A person working as Bill and Account Collector in United Kingdom typically earns around 27,800 GBP. Salaries range from 14,500 GBP (lowest) to 42,500 GBP (highest).
This is the average salary including housing, transport, and other benefits. Bill and Account Collector salaries in United Kingdom vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 14,500 GBP |
Median 25,300 GBP |
Maximum 42,500 GBP |
Salaries for the position Bill and Account Collector in United Kingdom range from 14,500 GBP (starting salary) to 42,500 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.
With a median salary of 25,300 GBP, half of the professionals who work as Bill and Account Collector in United Kingdom 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.
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 United Kingdom earn less than 21,000 GBP, while 75% earn more. Similarly, the chart shows that 75% earn less than 28,700 GBP while 25% earn more.
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 United Kingdom compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 16,400 GBP to 22,400 GBP. About 20% of salaries are below the 16,400 GBP mark, while 10% fall within the range of 22,400 GBP to 25,200 GBP. Only 5% of individuals have salaries exceeding 25,200 GBP.
0 - 2 Years | 16,400 GBP | |
2 - 5 Years | +34% | 22,000 GBP |
5 - 10 Years | +30% | 28,600 GBP |
10 - 15 Years | +21% | 34,700 GBP |
15 - 20 Years | +9% | 37,900 GBP |
20+ Years | +5% | 39,900 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 16,400 GBP.
While someone with an experience level between two and five years is expected to earn 22,000 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 28,600 GBP, 30% 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 34,700 GBP, 21% 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 37,900 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 39,900 GBP, 5% more than people with fifteen to twenty years of experience.
High School | 19,500 GBP | |
Certificate or Diploma | +43% | 27,900 GBP |
Bachelor's Degree | +38% | 38,600 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.
Employees at this education level have an average salary of 19,500 GBP.
At this level, the average salary becomes 27,900 GBP, 43% more than the previous level.
At this level, the average salary becomes 38,600 GBP, 38% more than the previous level.
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 |
Individuals working as Bill and Account Collector in United Kingdom are likely to observe a salary increase of approximately 12% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
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.
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
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.
71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
Received Bonus | 29% | |
No Bonus | 71% |
The 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.
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.
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.
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.
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.
The minimum pay rate per hour for people working as Bill and Account Collector in United Kingdom is 7 GBP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Banking | -100% | |
AML Analyst | 111,000 GBP | +300% |
Assistant Bank Branch Manager | 94,500 GBP | +240% |
Assistant Bank Manager | 129,000 GBP | +360% |
ATM Manager | 101,000 GBP | +260% |
ATM Service Technician | 28,600 GBP | +3% |
Bank Accounts Analyst | 43,500 GBP | +56% |
Bank Accounts Collector | 24,600 GBP | -12% |
Bank Accounts Controller | 56,300 GBP | +100% |
Bank Accounts Executive | 77,700 GBP | +180% |
Bank Accounts Manager | 92,700 GBP | +230% |
Bank Auditing Manager | 94,900 GBP | +240% |
Bank Branch Manager | 125,000 GBP | +350% |
Bank Branch Operations Coordinator | 55,500 GBP | +100% |
Bank Clerk | 23,900 GBP | -14% |
Bank Client Service Associate | 33,800 GBP | +22% |
Bank Collector | 24,700 GBP | -11% |
Bank Compliance Specialist | 67,400 GBP | +140% |
Bank Manager | 148,000 GBP | +430% |
Bank Operational Risk Manager | 144,000 GBP | +420% |
Bank Operations Head | 158,000 GBP | +470% |
Bank Operations Officer | 62,500 GBP | +120% |
Bank Operations Specialist | 95,400 GBP | +240% |
Bank Process Manager | 84,500 GBP | +200% |
Bank Product Manager | 93,800 GBP | +240% |
Bank Programme Manager | 103,000 GBP | +270% |
Bank Project Manager | 116,000 GBP | +320% |
Bank Propositions Manager | 111,000 GBP | +300% |
Bank Quantitative Analyst | 73,600 GBP | +160% |
Bank Regional Manager | 161,000 GBP | +480% |
Bank Regional Risk Officer | 81,400 GBP | +190% |
Bank Relationship Manager | 110,000 GBP | +300% |
Bank Relationship Officer | 53,200 GBP | +91% |
Bank Sustainability Analyst | 86,200 GBP | +210% |
Bank Teller | 27,200 GBP | -2% |
Banker | 52,400 GBP | +88% |
Banking Business Analyst | 80,400 GBP | +190% |
Banking Business Development Officer | 48,600 GBP | +75% |
Banking Business Planning Executive | 117,000 GBP | +320% |
Banking Data Analyst | 91,100 GBP | +230% |
Banking Product Manager | 94,200 GBP | +240% |
Banking Reference Data Manager | 82,400 GBP | +200% |
Banking Regulatory Compliance Officer | 96,100 GBP | +250% |
