Collections Manager Salary in Latvia

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  1. Compensation Data
  2. > Salary
  3. > Collections Manager
  4. > Latvia

Last Updated: July 08, 2026

€25,729 USD

per year
Hourly Rate €12.37
Bonus €1,580

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Entry Level €18K
Average €26K
Senior Level €31K

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The average pay for a Collections Manager is €25,729, which is €12.37 an hour in Latvia. The average salary range for a Collections Manager is between €18,036 and €31,261. On average, a Bachelor's is the highest level of education for a Collections Manager.

This compensation analysis comes from aggregated salary survey data for Latvia. ERI's compensation information is based on employer-reported data collected from ERI's salary surveys, customer HRIS data, data from Proxies/10Ks and Forms 990, proprietary databases, and purchased survey data. Cost-of-labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc. For more information, see ERI's methodology.

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Salary Potential for Collections Manager

Explore the estimated salary growth for Collections Manager in Latvia for up to 5 years. The estimated salary of Collections Manager in 1 year will be €27,053, and in 5 years, will be €33,067.

Number of Years

2 Years

Estimated Salary

€28,445 USD

Percentage Growth

0%

Growth Trajectory

The estimated salary growth for Collections Manager in [# of years] is [salary], which is [average growth %] average growth. This information is based on ERI's compensation database.

What Does a Collections Manager Do?

Manages and coordinates activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers of commercial establishment, department store, bank, or similar establishment. Assigns subordinates to supervise workers investigating and verifying financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and recommending rejection or approval of applications. Determines responsibility for collecting on worthless checks and delinquent bills to specific supervisors.

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Education, Skills, and Certifications for Collections Managers

Gain access to salary differentials for education and skills in ERI's Salary Assessor

Education

Below is the average education level for a Collections Manager. About 45% have a Bachelor's degree, 23% have a Associate degree, and 17% have a High School Diploma.

  • Bachelor's Degree 45%
  • Associate Degree 23%
  • High School Diploma 17%
  • Master's Degree 16%
  • Doctorate Degree 0%
  • Less Than HS 0%

Top Skills

Below are top skills for a Collections Manager. 80% of Collections Managers have a skill in Coordinates activities. The top 3 most popular skills for Collections Managers are Coordinates activities, Tax Administration, and Approves mortgage.

  • Coordinates activities 80%
  • Tax Administration 20%
  • Approves mortgage 20%
  • Authorizes loans 20%
  • Coordinates appropriations 20%

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Compare Collections Manager Salaries by Location

See how Collections Manager salaries vary by region and find the best location for your career.

Average Salaries for Collections Manager

The average salary of collections manager in Latvia is 2 57 29 €. The average salary of collections manager in California is $126,654. The average salary of collections manager in United States is $112,725. Explore the average salaries for collections manager in other locations below.

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Cost of Living in Latvia

The cost of living in Latvia is 0% equal to than the national average.

Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.

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Why Your Salary May Look Different

This information is based on a specific job title and location, but real-world compensation can vary based on factors like years of experience, company size, shift differentials, and more. Because of these variables, your actual pay may fall above or below the average ranges shown. Use ERI's salary data and compensation management platform to identify market trends and accurately adjust pay so that you can price jobs competitively.

Based on the average salary in the United States, if your shift differential is 10%, then your pay will increase by €1.24/hour

*Some jobs may not be adjusted using shift differentials. Please contact [email protected] for additional information.

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Frequently Asked Questions

Common questions about Collections Manager salaries and career insights

How much does a Collections Manager make in Latvia?

ERI's data indicated that, on average, a Collections Manager is €25,729 per year or €12.37 per hour in Latvia, which is 1% lower than the national average. Top earners have reported making up to €31,261. However, the typical pay range in Latvia, is between €18,036 and €31,261 annually.

What is the salary potential for Collections Manager in 5 years?

Collections Manager is projected to see 28.5% salary growth in 5 years.

What are some factors that impact Collections Manager salaries?

Several factors can impact the salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect the role can provide opportunities to earn more. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns.

How can I accurately price jobs for my organization?

There are several factors that can impact the salary, including experience, company size, job market, location, industry, education, certificates, shift differentials, and more. Understanding how these factors affect the role can help you spot pay gaps and retain top talent. ERI's Assessor Platform brings these factors together in one platform, making it easy to benchmark roles, analyze insights, and set pay with confidence.

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With decades of experience in compensation, ERI offers an extensive and reliable salary survey database powered by the Assessor Platform, a comprehensive compensation management solution that optimizes complex processes for accuracy and efficiency.

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ERI's team of PhD-level data scientists and seasoned compensation professionals review and validate our salary data approximately every six weeks, ensuring the accuracy of the data that we publish. Learn more about our methodology.

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About Our Data

This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

For over 35 years, ERI has compiled the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.

Verified Sources

Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.

Real-Time Data

Our salary database is updated and verified approximately every six weeks.

Quality Assurance

Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.

10,500+

Locations

35,900+

Job Titles

4,400+

Skills

5,500+

Certifications

1,100+

Industries

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