As of April 01, 2025, the average annual salary for a Collections Specialist, Experienced in the United States is $43,990. Salary.com reports that pay typically ranges from $40,490 to $48,190, with most professionals earning between $37,303 and $52,014.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $48,190 | $4,016 | $927 | $23 |
| Average | $43,990 | $3,666 | $846 | $21 |
| 25th Percentile | $40,490 | $3,374 | $779 | $19 |
An entry-level Collections Specialist, Experienced with less than 1 year of experience earns about $42,005. With 1-2 years of experience, the average salary increases to $42,266. For 2-4 years of experience, the pay typically rises to $44,429. Senior-level professionals with 5-8 years of experience earn around $47,250, and those with over 8 years of experience can expect an average of $47,438.
| Levels | Salary |
|---|---|
| Entry Level Collections Specialist, Experienced | $42,005 |
| Intermediate Level Collections Specialist, Experienced | $42,266 |
| Senior Level Collections Specialist, Experienced | $44,429 |
| Specialist Level Collections Specialist, Experienced | $47,250 |
| Expert Level Collections Specialist, Experienced | $47,438 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 1% |
| Top Level | 7% |
| Experienced | 8% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Collections Specialist, Experienced compensation over the past six years. For example, the median salary increased from $42,495 in 2023 to approximately $43,002 in 2024. (For a detailed analysis of Collections Specialist, Experienced salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Collections Specialist, Experienced information for you to search for. Click on search button below to see Collections Specialist, Experienced job openings or enter a new job title here.
Here are companies hiring for Collections Specialist, Experienced and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $43,990 | 66.4% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $3,365 | 5.1% | ||
| 401K/403B | $1,848 | 2.8% | ||
| Disability | $880 | 1.3% | ||
| Healthcare | $8,352 | 12.6% | ||
| Pension | $2,375 | 3.6% | ||
| Time Off | $5,414 | 8.2% | ||
| Total Compensation | $66,224 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 5.9% |
| High School | 33.3% |
| Associates | 11.8% |
| Bachelors | 47.1% |
| Masters | 2.0% |
What Am I Worth?
The percentage you should pay a collection agency can vary based on your financial situation and the age of the debt. Typically, agencies may accept anywhere from 20% to 80% of the original amount owed. For context, the salary range for an experienced Collections Specialist is approximately $41,790 to $52,790, which may influence their negotiation strategies.
Collections Specialists in the US earn between $41,790 and $52,790 annually, with a median salary of $46,990. This translates to an hourly wage range of approximately $20.06 to $25.38, with a median hourly wage of about $22.56.
Top-paying roles for Collections Specialists, particularly those with experience, offer salaries ranging from approximately $41,790 to $52,790. Factors such as industry expertise and geographic location can influence these earnings, making experienced professionals in this field well-compensated for their skills and contributions.
An aspiring Collections Specialist typically does not need a formal degree beyond a high school diploma, but a background in finance is beneficial. Two to three years of experience in a collections agency is preferred. Proficiency in basic computer skills, especially Microsoft Office, is essential. Salaries for experienced specialists range from $41,790 to $52,790, with a midpoint of $46,990.
A Collections Specialist in the US earns between $41,790 and $52,790 annually, with a median salary of approximately $46,990. These figures reflect the typical salary range for experienced professionals in this role.
Collections Specialists typically earn between $41,790 and $52,790 annually, with a median salary of around $46,990. Salaries can vary by location, with cities like Santa Clara and Sunnyvale offering competitive pay, often exceeding $44,000 per year.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