Banking Risk Analyst | 81,900 GBP | +190% |
Banking Technical Analyst | 43,200 GBP | +55% |
Bankruptcy Coordinator | 58,300 GBP | +110% |
Bill and Account Collector | 27,800 GBP | -0% |
Blockchain Analyst | 66,000 GBP | +140% |
Blockchain Architect | 78,800 GBP | +180% |
Blockchain Auditor | 71,700 GBP | +160% |
Blockchain Compliance Analyst | 68,900 GBP | +150% |
Blockchain Consultant | 74,300 GBP | +170% |
Blockchain Trade Facilitator | 67,000 GBP | +140% |
Budget Analyst | 80,000 GBP | +190% |
Capital Risk Manager | 143,000 GBP | +410% |
Cards Marketing Manager | 103,000 GBP | +270% |
Cash Management Manager | 140,000 GBP | +400% |
Check Processing Manager | 106,000 GBP | +280% |
Chief Blockchain Officer | 84,400 GBP | +200% |
Commercial Vault Associate | 80,300 GBP | +190% |
Corporate Banker | 57,600 GBP | +110% |
Corporate Dealer | 83,200 GBP | +200% |
Credit Analyst | 62,700 GBP | +130% |
Credit and Collections Manager | 112,000 GBP | +300% |
Credit Card Fraud Investigator | 79,800 GBP | +190% |
Credit Portfolio Manager | 154,000 GBP | +450% |
Credit Risk Analyst | 88,000 GBP | +220% |
Credit Risk Associate | 86,100 GBP | +210% |
Cryptocurrency Accountant | 50,800 GBP | +83% |
Cryptocurrency Adviser | 101,000 GBP | +260% |
Cryptocurrency Analyst | 70,700 GBP | +150% |
Cryptocurrency Compliance Manager | 90,400 GBP | +230% |
Cryptocurrency Trader | 83,200 GBP | +200% |
Digital Banking Manager | 105,000 GBP | +280% |
Digital Currency Analyst | 80,100 GBP | +190% |
Direct Bank Sales Representative | 56,300 GBP | +100% |
Exchange Control Consultant | 80,900 GBP | +190% |
Executive Account Analyst | 75,700 GBP | +170% |
Financial Bank Planning Consultant | 103,000 GBP | +270% |
Financial Banking Analysis Manager | 112,000 GBP | +300% |
Financial Banking Assistant | 37,300 GBP | +34% |
Financial Banking Systems Manager | 110,000 GBP | +300% |
Foreign Exchange Manager | 120,000 GBP | +330% |
Fraud Analyst | 81,700 GBP | +190% |
Fraud Detection Associate | 55,500 GBP | +100% |
Fraud Detection Manager | 119,000 GBP | +330% |
Fraud Detection Supervisor | 69,000 GBP | +150% |
Internal Bank Audit Manager | 138,000 GBP | +400% |
Internal Bank Auditor | 75,300 GBP | +170% |
Internal Private Banker | 56,400 GBP | +100% |
International Banking Manager | 164,000 GBP | +490% |
Investment Banking Analyst | 115,000 GBP | +310% |
Loan Analyst | 76,300 GBP | +170% |
Loan Area Manager | 101,000 GBP | +260% |
Loan Audit Team Leader | 94,100 GBP | +240% |
Loan Branch Manager | 86,800 GBP | +210% |
Loan Business Development Officer | 48,200 GBP | +73% |
Loan Clerk | 28,900 GBP | +4% |
Loan Collection and Recovery Manager | 93,700 GBP | +240% |
Loan Collection Manager | 91,000 GBP | +230% |
Loan Collector | 26,300 GBP | -5% |
Loan Examiner | 36,000 GBP | +29% |
Loan Officer | 29,200 GBP | +5% |
Loan Processing Manager | 82,800 GBP | +200% |
Loan Processor | 35,600 GBP | +28% |
Loan Quality Assurance Auditor | 82,200 GBP | +200% |
Loan Quality Assurance Manager | 85,000 GBP | +210% |
Loan Quality Assurance Representative | 58,300 GBP | +110% |
Loan Review Manager | 90,500 GBP | +230% |
Loan Team Leader | 83,100 GBP | +200% |
Loans Manager | 109,000 GBP | +290% |
Mortgage Advisor | 53,200 GBP | +91% |
Mortgage Collection Manager | 92,300 GBP | +230% |
Mortgage Collector | 26,500 GBP | -5% |
Mortgage Credit Analyst | 40,000 GBP | +44% |
Mortgage Credit Manager | 86,600 GBP | +210% |
Mortgage Development Manager | 102,000 GBP | +270% |
Mortgage Document Reviewer | 35,700 GBP | +28% |
Mortgage Funding Manager | 98,700 GBP | +250% |
Mortgage Operations Manager | 137,000 GBP | +390% |
Mortgage Payment Processing Clerk | 31,200 GBP | +12% |
Mortgage Processing Manager | 89,800 GBP | +220% |
Mortgage Processor | 36,300 GBP | +31% |
Mortgage Quality Assurance Auditor | 75,000 GBP | +170% |
Mortgage Quality Assurance Manager | 88,400 GBP | +220% |
Mortgage Servicing Clerk | 28,800 GBP | +4% |
Mortgage Servicing Manager | 85,200 GBP | +210% |
Mortgage Underwriter | 33,900 GBP | +22% |
Online Banking Manager | 143,000 GBP | +410% |
Open Banking Strategist | 84,200 GBP | +200% |
Payment Processing Clerk | 27,100 GBP | -3% |
Personal Banker | 59,900 GBP | +120% |
Personal Banking Advisor | 58,400 GBP | +110% |
Phone Banker | 36,300 GBP | +31% |
Private Banker | 56,900 GBP | +100% |
Reconciliation and Investigation Specialist | 65,700 GBP | +140% |
Tax Officer | 49,100 GBP | +77% |
Teller | 26,400 GBP | -5% |
Trade Officer | 33,400 GBP | +20% |
Trade Product Manager | 89,000 GBP | +220% |
Trader | 38,300 GBP | +38% |
Treasury Operations Officer | 68,700 GBP | +150% |
Wealth Management Advisor | 116,000 GBP | +320% |
State | Average Salary |
England | 54,400 GBP |
Northern Ireland | 25,000 GBP |
Scotland | 37,300 GBP |
Wales | 26,400 GBP |
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 |
A good and competitive compensation would range anywhere between 25,300 GBP and 28,700 GBP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Bill and Account Collector in United Kingdom ranges from 14,500 GBP to 21,000 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.
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
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