Average Credit and Collection Manager Salary in Jersey for 2024

In this article, we will look at the average Credit and Collection Manager salary for 2024 in Jersey and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the British pound. To keep things simple, we are using the GBP currency code instead of the currency symbol £.

How Much Does a Credit and Collection Manager Make in Jersey?

A Credit and Collection Manager working in Jersey will typically earn around 92,400 GBP per year, and this can range from the lowest average salary of about 43,480 GBP to the highest average salary of 146,200 GBP.

Average Annual Salary
92,400 GBP
Average Monthly Salary
7,700 GBP

Lowest Annual Salary
43,480 GBP
Lowest Monthly Salary
3,623 GBP

Highest Annual Salary
146,200 GBP
Highest Monthly Salary
12,183 GBP

These are average salaries for a Credit and Collection Manager in Jersey and include benefits such as housing and transport. It's also possible for a Credit and Collection Manager to earn more or less than the average salaries shown above.

Credit and Collection Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Credit and Collection Manager Salaries in Jersey

So we've looked at the average salaries a Credit and Collection Manager will earn in Jersey. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Credit and Collection Manager can earn between 43,480 GBP and 146,200 GBP on average in Jersey. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Credit and Collection Manager in Jersey is 97,300 GBP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 97,300 GBP, and 50% of the population earn more than 97,300 GBP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Credit and Collection Manager salary in Jersey, 25% of the population are earning less than 63,320 GBP while 75% of the population earn more than 63,320 GBP.

75% of the population earn less than 130,400 GBP, and 25% of the population earn more than 130,400 GBP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Credit and Collection Manager Salary by Experience Level in Jersey

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average credit and collection manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Credit and Collection Manager in Jersey that has less than two years of experience can expect to earn somewhere in the region of 46,040 GBP.
  • 2 - 5 Years Experience. With two to five years of experience the average Credit and Collection Manager salary would increase to 64,300 GBP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Credit and Collection Manager, the average salary would be 95,760 GBP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 115,080 GBP.
  • 15 - 20 Years Experience. A Credit and Collection Manager with 15 to 20 years of experience can earn an average of 124,400 GBP.
  • 20+ Years Experience. For a Credit and Collection Manager with more than 20 years, the expected average salary increases to 136,200 GBP.

Average Salary by Experience Chart

0-2 Years
46,040 GBP
2-5 Years +34%
64,300 GBP
5-10 Years +48%
95,760 GBP
10-15 Years +22%
115,080 GBP
15-20 Years +9%
124,400 GBP
20+ Years +8%
136,200 GBP

Credit and Collection Manager Salary by Education Level in Jersey

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Credit and Collection Manager in Jersey based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Credit and Collection Manager in Jersey with a certificate or diploma education can earn an average salary of 55,140 GBP.

  • Bachelor's Degree. A Credit and Collection Manager in Jersey with a bachelor's degree education can earn an average salary of 84,800 GBP.

  • Master's Degree. A Credit and Collection Manager in Jersey with a master's degree education can earn an average salary of 143,200 GBP.

Average Salary by Education Chart

Certificate or Diploma
55,140 GBP
Bachelor's Degree +57%
84,800 GBP
Master's Degree +68%
143,200 GBP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Jersey is around 25,800 to 77,300 GBP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Credit and Collection Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Jersey, a male credit and collection manager will earn an average of 101,020 GBP, while a female credit and collection manager will earn around 83,760 GBP.

This means that a male credit and collection manager earns approximately 21% more than a female credit and collection manager for performing the same job.

Average Salary by Gender Chart in Jersey

Male
101,020 GBP
Female -21%
83,760 GBP

Credit and Collection Manager Average Pay Raise in Jersey

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Credit and Collection Manager in Jersey is around 9% every 28 months.

The national average pay raise across all professions and industries in Jersey is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Credit and Collection Manager in Jersey can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Jersey for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Jersey.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Credit and Collection Manager Bonus and Incentive Rates in Jersey

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Credit and Collection Manager is a moderate bonus based job, with 67% of employees reporting at least one bonus in the last 12 months.

33% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
67%
No Bonus
33%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Jersey earn approximately 19% more than private sector employees in the same role.

