Home > Salary > Monaco > Collections Representative
A collections representative is responsible for contacting individuals or businesses who have overdue payments or outstanding debts. They work in various industries, such as finance, healthcare, telecommunications, or retail, and their primary goal is to recover the owed funds. Collections representatives typically communicate with debtors via phone calls, emails, or letters to negotiate payment plans, provide information about outstanding balances, and address any concerns or disputes. They may also update customer records, process payments, and escalate unresolved issues to supervisors or legal departments if necessary. This occupation requires strong communication and negotiation skills, as well as the ability to handle difficult or sensitive conversations professionally. Attention to detail, persistence, and a thorough understanding of relevant laws and regulations are also essential for success in this role.
Estimated Yearly Salary: 122,123 EUR
Estimated Monthly Salary: 10,177 EUR
Estimated Weekly Salary: 2,349 EUR per week
Estimated Hourly Salary: 59 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 9,803 EUR
Estimated Weekly Salary: 2,262 EUR per week
Estimated Hourly Salary: 57 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 121,635 USD
Estimated Monthly Salary: 10,136 USD
Estimated Weekly Salary: 2,339 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 122,123 EUR
Estimated Monthly Salary: 10,177 EUR
Estimated Weekly Salary: 2,349 EUR per week
Estimated Hourly Salary: 59 EUR per hour
By working as Collections Representative a person can save up to 2,693 USD per month or 32,317 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Collections Representative
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Collections Representative salary in Monaco
Average Yearly Salary of Collections Representative in Monaco is approximately 122,123 EUR (121,635 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Collections Representative do?
A collections representative is responsible for contacting individuals or businesses who have overdue payments or outstanding debts. They work in various industries, such as finance, healthcare, telecommunications, or retail, and their primary goal is to recover the owed funds. Collections representatives typically communicate with debtors via phone calls, emails, or letters to negotiate payment plans, provide information about outstanding balances, and address any concerns or disputes. They may also update customer records, process payments, and escalate unresolved issues to supervisors or legal departments if necessary. This occupation requires strong communication and negotiation skills, as well as the ability to handle difficult or sensitive conversations professionally. Attention to detail, persistence, and a thorough understanding of relevant laws and regulations are also essential for success in this role.
Skills: Collections representative, Debt collection, Payment recovery, Customer communication, Negotiation skills, Financial services
Job industry: Finance
Job industry: Finance
How much does Collections Representative make?
Salary details
How much does Collections Representative make?Estimated Yearly Salary: 122,123 EUR
Estimated Monthly Salary: 10,177 EUR
Estimated Weekly Salary: 2,349 EUR per week
Estimated Hourly Salary: 59 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 117,640 EUREstimated Monthly Salary: 9,803 EUR
Estimated Weekly Salary: 2,262 EUR per week
Estimated Hourly Salary: 57 EUR per hour
Last revision of data: 2024-01-03Collections Representative estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 121,635 USD
Estimated Monthly Salary: 10,136 USD
Estimated Weekly Salary: 2,339 USD per week
Estimated Hourly Salary: 58 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Collections Representative job salary compared to average salary in Monaco.
Comparison shows that a person working as Collections Representative in Monaco earns on average:
0.72 times the average salary (or 72% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Collections Representative job salary compared to average salary in Monaco.
Comparison shows that a person working as Collections Representative in Monaco earns on average:
0.72 times the average salary (or 72% of average salary).
Is Collections Representative a well paid job?
No, our data shows that Collections Representative is typically not a well-paid job. The salary varies based on experience. Meaning that even though Collections Representative might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Collections Representative?
High salary for Collections Representative would be somewhere between 134,335 EUR and 177,078 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Collections Representative in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 122,123 EUR
Estimated Monthly Salary: 10,177 EUR
Estimated Weekly Salary: 2,349 EUR per week
Estimated Hourly Salary: 59 EUR per hour
By working as Collections Representative a person can save up to 2,693 USD per month or 32,317 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Collections Representative
France is 30,045 USD
Italy is 24,709 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Hr senior manager (399,911 EUR per year, pre-tax.)
Assistant manager hospital (226,003 EUR per year, pre-tax.)
Sky marshal or air marshal (249,477 EUR per year, pre-tax.)
Cable design engineer (188,117 EUR per year, pre-tax.)
Physical therapist aide (74,940 EUR per year, pre-tax.)
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