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The differences between bank 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 a bank manager and a cash manager. Additionally, a bank manager has an average salary of $96,910, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a bank manager include bank products, financial services and business development. The most important skills for a cash manager are customer service, cash management, and treasury.
| Bank Manager | Cash Manager | |
| Yearly salary | $96,910 | $93,363 |
| Hourly rate | $46.59 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 66,136 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
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.
Bank managers and cash managers have different pay scales, as shown below.
| Bank Manager | Cash Manager | |
| Average salary | $96,910 | $93,363 |
| Salary range | Between $65,000 And $142,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | California | California |
| Best paying company | Accenture | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a bank manager and a cash manager in terms of educational background:
| Bank Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank managers' and cash managers' demographics:
| Bank Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.9% Female, 51.1% | 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, 63.7% 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% |