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The differences between senior 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 senior portfolio manager and a collections manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Senior Portfolio Manager | Collections Manager | |
| Yearly salary | $115,805 | $59,529 |
| Hourly rate | $55.68 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior portfolio manager is responsible for evaluating the financial portfolios of clients to identify the best investment decisions accordingly. Senior portfolio managers conduct data and statistical analysis of the financial market performance to measure the value of financial instruments and funds. They manage the buying and selling of financial securities based on the clients' specifications and requirements and regularly following the market movement to meet the clients' best interests. A senior portfolio manager must have excellent analytical and leadership skills, especially in coordinating with portfolio analysts, to determine the best courses to minimize the clients' financial loss and risks.
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.
Senior portfolio managers and collections managers have different pay scales, as shown below.
| Senior Portfolio Manager | Collections Manager | |
| Average salary | $115,805 | $59,529 |
| Salary range | Between $67,000 And $199,000 | Between $42,000 And $83,000 |
| Highest paying City | Albany, NY | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Legal & General Investment Management America | Amazon |
| Best paying industry | Technology | Health Care |
There are a few differences between a senior portfolio manager and a collections manager in terms of educational background:
| Senior Portfolio Manager | Collections Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 51% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior portfolio managers' and collections managers' demographics:
| Senior Portfolio Manager | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | 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% |