Average Credit / Collections Manager Salary in Mumbai, Maharashtra

Annual Base Salary - ₹ 6,77,585.00/year

The average annual salary of Credit / Collections Manager is ₹ 6,77,585.00

₹ 1,28,100.00
Low
₹ 6,77,585.00
Average
₹ 10,60,000.00
High

The starting salary of Credit / Collections Manager is between ₹ 1,08,885.00 and ₹ 1,28,100.00 whereas the maximum salary range is between ₹ 10,60,000.00 and ₹ 12,19,000.00.

Minimum Annual Pay Maximum Annual Pay
₹ 1,08,885.00 ₹ 12,19,000.00
Bonus Range: Tooltip
₹ 10,400.00 - ₹ 2,56,880.00
₹ 10,400.00
₹ 12,19,000.00
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  • Currency : INR
  • Annual Salary : ₹ 6,77,585.00
  • Weekly Pay : ₹ 12,410.00
  • Fortnightly Salary : ₹ 24,820.00
  • Monthly Salary : ₹ 53,777.00

Credit / Collections Manager Salary Comparison by Gender

Female
Male

This pie chart demonstrates the gender share for Credit / Collections Manager. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.

As shown in the chart, male employees are involved significantly more as Credit / Collections Manager compared to female. Their involvement is 65% while of female is only 35%.

Salary Distribution Based on Years of Experience

The line graph shows Credit / Collections Manager salary in Mumbai, Maharashtra, India on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Credit / Collections Manager having experience between 1-4 years, their salary is around ₹ 2,92,572.00.

Once the experience reaches 5-9 years Credit / Collections Manager salary would increase again to a total of ₹ 5,40,972.33, adding ₹ 2,48,400.33 from the last salary increase.

After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of ₹ 7,58,445.08.

And finally, once the Credit / Collections Manager gains 20 years of experience or more, their salary would reach ₹ 7,52,500.00.

Prominent Skills Affecting Credit / Collections Manager Salary

The bar graph data indicates the importance of specific skills which can have a direct impact on Credit / Collections Manager's salary. It clearly highlights the skills needed for a post of Credit / Collections Manager when hired by an employer.

The most vital skill expected of Credit / Collections Manager is Accounts Receivable which impacts the most than the rest of the skills indicated with a staggering 8% comparatively. Therefore, one’s salary would greatly depend on their skills in Accounts Receivable.

The skill least likely to affect one’s pay would be Collection Development with 3%. It can be said that Collection Development skill will unlikely impact the salary.

Compensation Statistics Based on Experience Levels

This combination of a line and the bar graph shows how the experience affects the salary of Credit / Collections Manager. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is ₹ 2,84,586.00 whereas the highest earning is ₹ 7,52,119.00 which clearly shows the salary increases with the level of expertise.

Late Career person will earn the maximum salary of ₹ 7,52,119.00 at 11%. So to summerize, Early Career earns 58% less than the average salary, Mid Carrer earns 22% less than the average salary, Late Career earns 11% more than the average salary, Experienced earns 9% more than the average salary.

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