Bill and Account Collector Average Salary in London 2024
How much money does a person working as Bill and Account Collector make in London?
LOW
14,900
GBP AVERAGE
32,300
GBP HIGH
51,300
GBP
A person working as Bill and Account Collector in London typically earns around 32,300 GBP. Salaries range from 14,900 GBP (lowest) to 51,300 GBP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bill and Account Collector salaries in London vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bill and Account Collector Pay Scale and Salaries in London
Salary Structure and Pay Scale Comparison
30,600 GBP or more
26,800 to 30,600 GBP
18,500 GBP or less
18,500 to 26,800 GBP
 14,900 GBP |
30,900 GBP |
51,300 GBP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Bill and Account Collector in London range from 14,900 GBP (starting salary) to 51,300 GBP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 30,900 GBP, half of the professionals who work as Bill and Account Collector in London earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bill and Account Collector in London earn less than 24,900 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 35,600 GBP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bill and Account Collector in London compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 18,500 GBP to 26,800 GBP. About 20% of salaries are below the 18,500 GBP mark, while 10% fall within the range of 26,800 GBP to 30,600 GBP. Only 5% of individuals have salaries exceeding 30,600 GBP.
Salary Comparison by Years of Experience / Bill and Account Collector / London
How do experience and age affect pay?
| 0 - 2 Years | 16,900 GBP | |
| 2 - 5 Years | +34% | 22,500 GBP |
| 5 - 10 Years | +48% | 33,300 GBP |
| 10 - 15 Years | +22% | 40,600 GBP |
| 15 - 20 Years | +9% | 44,200 GBP |
| 20+ Years | +8% | 47,900 GBP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bill and Account Collector and this is what we found.
Employees with less than two years of experience earn approximately 16,900 GBP.
While someone with an experience level between two and five years is expected to earn 22,500 GBP, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 33,300 GBP, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 40,600 GBP, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 44,200 GBP, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 47,900 GBP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bill and Account Collector / London
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bill and Account Collector.
| High School | 19,200 GBP | |
| Certificate or Diploma | +57% | 30,200 GBP |
| Bachelor's Degree | +68% | 50,600 GBP |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bill and Account Collector in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 19,200 GBP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 30,200 GBP, 57% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 50,600 GBP, 68% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Bill and Account Collector / London
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bill and Account Collector in United Kingdom, the average difference between the salary of male and female employees is 4%.
| Male | 28,400 GBP | |
| Female | -4% | 27,200 GBP |
Salary Comparison By Gender in United Kingdom for all Careers
Average Annual Salary Increment Percentage / Bill and Account Collector / London
How much are annual salary increments in London for individuals working as Bill and Account Collector? How often do employees get salary raises?
Individuals working as Bill and Account Collector in United Kingdom are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
United Kingdom / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Bill and Account Collector / United Kingdom
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/united-kingdom/banking/bill-and-account-collector/annual-salary-bonus-rate-united-kingdom-bill-and-account-collector.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Bill and Account Collector / London
