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Credit and collection manager salary
Average credit and collection manager salary
$71,775
Average Credit and Collection Manager Salary
The average salary for a Credit and Collection Manager is approximately $71,775 annually, translating to about $35 per hour. Salary can significantly vary based on factors such as geographic location, years of experience, and the specific industry in which one works.
Salary by Experience Level
Entry-level positions typically start lower, while those with significant experience can earn upwards of $90,000 per year. This position often requires a solid understanding of credit policies and financial regulations, which can impact earning potential.
Highest Paying States and Cities
States such as California and New York offer the highest salaries for this role, with cities like San Francisco and New York City leading in compensation. Understanding the market dynamics in different regions can help professionals make informed career decisions and negotiate better salaries.
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Where can a Credit And Collection Manager earn more?
Credit and collection manager salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level credit and collection manager | $49,300 | $23.73 |
| Mid-level credit and collection manager | $76,400 | $36.72 |
| Senior-level credit and collection manager | $117,000 | $56.44 |
Average credit and collection manager salary by state
The average credit and collection manager salary in California, Washington, and Alaska are the highest in the U.S. The lowest average credit and collection manager salary states are Florida, Arkansas, and Maine.
- State view
- County view
Highest paying states for credit and collection managers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $100,479 | $48.31 |
| 2 | Nevada | $84,559 | $40.65 |
| 3 | Washington | $91,464 | $43.97 |
| 4 | Alaska | $87,077 | $41.86 |
| 5 | Oregon | $84,688 | $40.72 |
| 6 | Arizona | $77,396 | $37.21 |
| 7 | Delaware | $75,178 | $36.14 |
| 8 | Idaho | $79,548 | $38.24 |
| 9 | New York | $82,541 | $39.68 |
| 10 | Connecticut | $75,604 | $36.35 |
| 11 | Pennsylvania | $74,814 | $35.97 |
| 12 | New Jersey | $78,509 | $37.74 |
| 13 | Michigan | $72,715 | $34.96 |
| 14 | Rhode Island | $73,359 | $35.27 |
| 15 | Massachusetts | $75,668 | $36.38 |
| 16 | Ohio | $71,118 | $34.19 |
| 17 | South Dakota | $70,843 | $34.06 |
| 18 | Texas | $68,104 | $32.74 |
| 19 | New Mexico | $69,100 | $33.22 |
| 20 | Indiana | $67,689 | $32.54 |
| 21 | West Virginia | $66,664 | $32.05 |
| 22 | Hawaii | $79,313 | $38.13 |
| 23 | Maryland | $74,005 | $35.58 |
| 24 | North Carolina | $67,703 | $32.55 |
| 25 | Kentucky | $65,092 | $31.29 |
| 26 | New Hampshire | $68,024 | $32.70 |
| 27 | District of Columbia | $73,954 | $35.55 |
| 28 | Virginia | $71,180 | $34.22 |
| 29 | Montana | $65,583 | $31.53 |
| 30 | Wisconsin | $66,398 | $31.92 |
| 31 | Vermont | $67,534 | $32.47 |
| 32 | Illinois | $68,013 | $32.70 |
| 33 | Utah | $66,091 | $31.77 |
| 34 | Tennessee | $63,528 | $30.54 |
| 35 | North Dakota | $63,715 | $30.63 |
| 36 | Minnesota | $65,453 | $31.47 |
| 37 | Missouri | $63,956 | $30.75 |
| 38 | South Carolina | $63,858 | $30.70 |
| 39 | Oklahoma | $62,416 | $30.01 |
| 40 | Wyoming | $62,070 | $29.84 |
| 41 | Louisiana | $63,212 | $30.39 |
| 42 | Kansas | $62,209 | $29.91 |
| 43 | Alabama | $60,631 | $29.15 |
| 44 | Arkansas | $59,064 | $28.40 |
| 45 | Colorado | $62,680 | $30.13 |
| 46 | Georgia | $60,009 | $28.85 |
| 47 | Nebraska | $58,824 | $28.28 |
| 48 | Iowa | $57,591 | $27.69 |
| 49 | Maine | $59,052 | $28.39 |
| 50 | Florida | $59,227 | $28.47 |
| 51 | Mississippi | $57,340 | $27.57 |
Highest paying cities for credit and collection managers
The highest-paying cities for credit and collection managers are San Francisco, CA, Bridgewater, NJ, and Newark, DE.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $113,757 | $54.69 |
| 2 | Bridgewater, NJ | $78,557 | $37.77 |
| 3 | Newark, DE | $75,252 | $36.18 |
| 4 | Windsor, CT | $75,102 | $36.11 |
| 5 | Wakefield, MA | $74,930 | $36.02 |
| 6 | Cleveland, OH | $73,196 | $35.19 |
| 7 | Pittsburgh, PA | $72,508 | $34.86 |
| 8 | Ann Arbor, MI | $72,447 | $34.83 |
| 9 | San Antonio, TX | $69,175 | $33.26 |
| 10 | Glenview, IL | $68,397 | $32.88 |
| 11 | Manchester, NH | $67,996 | $32.69 |
| 12 | Bristol, TN | $67,569 | $32.49 |
| 13 | Indianapolis, IN | $67,459 | $32.43 |
| 14 | Milwaukee, WI | $66,623 | $32.03 |
| 15 | Huntersville, NC | $66,089 | $31.77 |
| 16 | Rock Hill, SC | $65,261 | $31.38 |
| 17 | Saint Louis, MO | $64,663 | $31.09 |
| 18 | Baton Rouge, LA | $63,437 | $30.50 |
| 19 | Denver, CO | $62,584 | $30.09 |
| 20 | Evans, GA | $61,032 | $29.34 |
Credit and collection manager salary details
A credit and collection manager's salary ranges from $47,000 a year at the 10th percentile to $109,000 at the 90th percentile.
