The Average Salary of an Accounts Receivable Manager

The accounts receivable department of a company is responsible for billing the organization's clients for the goods and services it sells. The accounts receivable manager oversees the employees that staff such departments. Educational requirements for accounts receivable managers vary from employer to employer, but a high school diploma or GED and experience in the field is generally necessary. As of November 2010, accounts receivable managers earned an average of $38,755 to $59,843, according to Payscale.

Experience

The experience of an accounts receivable manager influenced her earnings as of November 2010, explains Payscale. Managers with one to four years' experience earned an average of $31,956 to $47,357 per year. Those with five to nine years' experience averaged $38,833 to $55,486 annually, while managers with 10 to 19 years' experience earned $40,626 to $63,648. With 20 years of experience or more, accounts receivable managers received average annual salaries of $42,849 to $67,362.

Industry

Industry type had a bearing upon the average salaries of accounts receivable managers as of November 2010, reports Payscale. Health care companies and institutions paid the highest average annual salaries at $47,188 to $70,038. Managers employed in the real estate and property management industry earned an average of $42,907 to $56,336. Construction companies paid an average of $40,000 to $65,450 to accounts receivable managers. Those employed in the retail and wholesale distribution industry earned an average of $39,663 to $58,504.

Education

The education of an accounts receivable manager influenced his annual salary as of November 2010, according to Payscale. Those with only an Associate of Applied Science degree earned an average of $33,500 to $52,764 per year. Accounts receivable managers with a Bachelor of Business Administration degree in any field averaged $47,166 to $60,527 annually. Managers who held Master of Business Administration degrees received average annual salaries of $44,660 to $67,619.

Geography

Average salary rates for accounts receivable managers varied by geographic location as of November 2010. Managers who worked in Virginia enjoyed the highest average annual salaries at $40,904 to $77,261. California, Pennsylvania and New Jersey were other high-paying states for accounts receivable managers; professionals working in these states received average maximum salaries of more than $66,000 per year. Accounts receivable managers in New York earned an average of $39,949 to $63,165.

References

• AccountingJobsToday.com: Accounts Receivable Manager Job Description
• Payscale: Salary Snapshot for Accounts Receivable Manager Jobs
• Payscale: Accounts Receivable Manager Salary by Years Experience
• Payscale: Accounts Receivable Manager Salary by Industry
• Payscale: Accounts Receivable Manager Salary by Degree/Major Subject
• Payscale: Accounts Receivable Manager Salary by State or Province