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Careers›Roles›Collections Analyst
Mid-Level

Collections Analyst

At a bank, lender, credit-card issuer, or large enterprise, you analyze collections data and portfolio performance — segmenting delinquent accounts, modeling recovery strategies, building dialer campaigns, and the analytical work that drives collection decisions.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
E
S
R
A
I
Conventionalorganizing, detail-oriented
Enterprisingleading, persuading
Based on Holland Code framework
Industries that often hire Collections Analysts
Administrative Services · 31%Financial Services · 22%Healthcare · 11%Professional Services · 8%Government · 4%Wholesale & Distribution · 4%
Job markets for Collections Analysts
Where Collections Analyst jobs concentrate · ~302 metro areas
Based on employment in related occupations
Mapped SOC categories:
Admin & Office
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Collections Analyst

This role lives at the intersection of finance, operations, and data — the analyst pulls portfolio data from collection systems (Latitude, FACS, in-house platforms), segments delinquent populations by risk and recoverability, and recommends strategies that field collectors then execute. Recovery rate improvement and portfolio aging trends are the operating measures.

Variance across employers is wide: at credit-card issuers the work runs on sophisticated segmentation models and risk-based pricing; at hospital systems or specialty lenders it tilts toward simpler analytics and more direct collaboration with floor collectors. Regulatory constraints shape what strategies are even available — TCPA dialer restrictions and state collection laws change the math.

What the work asks of you is analytical rigor combined with operational instincts — models that don't translate into actual call strategies don't add value. Analytics backgrounds (SQL, Python, R) plus collections industry knowledge anchor advancement. The trade-off is the desk-bound rhythm and the slow visibility of analytical work — recommendations adopted today take months to show up in recovery metrics.

What people in this role value
RelationshipsModerate
SupportModerate
AchievementLower
Working ConditionsLower
IndependenceLower
RecognitionLower
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns

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Career Paths

Where this role sits in the broader career landscape — and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Energy & Utilities$84K+67%
Professional Services$83K+64%
Technology & Information$79K+58%
Financial Services$77K+53%
Government$69K+37%
Compared to Admin & Office average across all industries
1 BLS OEWS May 2024 covers all Collections Analysts (SOC 43-3011.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Admin & Office →
Collections AnalystCollections SpecialistAccount RepresentativeCollection ClerkBilling RepresentativeData CollectorPatient Account RepresentativeCredit SpecialistCredit CoordinatorCredit and Collections AnalystField CollectorDunnerRepossessorBill CollectorDebt CollectorRent CollectorCar RepossessorClaims CollectorCollection AgentCollections AgentCollections ClerkInstallment AgentMedical CollectorPayment CollectorAccounts Collector+1 more

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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$34K–$66K
Salary Range
10th – 90th percentile
165K
U.S. Employment
-10.5%
10yr Growth
14K
Annual Openings

How Collections Analyst pay & employment are changing

$64K$61K$59K$56K$53K201920202021202220232024$53K$64K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

Active ListeningSpeakingPersuasionSocial PerceptivenessWritingCritical ThinkingReading ComprehensionNegotiationTime ManagementMonitoring
O*NET OnLine · Bureau of Labor Statistics
Mapped SOC Codes
43-3011.00

Explore related roles

Roles with similar work and overlapping career paths

seniorSenior Collections Analyst$46KmidCollections Specialist$60KmidAccount Representative$51KmidCollection Clerk$48KmidBilling Representative$47KmidData Collector$48K
View all Admin & Office roles →

Common questions about what it's like to be a Collections Analyst

What does a Collections Analyst do?

At a bank, lender, credit-card issuer, or large enterprise, you analyze collections data and portfolio performance — segmenting delinquent accounts, modeling recovery strategies, building dialer campaigns, and the analytical work that drives collection decisions.

How much does a Collections Analyst make?

Median pay for a Collections Analyst is about $46K nationally, with the field ranging roughly from $34K to $66K depending on experience, employer, and metro (BLS).

What skills does a Collections Analyst need?

Core skills for this role include Active Listening, Speaking, Persuasion, Social Perceptiveness, and Writing.

What education do you need to be a Collections Analyst?

Most people in this role hold a high school diploma.

Is a Collections Analyst in demand?

Employment in this field is projected to decline about 10.5% through 2034, with roughly 165,020 people working in it today (BLS).

What jobs are similar to a Collections Analyst?

Closely related roles include Senior Collections Analyst, Collections Specialist, and Account Representative.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.

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