Collections Specialist Salary in 2026
Contact debtors to arrange payment of overdue accounts and negotiate settlements.
Median Salary
$42,000
$3,500/mo
Entry Level
$32,000
starting pay
Senior Level
$55,000
experienced
Job Growth
+1%
10-yr outlook
Collections Specialist Overview
Contact debtors to arrange payment of overdue accounts and negotiate settlements.
Education
High School/Associate's
Experience
0-1 years
Industry
Finance
Total Jobs (US)
320K
5-Year Growth
+6%
Category
Finance
Hourly Rate
$20.19/hr
Monthly Pay
$3,500
Collections Specialist Salary Calculator
Adjust your state and experience level to see the estimated Collections Specialist salary in your area.
Mid Career (5-9 yrs)
Estimated Collections Specialist Salary
$47,000
$3,917/month · $1,808/biweekly · $22.60/hr
Collections Specialist Salary Range
Salary distribution from entry-level to top earners in the Collections Specialist field.
Entry-level Collections Specialists earn around $32,000, while the top 10% earn $60,000 or more.
Top Paying States for Collections Specialists
| State | Est. Median Salary | vs National |
|---|---|---|
| California | $50,000 | +$8,000 |
| New York | $48,000 | +$6,000 |
| Illinois | $44,000 | +$2,000 |
| Texas | $41,000 | $-1,000 |
| Florida | $41,000 | $-1,000 |
Top Paying Cities for Collections Specialists
| City | Est. Median Salary | vs National |
|---|---|---|
| New York | $50,000 | +$8,000 |
| Los Angeles | $47,000 | +$5,000 |
| Chicago | $44,000 | +$2,000 |
| Miami | $43,000 | +$1,000 |
| Houston | $42,000 | $0 |
Required Skills & Certifications
Key Skills
Certifications
Collections Specialist Career Progression
Typical salary growth path for a Collections Specialist from entry level to expert.
$32,000
0-2 years
$44,000
3-7 years
$55,000
8-14 years
$65,000
15+ years
Related Finance Jobs
Collections Specialist Salary FAQ
Explore More Job Salaries
Compare salary data for hundreds of jobs across all industries. Find out what you should be earning.