Public Sector
66,840 GBP
Private Sector -19%
56,060 GBP

Salaries for Jobs Similar to a Credit and Collection Manager

In the table below, we have salary information for jobs that are similar to a Credit and Collection Manager in Jersey.

Job Title Category Salary
Account Examiner Accounting and Finance 34,540 GBP
Account Executive Accounting and Finance 56,460 GBP
Accountant Accounting and Finance 45,620 GBP
Accounting Analyst Accounting and Finance 55,840 GBP
Accounting Assistant Accounting and Finance 35,000 GBP
Accounting Associate Accounting and Finance 32,620 GBP
Accounting Clerk Accounting and Finance 26,660 GBP
Accounting Coordinator Accounting and Finance 41,660 GBP
Accounting Head Accounting and Finance 90,980 GBP
Accounting Manager Accounting and Finance 90,620 GBP
Accounting Officer Accounting and Finance 34,480 GBP
Accounting Specialist Accounting and Finance 62,460 GBP
Accounting Supervisor Accounting and Finance 60,020 GBP
Accounting Technician Accounting and Finance 34,080 GBP
Accounting Unit Controller Accounting and Finance 78,420 GBP
Accounts Executive Accounting and Finance 59,380 GBP
Accounts Officer Accounting and Finance 36,800 GBP
Accounts Payable and Receivable Specialist Accounting and Finance 47,760 GBP
Accounts Payable Assistant Accounting and Finance 37,200 GBP
Accounts Payable Associate Accounting and Finance 38,340 GBP
Accounts Payable Clerk Accounting and Finance 30,700 GBP
Accounts Payable Manager Accounting and Finance 85,700 GBP
Accounts Receivable Administrator Accounting and Finance 65,940 GBP
Accounts Receivable Clerk Accounting and Finance 32,900 GBP
Accounts Receivable Financial Analyst Accounting and Finance 63,380 GBP
Accounts Receivable Manager Accounting and Finance 85,700 GBP
Accounts Receivable Team Leader Accounting and Finance 65,940 GBP
Assistant Accountant Accounting and Finance 32,420 GBP
Assistant Accounting Manager Accounting and Finance 84,780 GBP
Assistant Auditor Accounting and Finance 45,620 GBP
Assistant Corporate Controller Accounting and Finance 62,060 GBP
Assistant Finance Manager Accounting and Finance 96,520 GBP
Assistant Financial Controller Accounting and Finance 60,880 GBP
Audit Director Accounting and Finance 106,160 GBP
Audit Supervisor Accounting and Finance 84,180 GBP
Auditing Clerk Accounting and Finance 36,800 GBP
Auditing Manager Accounting and Finance 91,380 GBP
Billing Clerk Accounting and Finance 35,560 GBP
Billing Coordinator Accounting and Finance 42,320 GBP
Billing Specialist Accounting and Finance 49,560 GBP
Billing Supervisor Accounting and Finance 68,360 GBP
Bookkeeper Accounting and Finance 31,540 GBP
Bookkeeping Specialist Accounting and Finance 43,520 GBP
Budget Analyst Accounting and Finance 79,280 GBP
Budget Manager Accounting and Finance 92,680 GBP
Business Support Analyst Accounting and Finance 51,400 GBP
Capital Markets Associate Accounting and Finance 72,780 GBP
Cash Flow Analyst Accounting and Finance 70,260 GBP
Cash Management Manager Accounting and Finance 89,960 GBP
Cash Management Officer Accounting and Finance 54,140 GBP
Cashbook Clerk Accounting and Finance 33,120 GBP
Chartered Accountant Accounting and Finance 61,400 GBP
Chief Accountant Accounting and Finance 64,180 GBP
Collections Clerk Accounting and Finance 28,180 GBP
Collections Representative Accounting and Finance 39,960 GBP
Collections Specialist Accounting and Finance 46,840 GBP
Corporate Controller Accounting and Finance 73,760 GBP
Corporate Treasurer Accounting and Finance 83,640 GBP
Cost Accountant Accounting and Finance 45,580 GBP
Cost Accounting Manager Accounting and Finance 88,020 GBP
Cost Accounting Supervisor Accounting and Finance 70,840 GBP