What is a credit and collection manager's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $109,000 | $9,083 | $52 |
| 75th Percentile | $89,000 | $7,417 | $43 |
| Average | $71,775 | $5,981 | $35 |
| 25th Percentile | $57,000 | $4,750 | $27 |
| 10th Percentile | $47,000 | $3,917 | $23 |
Highest paying credit and collection manager jobs
The highest paying types of credit and collection managers are banking center manager, audit manager, and risk manager.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Manager/Finance Accounting | $91,315 | $7,610 | $43.90 | 132,824 |
| Tax Manager | $96,100 | $8,008 | $46.20 | 79,204 |
| Finance Manager | $101,374 | $8,448 | $48.74 | 125,345 |
| Accounts Receivable Manager | $69,403 | $5,784 | $33.37 | 53,859 |
| Cash Manager | $93,363 | $7,780 | $44.89 | 60,517 |
| Risk Manager | $116,072 | $9,673 | $55.80 | 75,795 |
Top companies hiring credit and collection managers now:
Which companies pay credit and collection managers the most?
Credit and collection manager salaries at Colfax Corporation and Stewart & Stevenson are the highest-paying according to our most recent salary estimates. In addition, the average credit and collection manager salary at companies like Bausch + Lomb and Equinix are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Colfax Corporation | $106,603 | $51.25 |
| 2 | Stewart & Stevenson | $100,593 | $48.36 |
| 3 | Bausch + Lomb | $97,595 | $46.92 |
| 4 | Equinix | $94,561 | $45.46 |
| 5 | Elo TouchSystems | $94,335 | $45.35 |
| 6 | Oracle | $87,371 | $42.01 |
| 7 | TeleTracking | $82,749 | $39.78 |
| 8 | Atlas Copco Drilling Solutions LLC | $82,667 | $39.74 |
| 9 | Thermo Fisher Scientific | $81,202 | $39.04 |
| 10 | Eversource Energy | $80,077 | $38.50 |
| 11 | Bank of America | $75,028 | $36.07 |
| 12 | Kansas City Southern | $73,607 | $35.39 |
| 13 | Randstad North America, Inc. | $70,803 | $34.04 |
| 14 | Yokohama Off-Highway Tires America | $69,751 | $33.53 |
| 15 | Sodexo Management, Inc. | $68,276 | $32.83 |
| 16 | Kelly Services | $68,104 | $32.74 |
| 17 | Truck Centers | $67,334 | $32.37 |
| 18 | SunSource | $67,209 | $32.31 |
| 19 | Club Car | $66,305 | $31.88 |
| 20 | CKS Packaging | $66,177 | $31.82 |
Wage gap by gender, race and education
Credit And Collection Manager salary by industry
The average credit and collection manager salary varies across industries:
- The average credit and collection manager salary in the technology industry is $77,448, the highest of any industry.
- The average credit and collection manager salary in the finance industry is $73,634.
- Credit and collection managers in the retail industry earn an average salary of $61,496, the lowest of any industry.
Highest paying industries for credit and collection managers
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Technology | $77,448 | $37.23 |
| 2 | Finance | $73,634 | $35.40 |
| 3 | Hospitality | $71,477 | $34.36 |
| 4 | Media | $71,207 | $34.23 |
| 5 | Construction | $70,033 | $33.67 |
| 6 | Manufacturing | $68,486 | $32.93 |
| 7 | Retail | $61,496 | $29.57 |
High paying credit and collection manager jobs
Credit and collection manager salary trends
The average credit and collection manager salary has risen by $14,453 over the last ten years. In 2014, the average credit and collection manager earned $57,322 annually, but today, they earn $71,775 a year. That works out to a 10% change in pay for credit and collection managers over the last decade.
Compare credit and collection manager salaries for cities or states with the national average over time.
Average credit and collection manager salary over time
Compare credit and collection manager salaries for individual cities or states with the national average.
Credit and collection manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $71,800 | $34.51 | +3.2% |
| 2025 | $69,500 | $33.40 | +1.5% |
| 2024 | $68,500 | $32.92 | +2.3% |
| 2023 | $66,900 | $32.17 | +2.7% |
| 2022 | $65,100 | $31.31 | +3.1% |
Recently added credit and collection manager salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Astrodyne TDI | Credit & Collections Manager | Hackettstown, NJ | 06/29/2025 | $85,000 |
| Corporate Traveler | Flight Centre-Regional Credit & Collections Manager | Ontario, CA | 06/29/2025 | $100,000 |
| Confident Staffing | Credit & Collections Manager-Food Distribution | Chicago, IL | 06/28/2025 | $70,000 |
| Lewis Brisbois Bisgaard & Smith | Credit & Collections Manager | New York, NY | 06/14/2025 | $105,000 |
| Lewis Brisbois Bisgaard & Smith | Credit & Collections Manager | Los Angeles, CA | 06/14/2025 | $105,000 |
| Sterling Engineering, Inc. | Credit & Collections Manager | Chicago, IL | 06/13/2025 | $80,000 |
| Flight Centre Travel Group Limited | Flight Centre-Regional Credit & Collections Manager | Ontario, CA | 06/11/2025 | $100,000 |
| Ott Hydromet Corp | Credit and Collections Manager (M/F/D) | Sterling, VA | 05/22/2025 | $68,000 |
| Veralto Corp | Credit and Collections Manager (M/F/D) | Sterling, VA | 05/19/2025 | $68,000 |
| Robert Half | Senior Credit & Collections Manager | Everett, WA | 05/02/2025 | $90,000 |
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