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The differences between cash managers and business manager-finance 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 cash manager and a business manager-finance manager. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a cash manager include customer service, cash management and treasury. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.
| Cash Manager | Business Manager-Finance Manager | |
| Yearly salary | $93,363 | $106,036 |
| Hourly rate | $44.89 | $50.98 |
| Growth rate | 17% | 17% |
| Number of jobs | 60,517 | 180,161 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
Cash managers and business manager-finance managers have different pay scales, as shown below.
| Cash Manager | Business Manager-Finance Manager | |
| Average salary | $93,363 | $106,036 |
| Salary range | Between $66,000 And $130,000 | Between $73,000 And $152,000 |
| Highest paying City | Redding, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | PVH | ZS |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a cash manager and a business manager-finance manager in terms of educational background:
| Cash Manager | Business Manager-Finance 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 cash managers' and business manager-finance managers' demographics:
| Cash Manager | Business Manager-Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 58.8% Female, 41.2% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |