Alaska | $82,256 | $39.55 |
| 28 | North Carolina | $76,113 | $36.59 |
| 29 | Georgia | $70,766 | $34.02 |
| 30 | Louisiana | $68,113 | $32.75 |
| 31 | Mississippi | $68,409 | $32.89 |
| 32 | New Mexico | $76,612 | $36.83 |
| 33 | Texas | $69,304 | $33.32 |
| 34 | Illinois | $69,579 | $33.45 |
| 35 | Oklahoma | $66,225 | $31.84 |
| 36 | Arizona | $69,953 | $33.63 |
| 37 | Washington | $74,425 | $35.78 |
| 38 | Indiana | $70,357 | $33.83 |
| 39 | North Dakota | $73,794 | $35.48 |
| 40 | South Carolina | $71,016 | $34.14 |
| 41 | Colorado | $68,795 | $33.07 |
| 42 | Alabama | $64,122 | $30.83 |
| 43 | Tennessee | $69,602 | $33.46 |
| 44 | Missouri | $66,746 | $32.09 |
| 45 | Minnesota | $68,219 | $32.80 |
| 46 | Hawaii | $72,960 | $35.08 |
| 47 | Iowa | $64,948 | $31.23 |
| 48 | Arkansas | $63,659 | $30.61 |
| 49 | Nebraska | $61,746 | $29.69 |
| 50 | Kansas | $65,083 | $31.29 |
| 51 | Wyoming | $62,768 | $30.18 |
Highest paying cities for collections directors
The highest-paying cities for collections directors are New York, NY, Concord, NH, and Boston, MA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $103,562 | $49.79 |
| 2 | Concord, NH | $99,071 | $47.63 |
| 3 | Boston, MA | $92,799 | $44.61 |
| 4 | Dover, DE | $91,669 | $44.07 |
| 5 | Annapolis, MD | $90,705 | $43.61 |
| 6 | Providence, RI | $89,593 | $43.07 |
| 7 | Carson City, NV | $88,878 | $42.73 |
| 8 | Novato, CA | $87,886 | $42.25 |
| 9 | Winter Park, FL | $86,767 | $41.71 |
| 10 | Philadelphia, PA | $85,530 | $41.12 |
| 11 | Helena, MT | $84,549 | $40.65 |
| 12 | Hartford, CT | $83,473 | $40.13 |
| 13 | Columbus, OH | $80,336 | $38.62 |
| 14 | Juneau, AK | $80,288 | $38.60 |
| 15 | Charleston, WV | $78,664 | $37.82 |
| 16 | Lansing, MI | $77,677 | $37.34 |
| 17 | Raleigh, NC | $77,360 | $37.19 |
| 18 | Frankfort, KY | $76,844 | $36.94 |
| 19 | Olympia, WA | $75,606 | $36.35 |
| 20 | Bismarck, ND | $73,329 | $35.25 |
Collections director salary details
A collections director's salary ranges from $43,000 a year at the 10th percentile to $122,000 at the 90th percentile.
What is a collections director's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $122,000 | $10,167 | $59 |
| 75th Percentile | $95,000 | $7,917 | $46 |
| Average | $73,243 | $6,104 | $35 |
| 25th Percentile | $55,000 | $4,583 | $26 |
| 10th Percentile | $43,000 | $3,583 | $21 |
Highest paying collections director jobs
The highest paying types of collections directors are accounting director, audit manager, and risk manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Branch Manager | $56,291 | $4,691 | $27.06 | 333,883 |
| Audit Manager | $121,419 | $10,118 | $58.37 | 70,168 |
| Risk Manager | $116,072 | $9,673 | $55.80 | 75,795 |
| Tax Manager | $96,100 | $8,008 | $46.20 | 79,204 |
| Manager Finance Planning And Analysis | $106,888 | $8,907 | $51.39 | 111,706 |
| Accountant And Office Manager | $51,217 | $4,268 | $24.62 | 107,701 |
Top companies hiring collections directors now:
Which companies pay collections directors the most?
Collections director salaries at WKYU and Mayo Clinic are the highest-paying according to our most recent salary estimates. In addition, the average collections director salary at companies like Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.c. Or Aza and Robert Half are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | WKYU | $124,576 | $59.89 |
| 2 | Mayo Clinic | $110,025 | $52.90 |
| 3 | Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.c. Or Aza | $86,633 | $41.65 |
| 4 | Robert Half | $82,907 | $39.86 |
| 5 | Res-Care Premier | $74,702 | $35.91 |
| 6 | Marriott International | $71,578 | $34.41 |
| 7 | The Institutes | $61,289 | $29.47 |
| 8 | New York State Restaurant Association | $56,513 | $27.17 |
| 9 | University of California-Berkeley | $54,500 | $26.20 |
| 10 | Horizon House | $50,743 | $24.40 |
| 11 | Brooklyn Botanic Garden | $41,985 | $20.19 |
Wage gap by gender, race and education
Collections Director salary by industry
The average collections director salary varies across industries:
- The average collections director salary in the technology industry is $93,767, the highest of any industry.
- The average collections director salary in the finance industry is $85,334.
- Collections directors in the finance industry earn an average salary of $61,434, the lowest of any industry.
Highest paying industries for collections directors
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Technology | $93,767 | $45.08 |
| 2 | Manufacturing | $85,334 | $41.03 |
| 3 | Health Care | $84,013 | $40.39 |
| 4 | Non Profits | $81,871 | $39.36 |
| 5 | Finance | $61,434 | $29.54 |
High paying collections director jobs
Collections director salary trends
The average collections director salary has risen by $14,749 over the last ten years. In 2014, the average collections director earned $58,494 annually, but today, they earn $73,243 a year. That works out to a 10% change in pay for collections directors over the last decade.
Compare collections director salaries for cities or states with the national average over time.
Average collections director salary over time
Compare collections director salaries for individual cities or states with the national average.
Collections director salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $73,200 | $35.21 | +3.2% |
| 2024 | $70,900 | $34.09 | +1.5% |
| 2023 | $69,900 | $33.59 | +2.3% |
| 2022 | $68,300 | $32.82 | +2.7% |
| 2021 | $66,500 | $31.95 | +3.1% |
Recently added collections director salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Link Logistics Real Estate Holdco | Director, Collections | Fort Washington, PA | 05/28/2025 | $145,000 |
| Western Washington University | Director of The Western Gallery and Outdoor Sculpture Collection | Bellingham, WA | 05/26/2025 | $100,443 |
| The University of Texas at Austin | Director of Gardens and Collections | Austin, TX | 05/22/2025 | $85,000 |
| Ecolab USA | Director, Collections | Naperville, IL | 05/18/2025 | $141,800 |
| Vail Resorts | Director of Rooms-The Hythe; Marriott Luxury Collection | Vail, CO | 05/14/2025 | $85,863 |
| First Entertainment Credit Union | Director, Collections | Los Angeles, CA | 04/28/2025 | $130,000 |
| First Entertainment Credit Union | Director, Collections | Hollywood, FL | 04/27/2025 | $130,000 |
| University of Texas M.D. Anderson | Director, Billing and Collections | Houston, TX | 04/19/2025 | $100,000 |
| Md Anderson | Director, Billing and Collections | Houston, TX | 04/17/2025 | $100,000 |
| Fanatics Inc. | Director, Collector Experience (CX) | Los Angeles, CA | 04/16/2025 | $173,000 |
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