Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between asset managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an asset manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $85,814 average annual salary of an asset manager.
The top three skills for an asset manager include asset management, financial statements and property management. The most important skills for a cash manager are customer service, cash management, and treasury.
| Asset Manager | Cash Manager | |
| Yearly salary | $85,814 | $93,363 |
| Hourly rate | $41.26 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,732 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An asset manager is responsible for advising clients with their investment preferences and financial goals based on their assets' quantity and value. Asset managers regularly meet with their clients regarding their asset management's progress, recommending more investment options and considering the clients' needs. They manage financial portfolios and prepare stock market reports and forecasts as needed. An asset manager must have a broad knowledge of the financial industry and investment processes, identifying profit opportunities for long-term investment objectives.
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Asset managers and cash managers have different pay scales, as shown below.
| Asset Manager | Cash Manager | |
| Average salary | $85,814 | $93,363 |
| Salary range | Between $59,000 And $123,000 | Between $66,000 And $130,000 |
| Highest paying City | New York, NY | Redding, CA |
| Highest paying state | New York | California |
| Best paying company | Deutsche Bank | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an asset manager and a cash manager in terms of educational background:
| Asset Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between asset managers' and cash managers' demographics:
| Asset Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 64.3% Female, 35.7% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.9% White, 63.8% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 8.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |