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Collection & Credit Manager Salary in Petal, MS
How much does a Collection & Credit Manager make in Petal, MS?
$107,875 (USD)/year
Average Bonus
$8,037 (USD)
per Year
Total Compensation
$114,479.69
Entry Level
$75,504
Median
$106,443
Senior Level
$122,678
As of July, 23, 2026, the average collection & credit manager gross salary in Petal, Mississippi is $107,875 or an equivalent hourly rate of $52. In addition, collection & credit managers earn an average bonus of $8,037. An entry level collection & credit manager with 1-3 years of experience earns an average salary of $75,504. At the higher end of the pay range, a senior level collection & credit manager with 8+ years of experience earns an average salary of $122,678. Salary estimates are based on salary survey data collected directly from employers in Petal, Mississippi.
Data powered by ERI
Salary Potential for a Collection & Credit Manager
Explore the estimated salary growth for a Collection & Credit Manager in Petal, MS for up to 5 years. The estimated salary of a Collection & Credit Manager will be $110,831 in 1 year and $123,489 in 5 years.
View Salary by Year
Estimated Salary
$113,868
Average Growth
5.6 %
The estimated salary for a Collection & Credit Manager in 2 years is $113,868, which is 5.6 % average growth. This information is based on ERI's compensation database.
Typical Collection & Credit Manager Education
This chart displays the highest level of education for Collection & Credit Managers.
- 0% of Collection & Credit Managers have less than a High School Diploma
- 24% of Collection & Credit Managers have a High School Diploma
- 16% of Collection & Credit Managers have an Associate's Degree
- 42% of Collection & Credit Managers have a Bachelor's Degree
- 18% of Collection & Credit Managers have a Master's Degree
- 0% of Collection & Credit Managers have a Doctorate Degree
The typical field of study for a Collection & Credit Manager is Banking and Financial Support Services.
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View moreCost of Living in Petal, MS
The cost of living in Petal, MS is 18% lower than the national average.
18% lower
than the national average
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Frequently Asked Questions
What does a Collection & Credit Manager do?
Manages and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers. Assigns workers, directly or through subordinate supervisors, responsibility for investigating and verifying financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and recommending rejection or approval of applications. Determines responsibility for investigation of fraud cases and possible legal action and collection for worthless checks and delinquent bills.
How much does a Collection & Credit Manager make in Petal, MS?
The average salary for a Collection & Credit Manager is $107,875 per year or $51.86 per hour in Petal, MS. Top earners have reported making up to $122,678. However, the typical pay range in Petal, MS is between $75,504 and $122,678 annually.
What is the salary trajectory for a Collection & Credit Manager?
Collection & Credit Manager is projected to see a 14.5 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer?
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career.
What are some factors that impact Collection & Credit Manager salaries?
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.
About Our Data
This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.
ERI compiles the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.
Verified Sources
Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.
Real-Time Data
Our salary database is updated and verified approximately every six weeks.
Quality Assurance
Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.
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