Accounts Receivable Manager Salary Overview
Salaries for Accounts Receivable Managers can vary significantly based on experience, location, industry, and additional certifications. Professionals in urban centers or high-demand industries tend to earn higher salaries.
National Average: $60,000 - $95,000 per year
Experience-Based Salary Ranges
Entry Level (0-2 years)
$50,000 - $65,000
Mid Level (3-5 years)
$65,000 - $80,000
Senior Level (6-9 years)
$80,000 - $95,000
Manager/Director (10+ years)
$95,000 - $120,000+
Entry Level (0-2 years)
- Responsible for basic accounts receivable tasks
- Assists in the preparation of financial reports
- Communicates with clients to resolve billing issues
- Gains experience with accounting software
Mid Level (3-5 years)
- Manages a small team within the accounts receivable department
- Develops strategies to improve cash flow
- Analyzes accounts receivable processes for efficiency
- Coordinates with other departments to resolve discrepancies
Senior Level (6-9 years)
- Oversees complex accounts and high-value clients
- Implements advanced financial reporting techniques
- Leads projects to optimize accounts receivable processes
- Mentors junior staff and coordinates training programs
Manager/Director (10+ years)
- Leads the entire accounts receivable department
- Sets strategic goals and objectives for the team
- Represents the department in executive meetings
- Develops company-wide credit policies and procedures
Regional Salary Variations
Salaries for Accounts Receivable Managers vary by region due to cost of living differences and industry presence. Metropolitan areas typically offer higher salaries compared to rural locations.
New York City
$80,000 - $115,000
San Francisco
$85,000 - $120,000
Chicago
$75,000 - $105,000
Los Angeles
$80,000 - $110,000
Dallas
$70,000 - $100,000
Atlanta
$70,000 - $100,000
Phoenix
$65,000 - $95,000
Remote (US-based)
$70,000 - $105,000
- Higher salaries often found in high-cost urban areas
- Remote work offers competitive salaries with flexible locations
- Regional industries influence salary levels
- Cost of living adjustments may apply to remote positions
Industry Salary Comparison
Accounts Receivable Managers can find varying compensation across industries. Financial services and technology sectors often offer higher salaries compared to manufacturing or non-profit organizations, driven by the complexity and volume of transactions managed.
| Industry | Salary Range | Bonus/Equity | Growth Potential |
|---|---|---|---|
| Financial Services | $85,000 - $115,000 | High | Very Good |
| Technology | $80,000 - $110,000 | Moderate | Good |
| Manufacturing | $70,000 - $95,000 | Low | Stable |
| Healthcare | $75,000 - $100,000 | Moderate | Good |
| Non-Profit | $60,000 - $85,000 | Low | Limited |
Job Outlook and Career Growth
The demand for Accounts Receivable Managers is expected to grow as companies prioritize cash flow management and efficiency in financial operations. Increasingly, technology adoption is transforming the role, requiring managers to adapt and leverage digital tools.
- Growth in financial technology integration
- Increasing demand for efficient cash flow management
- Opportunities in a wide range of industries
Salary Negotiation Tips
Negotiating your salary as an Accounts Receivable Manager involves preparation and strategy. Understanding your worth and the market trends can greatly influence the outcome.
Preparation Strategies
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Research Salaries
Gather data on industry standards and regional variations to understand your market value.
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Know Your Worth
Evaluate your skills, experience, and contributions to assess your worth.
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Prepare a Case
Document achievements and quantifiable successes to present during negotiations.
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Understand Employer Needs
Align your skills and contributions with the company's goals.
During Negotiation
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Be Confident
Approach negotiations with confidence in your abilities and market knowledge.
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Listen Actively
Understand the employer's position and concerns.
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Negotiate Benefits
Consider negotiating for benefits and perks in addition to salary.
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Prepare Counteroffers
Be ready to make counteroffers if initial offers are below expectations.
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Remain Professional
Maintain a professional demeanor throughout the negotiation process.