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Collections specialist salary
Average collections specialist salary
$35,164
Understanding Collections Specialist Salaries
A Collections Specialist typically earns around $35,164 annually, with variations based on experience and location. Entry-level positions may start at lower salaries, while seasoned professionals can command significantly higher pay.
Salary by Experience Level
Experience plays a crucial role in salary potential. Early-career specialists might earn approximately $30,000, while those with several years in the field can exceed $50,000.
Where to Earn More
Specific states, such as California and New York, often provide the highest salaries for collections specialists. For instance, positions in urban areas generally offer better compensation compared to rural settings. Additional factors impacting salary include industry, company size, and specific job responsibilities.
Job Opportunities
Explore various job listings for Collections Specialists across platforms like Zippia. Understanding salary ranges can help you negotiate better offers and plan your career path effectively.
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Where can a Collections Specialist earn more?
Collections specialist salaries by experience level
Collections specialist salary estimates from across the web
Average collections specialist salary by state
The highest-paying states for collections specialists are Connecticut, Massachusetts, and California. The lowest average collections specialist salary states are Iowa, Oklahoma, and Nebraska.
- State view
- County view
Highest paying states for collections specialists
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $45,762 | $22.00 |
| 2 | Massachusetts | $45,161 | $21.71 |
| 3 | Connecticut | $45,913 | $22.07 |
| 4 | Alaska | $42,001 | $20.19 |
| 5 | Rhode Island | $40,448 | $19.45 |
| 6 | New Jersey | $41,972 | $20.18 |
| 7 | Vermont | $38,783 | $18.65 |
| 8 | California | $42,390 | $20.38 |
| 9 | Hawaii | $41,412 | $19.91 |
| 10 | Mississippi | $36,437 | $17.52 |
| 11 | Washington | $39,448 | $18.97 |
| 12 | Minnesota | $36,655 | $17.62 |
| 13 | Arizona | $35,255 | $16.95 |
| 14 | Oregon | $38,907 | $18.71 |
| 15 | Pennsylvania | $36,951 | $17.76 |
| 16 | New Hampshire | $38,013 | $18.28 |
| 17 | Maine | $36,970 | $17.77 |
| 18 | Michigan | $34,938 | $16.80 |
| 19 | Colorado | $36,866 | $17.72 |
| 20 | Wisconsin | $35,571 | $17.10 |
| 21 | Maryland | $37,109 | $17.84 |
| 22 | North Carolina | $35,284 | $16.96 |
| 23 | Georgia | $34,566 | $16.62 |
| 24 | Missouri | $33,867 | $16.28 |
| 25 | Texas | $34,576 | $16.62 |
| 26 | Florida | $34,237 | $16.46 |
| 27 | Wyoming | $33,072 | $15.90 |
| 28 | New York | $38,137 | $18.34 |
| 29 | Illinois | $35,197 | $16.92 |
| 30 | Nevada | $33,884 | $16.29 |
| 31 | North Dakota | $33,718 | $16.21 |
| 32 | Kansas | $32,243 | $15.50 |
| 33 | Ohio | $32,338 | $15.55 |
| 34 | Indiana | $32,146 | $15.45 |
| 35 | Tennessee | $32,016 | $15.39 |
| 36 | Utah | $32,697 | $15.72 |
| 37 | Kentucky | $31,342 | $15.07 |
| 38 | Virginia | $34,017 | $16.35 |
| 39 | Iowa | $30,195 | $14.52 |
| 40 | Idaho | $31,338 | $15.07 |
| 41 | New Mexico | $31,391 | $15.09 |
| 42 | South Carolina | $31,311 | $15.05 |
| 43 | Louisiana | $30,631 | $14.73 |
| 44 | Delaware | $31,049 | $14.93 |
| 45 | Montana | $30,985 | $14.90 |
| 46 | Alabama | $30,306 | $14.57 |
| 47 | Arkansas | $28,182 | $13.55 |
| 48 | South Dakota | $28,322 | $13.62 |
| 49 | Oklahoma | $28,923 | $13.91 |
| 50 | Nebraska | $28,838 | $13.86 |
| 51 | West Virginia | $27,619 | $13.28 |
Highest paying cities for collections specialists
The highest-paying cities for collections specialists are Boston, MA, Los Angeles, CA, and Seattle, WA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Boston, MA | $45,241 | $21.75 |
| 2 | Los Angeles, CA | $42,195 | $20.29 |
| 3 | Seattle, WA | $39,650 | $19.06 |
| 4 | Portland, OR | $38,806 | $18.66 |
| 5 | New York, NY | $38,118 | $18.33 |
| 6 | Philadelphia, PA | $37,463 | $18.01 |
| 7 | Baltimore, MD | $37,392 | $17.98 |
| 8 | Englewood, CO | $36,934 | $17.76 |
| 9 | Minneapolis, MN | $36,649 | $17.62 |
| 10 | Greenville, NC | $35,701 | $17.16 |
| 11 | Milwaukee, WI | $35,549 | $17.09 |
| 12 | Chicago, IL | $35,329 | $16.99 |
| 13 | Phoenix, AZ | $35,224 | $16.93 |
| 14 | San Antonio, TX | $35,073 | $16.86 |
| 15 | Roswell, GA | $34,569 | $16.62 |
| 16 | Saint Petersburg, FL | $34,378 | $16.53 |
| 17 | Saint Louis, MO | $33,955 | $16.32 |
| 18 | Las Vegas, NV | $33,821 | $16.26 |
| 19 | Richmond, VA | $33,693 | $16.20 |
| 20 | Salt Lake City, UT | $32,643 | $15.69 |
Collections Specialists are the most in-demand in these five cities:
Collections specialist salary details
A collections specialist's salary ranges from $27,000 a year at the 10th percentile to $45,000 at the 90th percentile.
