Collections Specialist Salary in Minneapolis, MN

A Collections Specialist in Minneapolis, MN, earns an average yearly salary of $48,703. This role involves contacting individuals and businesses to collect overdue payments. The salary can vary based on experience, skills, and the employer. Many specialists start with a lower salary and see increases as they gain more experience.

The salary range for Collections Specialists in Minneapolis spans from $38,000 to $65,000 per year. Here are the salary brackets and their distribution:

• 24.57% earn between $38,000 and $40,455
• 3.28% earn between $40,455 and $42,909
• 14.74% earn between $42,909 and $45,364
• 4.91% earn between $45,364 and $47,818
• 6.55% earn between $47,818 and $50,273
• 9.83% earn between $50,273 and $52,727
• 13.10% earn between $52,727 and $55,182
• 3.28% earn between $55,182 and $57,636
• 3.28% earn between $57,636 and $60,091
• 0.00% earn between $60,091 and $62,545
• 11.47% earn $62,545 or more

1. Eagan, MN
   Average Salary: $54,375
   In Eagan, working in collections offers a stable environment with opportunities for growth. Companies like US Bank and Ameriprise Financial provide a solid foundation for professionals. The city's business-friendly atmosphere supports career advancement.
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2. Minnetonka, MN
   Average Salary: $51,858
   Minnetonka presents a dynamic setting for collections professionals. With firms like Cargill and UnitedHealth Group, there are ample opportunities to develop skills. The community's focus on education and development makes it ideal for career growth.
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3. Burnsville, MN
   Average Salary: $50,588
   Burnsville is a great place for those in collections. The presence of companies like Target and Ameriprise Financial offers diverse experiences. The city's supportive environment encourages professional development and stability.
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4. Plymouth, MN
   Average Salary: $49,531
   Plymouth provides a thriving environment for collections specialists. Companies such as UnitedHealth Group and Cargill offer excellent career paths. The city's commitment to business and education fosters a positive work culture.
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5. Bloomington, MN
   Average Salary: $48,270
   Bloomington is an excellent city for collections work. With major employers like Target and Ameriprise Financial, professionals find many opportunities. The city's vibrant business scene supports career growth and stability.
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6. Saint Paul, MN
   Average Salary: $41,413
   In Saint Paul, collections specialists enjoy a dynamic work environment. Companies such as US Bank and HealthPartners provide solid career opportunities. The city's focus on business and education makes it a great place for professionals.
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7. Coon Rapids, MN
   Average Salary: $37,327
   Coon Rapids offers a supportive environment for collections professionals. Companies like US Bank and HealthPartners provide excellent career paths. The city's commitment to business and education fosters professional growth.
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1. Ray Thomas
   Average Salary: $65,000
   Ray Thomas offers competitive salaries for Collections Specialists. They work in Minneapolis and other locations. The company focuses on providing excellent customer service and collections expertise.
   

   
   

2. Kyros
   Average Salary: $54,488
   Kyros provides a solid salary for Collections Specialists. They operate in Minneapolis and other areas. The company values teamwork and professional growth.
   

   
   

3. Hennepin County
   Average Salary: $50,860
   Hennepin County offers a good salary for Collections Specialists. They work in Minneapolis and other locations. The company emphasizes public service and community support.
   

   
   

4. Tactile Medical
   Average Salary: $47,573
   Tactile Medical provides a decent salary for Collections Specialists. They operate in Minneapolis and other areas. The company focuses on medical technology and innovation.
   

   
   

5. AppleOne
   Average Salary: $44,500
   AppleOne offers a fair salary for Collections Specialists. They work in Minneapolis and other locations. The company focuses on staffing and employment services.
   

   
   

6. Insight Global
   Average Salary: $38,000
   Insight Global offers a competitive salary for Collections Specialists. They operate in Minneapolis and other areas. The company values diversity and professional development.
   

1. Compliance Officer
   Average Salary: $185,705
   This role ensures that financial institutions adhere to laws and regulations. It involves monitoring activities and reporting any issues. Companies in Minneapolis, like U.S. Bank, often seek compliance officers.
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2. Commercial Loan Officer
   Average Salary: $123,908
   These professionals assess and approve loans for businesses. They analyze financial data and creditworthiness. Wells Fargo and other banks in Minneapolis hire commercial loan officers.
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3. Loan Specialist
   Average Salary: $108,938
   Loan specialists help clients apply for and manage loans. They review documents and ensure all requirements are met. Many financial firms in Minneapolis, such as Bank of America, have openings for loan specialists.
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4. Credit Analyst
   Average Salary: $102,193
   Credit analysts evaluate the creditworthiness of individuals and businesses. They review financial statements and credit reports. Companies like U.S. Bank and Fidelity National Financial often look for credit analysts in Minneapolis.
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5. Consumer Banker
   Average Salary: $101,644
   Consumer bankers assist clients with personal banking needs. They provide advice on loans, savings, and investments. Many banks in Minneapolis, such as Wells Fargo, hire consumer bankers.
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6. Credit Counselor
   Average Salary: $94,012
   Credit counselors help individuals manage debt and improve their credit scores. They offer financial education and budgeting advice. Nonprofits and financial institutions in Minneapolis, such as the Credit Counseling Service, seek credit counselors.
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7. Operations Analyst
   Average Salary: $74,686
   Operations analysts review and improve business processes. They identify areas for efficiency and cost savings. Companies like U.S. Bank and Target in Minneapolis hire operations analysts.
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8. Mortgage Loan Originator
   Average Salary: $73,581
   These professionals help clients apply for home loans. They explain options and guide clients through the application process. Many banks in Minneapolis, such as Wells Fargo, need mortgage loan originators.
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9. Loan Servicing Specialist
   Average Salary: $58,325
   Loan servicing specialists manage client accounts and payments. They handle inquiries and ensure timely payments. Companies like U.S. Bank and Chase in Minneapolis hire loan servicing specialists.
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10. Billing Specialist
    Average Salary: $56,439
    Billing specialists create and send invoices to clients. They ensure accuracy and follow up on payments. Many financial firms in Minneapolis, such as Fidelity National Financial, need billing specialists.
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