Cost Analyst Accounting and Finance 70,880 GBP
Credit and Collection Staff Accounting and Finance 35,560 GBP
Credit and Loans Officer Accounting and Finance 31,980 GBP
Credit Controller Accounting and Finance 57,820 GBP
Credit Manager Accounting and Finance 94,400 GBP
Debt Adviser Accounting and Finance 75,260 GBP
Debt Collector Accounting and Finance 36,020 GBP
Debtors Clerk Accounting and Finance 33,120 GBP
Debtors Controller Accounting and Finance 34,480 GBP
Deputy CFO Accounting and Finance 125,700 GBP
Deputy Head of Finance Accounting and Finance 128,500 GBP
Derivative Trader Accounting and Finance 73,820 GBP
Director of Finance Accounting and Finance 128,500 GBP
Economist Accounting and Finance 111,460 GBP
Equity Analyst Accounting and Finance 78,160 GBP
Escrow Assistant Accounting and Finance 42,460 GBP
Executive Accountant Accounting and Finance 49,300 GBP
External Auditor Accounting and Finance 60,840 GBP
Finance Administrator Accounting and Finance 52,380 GBP
Finance Analyst Accounting and Finance 78,400 GBP
Finance Associate Accounting and Finance 38,700 GBP
Finance Director Accounting and Finance 136,200 GBP
Finance Executive Accounting and Finance 92,720 GBP
Finance Licensing Clerk Accounting and Finance 32,960 GBP
Finance Licensing Manager Accounting and Finance 86,520 GBP
Finance Licensing Specialist Accounting and Finance 50,580 GBP
Finance Manager Accounting and Finance 128,500 GBP
Finance Officer Accounting and Finance 43,260 GBP
Finance President Accounting and Finance 139,100 GBP
Finance Relationship Manager Accounting and Finance 104,900 GBP
Finance Release Analyst Accounting and Finance 52,180 GBP
Finance Specialist Accounting and Finance 78,960 GBP
Finance Team Leader Accounting and Finance 103,200 GBP
Financial Accountant Accounting and Finance 45,620 GBP
Financial Actuary Accounting and Finance 65,080 GBP
Financial Administrator Accounting and Finance 74,300 GBP
Financial Advisor Accounting and Finance 84,800 GBP
Financial Analyst Accounting and Finance 79,280 GBP
Financial Applications Specialist Accounting and Finance 59,240 GBP
Financial Assistant Accounting and Finance 39,160 GBP
Financial Associate Accounting and Finance 37,740 GBP
Financial Associate Accounting and Finance 46,840 GBP
Financial Claims Analyst Accounting and Finance 57,360 GBP
Financial Claims Manager Accounting and Finance 76,280 GBP
Financial Claims Supervisor Accounting and Finance 73,260 GBP
Financial Clerk Accounting and Finance 37,200 GBP
Financial Commercial Analyst Accounting and Finance 69,240 GBP
Financial Compliance Analyst Accounting and Finance 75,220 GBP
Financial Consultant Accounting and Finance 63,500 GBP
Financial Controller Accounting and Finance 75,260 GBP
Financial Controller Accounting and Finance 75,500 GBP
Financial Coordinator Accounting and Finance 38,620 GBP
Financial Customer Service Manager Accounting and Finance 83,060 GBP
Financial Dealer and Broker Accounting and Finance 52,540 GBP
Financial Director Accounting and Finance 136,100 GBP
Financial Encoder Accounting and Finance 39,080 GBP
Financial Manager Accounting and Finance 119,700 GBP
Financial Manager Accounting and Finance 125,700 GBP
Financial Operations Manager Accounting and Finance 115,080 GBP
Financial Policy Analyst Accounting and Finance 71,280 GBP
Financial Project Manager Accounting and Finance 93,660 GBP
Financial Quantitative Analyst Accounting and Finance 80,800 GBP
Financial Reporting Consultant Accounting and Finance 64,300 GBP
Financial Reporting Manager Accounting and Finance 90,900 GBP
Financial Section Head Accounting and Finance 83,760 GBP