16 GBP per hourThe average hourly wage (pay per hour) for individuals working as Bill and Account Collector in London is 16 GBP.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Bill and Account Collector in London is 7 GBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 126,000 GBP |  +290% |
| Assistant Bank Branch Manager | 107,000 GBP | +230% |
| Assistant Bank Manager | 140,000 GBP | +330% |
| ATM Manager | 116,000 GBP | +260% |
| ATM Service Technician | 34,900 GBP | +8% |
| Bank Accounts Analyst | 49,900 GBP | +55% |
| Bank Accounts Collector | 29,100 GBP | -10% |
| Bank Accounts Controller | 63,000 GBP | +95% |
| Bank Accounts Executive | 92,100 GBP | +190% |
| Bank Accounts Manager | 105,000 GBP | +230% |
| Bank Auditing Manager | 111,000 GBP | +240% |
| Bank Branch Manager | 148,000 GBP | +360% |
| Bank Branch Operations Coordinator | 65,800 GBP | +100% |
| Bank Clerk | 28,300 GBP | -12% |
| Bank Client Service Associate | 39,000 GBP | +21% |
| Bank Collector | 28,500 GBP | -12% |
| Bank Compliance Specialist | 76,300 GBP | +140% |
| Bank Manager | 176,000 GBP | +450% |
| Bank Operational Risk Manager | 179,000 GBP | +450% |
| Bank Operations Head | 186,000 GBP | +480% |
| Bank Operations Officer | 68,200 GBP | +110% |
| Bank Operations Specialist | 109,000 GBP | +240% |
| Bank Process Manager | 101,000 GBP | +210% |
| Bank Product Manager | 116,000 GBP | +260% |
| Bank Programme Manager | 117,000 GBP | +260% |
| Bank Project Manager | 137,000 GBP | +320% |
| Bank Propositions Manager | 123,000 GBP | +280% |
| Bank Quantitative Analyst | 84,900 GBP | +160% |
| Bank Regional Manager | 180,000 GBP | +460% |
| Bank Regional Risk Officer | 88,200 GBP | +170% |
| Bank Relationship Manager | 130,000 GBP | +300% |
| Bank Relationship Officer | 59,300 GBP | +84% |
| Bank Sustainability Analyst | 105,000 GBP | +230% |
| Bank Teller | 31,700 GBP | -2% |
| Banker | 60,600 GBP | +88% |
| Banking Business Analyst | 92,400 GBP | +190% |
| Banking Business Development Officer | 59,100 GBP | +83% |
| Banking Business Planning Executive | 130,000 GBP | +300% |
| Banking Data Analyst | 106,000 GBP | +230% |
| Banking Product Manager | 117,000 GBP | +260% |
| Banking Reference Data Manager | 94,900 GBP | +190% |
| Banking Regulatory Compliance Officer | 107,000 GBP | +230% |
| Banking Risk Analyst | 89,600 GBP | +180% |
| Banking Technical Analyst | 49,400 GBP | +53% |
| Bankruptcy Coordinator | 63,600 GBP | +97% |
| Bill and Account Collector | 32,300 GBP | +0% |
| Blockchain Analyst | 74,400 GBP | +130% |
| Blockchain Architect | 94,000 GBP | +190% |
| Blockchain Auditor | 82,100 GBP | +150% |
| Blockchain Compliance Analyst | 83,500 GBP | +160% |
| Blockchain Consultant | 86,300 GBP | +170% |
| Blockchain Trade Facilitator | 76,600 GBP | +140% |
| Budget Analyst | 86,900 GBP | +170% |
| Capital Risk Manager | 168,000 GBP | +420% |
| Cards Marketing Manager | 118,000 GBP | +270% |
| Cash Management Manager | 163,000 GBP | +400% |
| Check Processing Manager | 119,000 GBP | +270% |
| Chief Blockchain Officer | 105,000 GBP | +230% |
| Commercial Vault Associate | 92,100 GBP | +190% |
| Corporate Banker | 67,100 GBP | +110% |
| Corporate Dealer | 90,100 GBP | +180% |
| Credit Analyst | 68,000 GBP | +110% |
| Credit and Collections Manager | 128,000 GBP | +300% |
| Credit Card Fraud Investigator | 97,000 GBP | +200% |
| Credit Portfolio Manager | 168,000 GBP | +420% |
| Credit Risk Analyst | 105,000 GBP | +230% |
| Credit Risk Associate | 98,300 GBP | +200% |
| Cryptocurrency Accountant | 57,900 GBP | +79% |
| Cryptocurrency Adviser | 111,000 GBP | +240% |
| Cryptocurrency Analyst | 81,700 GBP | +150% |
| Cryptocurrency Compliance Manager | 99,900 GBP | +210% |
| Cryptocurrency Trader | 97,400 GBP | +200% |
| Digital Banking Manager | 119,000 GBP | +270% |
| Digital Currency Analyst | 89,400 GBP | +180% |
