Home > Salary > Monaco > Collections Specialist
A collections specialist is responsible for managing and collecting outstanding debts from customers or clients. They work in various industries, including finance, healthcare, and retail, ensuring that overdue payments are recovered efficiently and effectively. The main duties of a collections specialist include contacting debtors to negotiate payment plans, investigating delinquent accounts, updating account information, and maintaining accurate records of collection activities. They must possess strong communication and negotiation skills to handle difficult situations and have a thorough understanding of relevant laws and regulations.
Estimated Yearly Salary: 138,214 EUR
Estimated Monthly Salary: 11,518 EUR
Estimated Weekly Salary: 2,658 EUR per week
Estimated Hourly Salary: 66 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,156 EUR
Estimated Weekly Salary: 2,574 EUR per week
Estimated Hourly Salary: 64 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 138,889 USD
Estimated Monthly Salary: 11,574 USD
Estimated Weekly Salary: 2,671 USD per week
Estimated Hourly Salary: 67 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 138,214 EUR
Estimated Monthly Salary: 11,518 EUR
Estimated Weekly Salary: 2,658 EUR per week
Estimated Hourly Salary: 66 EUR per hour
By working as Collections Specialist a person can save up to 4,131 USD per month or 49,571 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 Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Collections Specialist salary in Monaco
Average Yearly Salary of Collections Specialist in Monaco is approximately 138,214 EUR (138,889 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 Specialist do?
A collections specialist is responsible for managing and collecting outstanding debts from customers or clients. They work in various industries, including finance, healthcare, and retail, ensuring that overdue payments are recovered efficiently and effectively. The main duties of a collections specialist include contacting debtors to negotiate payment plans, investigating delinquent accounts, updating account information, and maintaining accurate records of collection activities. They must possess strong communication and negotiation skills to handle difficult situations and have a thorough understanding of relevant laws and regulations.
Skills: Collections Specialist, Debt Collection, Account Receivables, Negotiation Skills, Financial Recovery, Delinquent Accounts.
Job industry: Finance
Job industry: Finance
How much does Collections Specialist make?
Salary details
How much does Collections Specialist make?Estimated Yearly Salary: 138,214 EUR
Estimated Monthly Salary: 11,518 EUR
Estimated Weekly Salary: 2,658 EUR per week
Estimated Hourly Salary: 66 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 133,866 EUREstimated Monthly Salary: 11,156 EUR
Estimated Weekly Salary: 2,574 EUR per week
Estimated Hourly Salary: 64 EUR per hour
Last revision of data: 2024-01-03Collections Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 138,889 USD
Estimated Monthly Salary: 11,574 USD
Estimated Weekly Salary: 2,671 USD per week
Estimated Hourly Salary: 67 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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 Specialist job salary compared to average salary in Monaco.
Comparison shows that a person working as Collections Specialist in Monaco earns on average:
0.81 times the average salary (or 81% 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 Specialist job salary compared to average salary in Monaco.
Comparison shows that a person working as Collections Specialist in Monaco earns on average:
0.81 times the average salary (or 81% of average salary).
Is Collections Specialist a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Collections Specialist?
High salary for Collections Specialist would be somewhere between 152,035 EUR and 200,410 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Collections Specialist 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: 138,214 EUR
Estimated Monthly Salary: 11,518 EUR
Estimated Weekly Salary: 2,658 EUR per week
Estimated Hourly Salary: 66 EUR per hour
By working as Collections Specialist a person can save up to 4,131 USD per month or 49,571 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 Specialist
France is 34,211 USD
Italy is 28,080 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:
Restaurant manager casual dining (188,293 EUR per year, pre-tax.)
Mining engineer (212,197 EUR per year, pre-tax.)
Flight mechanic (241,364 EUR per year, pre-tax.)
Senior audio and sound designer (265,698 EUR per year, pre-tax.)
Geographic information systems (gis), mapper (86,863 EUR per year, pre-tax.)
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