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The differences between banking center 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 banking center manager and a cash manager. Additionally, a banking center manager has an average salary of $128,585, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a banking center manager include business development, bank products and bank policies. The most important skills for a cash manager are customer service, cash management, and treasury.
| Banking Center Manager | Cash Manager | |
| Yearly salary | $128,585 | $93,363 |
| Hourly rate | $61.82 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 87,078 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A banking center manager is responsible for monitoring bank operations, auditing financial transactions, and ensuring that the banking staff provides the highest customer service for their clients. Banking center managers assist the team members in responding to the customers' inquiries and concerns regarding the financial options they offer, opening accounts, selling financial instruments, and resolving transactional complaints. A banking center manager must have excellent communication and analytical skills, especially in developing banking solutions that would increase the bank's reliability to the customers.
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.
Banking center managers and cash managers have different pay scales, as shown below.
| Banking Center Manager | Cash Manager | |
| Average salary | $128,585 | $93,363 |
| Salary range | Between $95,000 And $173,000 | Between $66,000 And $130,000 |
| Highest paying City | - | Redding, CA |
| Highest paying state | - | California |
| Best paying company | - | PVH |
| Best paying industry | - | Manufacturing |
There are a few differences between a banking center manager and a cash manager in terms of educational background:
| Banking Center Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between banking center managers' and cash managers' demographics:
| Banking Center Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 47.0% Female, 53.0% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.3% White, 63.9% 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% |