| Direct Bank Sales Representative | 65,600 GBP | +100% |
| Exchange Control Consultant | 98,200 GBP | +200% |
| Executive Account Analyst | 85,400 GBP | +160% |
| Financial Bank Planning Consultant | 112,000 GBP | +250% |
| Financial Banking Analysis Manager | 132,000 GBP | +310% |
| Financial Banking Assistant | 42,200 GBP | +31% |
| Financial Banking Systems Manager | 119,000 GBP | +270% |
| Foreign Exchange Manager | 138,000 GBP | +330% |
| Fraud Analyst | 94,500 GBP | +190% |
| Fraud Detection Associate | 67,500 GBP | +110% |
| Fraud Detection Manager | 137,000 GBP | +320% |
| Fraud Detection Supervisor | 80,300 GBP | +150% |
| Internal Bank Audit Manager | 162,000 GBP | +400% |
| Internal Bank Auditor | 85,100 GBP | +160% |
| Internal Private Banker | 65,500 GBP | +100% |
| International Banking Manager | 177,000 GBP | +450% |
| Investment Banking Analyst | 134,000 GBP | +310% |
| Loan Analyst | 88,200 GBP | +170% |
| Loan Area Manager | 110,000 GBP | +240% |
| Loan Audit Team Leader | 103,000 GBP | +220% |
| Loan Branch Manager | 100,000 GBP | +210% |
| Loan Business Development Officer | 53,300 GBP | +65% |
| Loan Clerk | 30,700 GBP | -5% |
| Loan Collection and Recovery Manager | 111,000 GBP | +240% |
| Loan Collection Manager | 113,000 GBP | +250% |
| Loan Collector | 30,000 GBP | -7% |
| Loan Examiner | 39,300 GBP | +22% |
| Loan Officer | 35,500 GBP | +10% |
| Loan Processing Manager | 95,700 GBP | +200% |
| Loan Processor | 39,300 GBP | +22% |
| Loan Quality Assurance Auditor | 96,300 GBP | +200% |
| Loan Quality Assurance Manager | 106,000 GBP | +230% |
| Loan Quality Assurance Representative | 69,300 GBP | +110% |
| Loan Review Manager | 103,000 GBP | +220% |
| Loan Team Leader | 90,700 GBP | +180% |
| Loans Manager | 125,000 GBP | +290% |
| Mortgage Advisor | 61,400 GBP | +90% |
| Mortgage Collection Manager | 102,000 GBP | +220% |
| Mortgage Collector | 31,000 GBP | -4% |
| Mortgage Credit Analyst | 49,600 GBP | +54% |
| Mortgage Credit Manager | 103,000 GBP | +220% |
| Mortgage Development Manager | 116,000 GBP | +260% |
| Mortgage Document Reviewer | 39,000 GBP | +21% |
| Mortgage Funding Manager | 114,000 GBP | +250% |
| Mortgage Operations Manager | 156,000 GBP | +380% |
| Mortgage Payment Processing Clerk | 33,900 GBP | +5% |
| Mortgage Processing Manager | 99,100 GBP | +210% |
| Mortgage Processor | 42,400 GBP | +31% |
| Mortgage Quality Assurance Auditor | 86,400 GBP | +170% |
| Mortgage Quality Assurance Manager | 108,000 GBP | +230% |
| Mortgage Servicing Clerk | 32,300 GBP | +0% |
| Mortgage Servicing Manager | 101,000 GBP | +210% |
| Mortgage Underwriter | 39,700 GBP | +23% |
| Online Banking Manager | 164,000 GBP | +410% |
| Open Banking Strategist | 93,900 GBP | +190% |
| Payment Processing Clerk | 32,900 GBP | +2% |
| Personal Banker | 63,900 GBP | +98% |
| Personal Banking Advisor | 68,100 GBP | +110% |
| Phone Banker | 42,800 GBP | +33% |
| Private Banker | 66,200 GBP | +110% |
| Reconciliation and Investigation Specialist | 76,800 GBP | +140% |
| Tax Officer | 56,300 GBP | +74% |
| Teller | 29,800 GBP | -8% |
| Trade Officer | 36,300 GBP | +12% |
| Trade Product Manager | 103,000 GBP | +220% |
| Trader | 46,700 GBP | +45% |
| Treasury Operations Officer | 83,600 GBP | +160% |
| Wealth Management Advisor | 138,000 GBP | +330% |
Salary Comparison By City
| City | Average Salary |
| London | 32,300 GBP |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United Kingdom is 4% on average across all career fields.
| Private Sector | 69,700 GBP | |
| Public Sector | +4% | 72,800 GBP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bill and Account Collector in London?
A good and competitive compensation would range anywhere between 30,900 GBP and 35,600 GBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Bill and Account Collector in London ranges from 14,900 GBP to 24,900 GBP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
