How to Become a Collections Manager?

Are you thinking of becoming a Collections Manager or already started your career and planning the next step? Learn how to become a Collections Manager, what skills you need to succeed, how to advance your career and get promoted, and what levels of pay to expect at each step on your career path. Explore new Collections Manager job openings and options for career transitions into related roles.
"Collector" was the nearest match for you query "Collections Manager".

Steps to Become a Collector

If you're considering starting your Collector career path, it's important to note the skills, qualifications, and time it takes to become a professional Collector and how to advance your career path. Below are the steps generally required to begin and advance your Collector career.

Earn a Degree

To begin your Collector career path, a Bachelor's Degree in Business or a related field is usually necessary in order to remain a competitive option for employers. Focus on industry-specific skill development during your education in order to be properly equipped when applying for entry-level positions and entering the job force. A Collector internship may be required to earn your Bachelor's Degree and acquire necessary on-the-job skills before entering the workforce.

Choose a Specialty in Your Field

As an Collector, you may be required to choose a specialty within your field. Determine which part of the Collector field you feel strongest in, and continue taking active steps toward growing in your chosen Collector specialty.

Get an Entry-Level Position as a Collector

Once you've acquired a Bachelor's Degree in Business or a related field, you'll typically begin your career as an entry-level Collector. In general, you can become a Collector after completing your 4 year Bachelor's Degree in a related discipline. Depending on the type of Collector role you’re pursuing, you may want to explore certification in certified medical assistant.

Advance in Your Collector Career

Following entry-level, there are several Collector career path levels to advance into. It can take 2 years as an entry-level Collector to progress to the next seniority level position. Each advanced Collector position requires approximately 8 years of experience at each level to advance in your Collector career path. It may be necessary to receive additional education, an advanced degree such as a Master's Degree in a related field, or special certifications in order to advance your Collector career path.

Continued Education for Your Collector Career Path

Not all industries and companies require continued education to advance your Collector career path. However, earning this degree may help you advance to higher-earning positions more quickly. Earning a Graduate Degree in Business can take 4 years to complete. People that have earned their Graduate Degree typically make $47,417 compared to $26,265 for those without that type of degree.

We don't have enough career path data for Collections Manager jobs. Below are job titles that share similar skill sets.

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Related Careers in the Finance & Accounting Industry

Interested in other Finance & Accounting careers? Below are occupations that have high affinity with Collections Manager skills. Discover some of the most common Collections Manager career transitions, along with skills overlap.

Patient Account Representative
0% skills overlap
6% transitioned to Patient Account Representative