Financial Services Manager Accounting and Finance 117,660 GBP
Financial Services Sales Agent Accounting and Finance 45,600 GBP
Fixed Assets Administrator Accounting and Finance 48,200 GBP
Forensic Accountant Accounting and Finance 52,380 GBP
Fraud Detection Supervisor Accounting and Finance 56,460 GBP
Fraud Prevention Manager Accounting and Finance 94,940 GBP
Fund Accountant Accounting and Finance 46,840 GBP
Grants Coordinator Accounting and Finance 32,960 GBP
Group Financial Manager Accounting and Finance 130,400 GBP
Internal Auditor Accounting and Finance 57,860 GBP
Internal Control Adviser Accounting and Finance 71,400 GBP
Internal Control Officer Accounting and Finance 41,900 GBP
International Tax Director Accounting and Finance 106,500 GBP
Inventory Accountant Accounting and Finance 48,200 GBP
Investment Advisor Accounting and Finance 116,540 GBP
Investment Analyst Accounting and Finance 86,520 GBP
Investment Associate Accounting and Finance 72,260 GBP
Investment Broker Accounting and Finance 74,060 GBP
Investment Fund Manager Accounting and Finance 98,000 GBP
Investment Operations Manager Accounting and Finance 99,340 GBP
Investment Underwriter Accounting and Finance 39,160 GBP
Investor Accounting and Finance 60,160 GBP
Investor Relations Manager Accounting and Finance 86,740 GBP
KYC Team Leader Accounting and Finance 91,580 GBP
Loan Processor Accounting and Finance 36,580 GBP
Management Accountant Accounting and Finance 50,180 GBP
Management Economist Accounting and Finance 101,920 GBP
Paymaster Accounting and Finance 37,380 GBP
Payroll Administrator Accounting and Finance 58,720 GBP
Payroll Benefits Coordinator Accounting and Finance 47,580 GBP
Payroll Billing Manager Accounting and Finance 79,000 GBP
Payroll Clerk Accounting and Finance 41,980 GBP
Payroll Manager Accounting and Finance 85,020 GBP
Payroll Officer Accounting and Finance 38,680 GBP
Payroll Specialist Accounting and Finance 45,000 GBP
Payroll Supervisor Accounting and Finance 57,820 GBP
Pensions Administrator Accounting and Finance 43,800 GBP
Personal Financial Advisor Accounting and Finance 67,360 GBP
Pricing Analyst Accounting and Finance 75,100 GBP
Private Equity Analyst Accounting and Finance 80,580 GBP
Project Accountant Accounting and Finance 50,240 GBP
Proposal Development Coordinator Accounting and Finance 38,680 GBP
Receivables Accountant Accounting and Finance 42,460 GBP
Regulatory Accountant Accounting and Finance 45,260 GBP
Retirement Plan Analyst Accounting and Finance 73,760 GBP
Revenue Management Specialist Accounting and Finance 79,360 GBP
Revenue Recognition Analyst Accounting and Finance 85,020 GBP
Risk Management Director Accounting and Finance 102,960 GBP
Risk Management Supervisor Accounting and Finance 85,700 GBP
Staff Accountant Accounting and Finance 42,320 GBP
Tax Accountant Accounting and Finance 42,320 GBP
Tax Administrator Accounting and Finance 50,340 GBP
Tax Advisor Accounting and Finance 70,600 GBP
Tax Analyst Accounting and Finance 66,940 GBP
Tax Associate Accounting and Finance 38,060 GBP
Tax Consultant Accounting and Finance 68,400 GBP
Tax Director Accounting and Finance 100,140 GBP
Tax Examiner Accounting and Finance 48,640 GBP
Tax Manager Accounting and Finance 91,380 GBP
Tax Research Manager Accounting and Finance 92,400 GBP
Teller Accounting and Finance 26,780 GBP
Treasury Accountant Accounting and Finance 45,260 GBP
Treasury Analyst Accounting and Finance 73,760 GBP
Underwriter Accounting and Finance 32,620 GBP
Underwriting Assistant Accounting and Finance 28,860 GBP
Vice President of Finance Accounting and Finance 125,700 GBP

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