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The differences between assurance 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 assurance manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $80,075 average annual salary of an assurance manager.
The top three skills for an assurance manager include client service, internal controls and business development. The most important skills for a cash manager are customer service, cash management, and treasury.
| Assurance Manager | Cash Manager | |
| Yearly salary | $80,075 | $93,363 |
| Hourly rate | $38.50 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 78,670 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An assurance manager is in charge of overseeing the quality assurance procedures in a manufacturing facility. Among their responsibilities include supervising quality assurance teams, setting goals and guidelines, managing budgets and schedules, gathering and analyzing data, producing progress reports, liaising with internal and external parties, and addressing issues and concerns, resolving them in a timely and efficient manner. Moreover, as a manager, it is essential to lead and encourage the staff to reach goals while implementing the company's policies and regulations.
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.
Assurance managers and cash managers have different pay scales, as shown below.
| Assurance Manager | Cash Manager | |
| Average salary | $80,075 | $93,363 |
| Salary range | Between $55,000 And $115,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | California | California |
| Best paying company | Meta | PVH |
| Best paying industry | Technology | Manufacturing |
There are a few differences between an assurance manager and a cash manager in terms of educational background:
| Assurance Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between assurance managers' and cash managers' demographics:
| Assurance Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.6% Female, 29.4% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% 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% |