What is a collections specialist's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $45,000 | $3,750 | $22 |
| 75th Percentile | $40,000 | $3,333 | $19 |
| Average | $35,164 | $2,930 | $17 |
| 25th Percentile | $30,000 | $2,500 | $14 |
| 10th Percentile | $27,000 | $2,250 | $13 |
Highest paying collections specialist jobs
The highest paying types of collections specialists are specialist, credit and collections analyst, and service specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Medical Collector | $36,235 | $3,020 | $17.42 | 73,797 |
| Debt Collector | $33,865 | $2,822 | $16.28 | 23,385 |
| Collections, Customer Service | $32,870 | $2,739 | $15.80 | 161,544 |
| Credit And Collections Analyst | $49,262 | $4,105 | $23.68 | 18,105 |
| Collections Representative | $34,015 | $2,835 | $16.35 | 85,275 |
| Collections/Accounts Receivable | $38,949 | $3,246 | $18.73 | 30,523 |
Top companies hiring collections specialists now:
Which companies pay collections specialists the most?
Collections specialist salaries at Kent Daniels & Associates and Goldman Sachs are the highest-paying according to our most recent salary estimates. In addition, the average collections specialist salary at companies like Clear Channel Airport and Seneca Foods are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Kent Daniels & Associates | $54,324 | $26.12 |
| 2 | Goldman Sachs | $53,109 | $25.53 |
| 3 | Clear Channel Airport | $49,019 | $23.57 |
| 4 | Seneca Foods | $45,461 | $21.86 |
| 5 | Altec | $44,627 | $21.46 |
| 6 | Univest Financial Corporation | $43,161 | $20.75 |
| 7 | Cozen O'Connor | $43,130 | $20.74 |
| 8 | University of California-Berkeley | $42,828 | $20.59 |
| 9 | Cottage Health | $41,186 | $19.80 |
| 10 | New York Life Insurance | $41,146 | $19.78 |
| 11 | Oklahoma's Credit Union | $41,021 | $19.72 |
| 12 | iHeartMedia | $40,950 | $19.69 |
| 13 | JPMorgan Chase & Co. | $40,746 | $19.59 |
| 14 | NOV | $40,713 | $19.57 |
| 15 | Ent Credit Union | $39,773 | $19.12 |
| 16 | Masimo | $39,526 | $19.00 |
| 17 | Protect My Car | $39,217 | $18.85 |
| 18 | Discover | $39,187 | $18.84 |
| 19 | Western Flyer Xpress | $38,951 | $18.73 |
| 20 | UW Credit Union | $38,885 | $18.69 |
Wage gap by gender, race and education
Collections Specialist salary by industry
The average collections specialist salary varies across industries:
- The average collections specialist salary in the finance industry is $36,657, the highest of any industry.
- The average collections specialist salary in the finance industry is $35,484.
- Collections specialists in the professional industry earn an average salary of $33,834, the lowest of any industry.
Highest paying industries for collections specialists
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $36,657 | $17.62 |
| 2 | Retail | $35,484 | $17.06 |
| 3 | Health Care | $34,994 | $16.82 |
| 4 | Manufacturing | $34,760 | $16.71 |
| 5 | Professional | $33,834 | $16.27 |
High paying collections specialist jobs
Collections specialist salary trends
The average collections specialist salary has risen by $5,703 over the last ten years. In 2014, the average collections specialist earned $29,461 annually, but today, they earn $35,164 a year. That works out to a 8% change in pay for collections specialists over the last decade.
Compare collections specialist salaries for cities or states with the national average over time.
Average collections specialist salary over time
Compare collections specialist salaries for individual cities or states with the national average.
Collections specialist salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $35,200 | $16.91 | +2.9% |
| 2025 | $34,100 | $16.42 | +2.6% |
| 2024 | $33,200 | $15.98 | +1.9% |
| 2023 | $32,600 | $15.68 | -0.1% |
| 2022 | $32,600 | $15.69 | +2.6% |
Recently added collections specialist salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| CBE Companies | Government Collection Specialist .2025 CF | Cedar Falls, IA | 06/30/2025 | $35,625 |
| Wheels | B2B Collections Specialist | Alpharetta, GA | 06/30/2025 | $39,600 |
| Huntington | Commercial Collections Specialist | Minnetonka, MN | 06/29/2025 | $45,914 |
| Carringtonres | Hybrid Late Stage Collections Specialist, II | Anaheim, CA | 06/29/2025 | $44,871 |
| Alphasense | Collections Specialist | New York, NY | 06/29/2025 | $55,000 |
| Get It-Healthcare | Pharmacy Collections Specialist-Remote | WFH | Pittsburgh, PA | 06/29/2025 | $35,479 |
| American Coradius International LLC | Experienced Collections Specialist-Remote | Buffalo, NY | 06/29/2025 | $33,392 |
| American Coadius | Experienced Collections Specialist-Remote | Buffalo, NY | 06/29/2025 | $33,392 |
| Light & Wonder, Inc. | Collections Specialist | Las Vegas, NV | 06/29/2025 | $45,914 |
| Republic Services, Inc. | Collections Specialist | Livonia, MI | 06/28/2025 | $45,392 |
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