Cash manager vs money manager

The differences between cash managers and money 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 money manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $73,231 average annual salary of a money manager.

The top three skills for a cash manager include customer service, cash management and treasury. The most important skills for a money manager are BSA, anti-money laundering, and bank secrecy act.

Cash manager vs money manager overview

	Cash Manager	Money Manager
Yearly salary	$93,363	$73,231
Hourly rate	$44.89	$35.21
Growth rate	17%	17%
Number of jobs	60,517	58,982
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 59%
Average age	46	46
Years of experience	8	8

Cash manager vs money manager salary

Cash managers and money managers have different pay scales, as shown below.

	Cash Manager	Money Manager
Average salary	$93,363	$73,231
Salary range	Between $66,000 And $130,000	Between $47,000 And $112,000
Highest paying City	Redding, CA	-
Highest paying state	California	-
Best paying company	PVH	-
Best paying industry	Manufacturing	-

Differences between cash manager and money manager education

There are a few differences between a cash manager and a money manager in terms of educational background:

	Cash Manager	Money Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Cash manager vs money manager demographics

Here are the differences between cash managers' and money managers' demographics:

	Cash Manager	Money Manager
Average age	46	46
Gender ratio	Male, 38.2% Female, 61.8%	Male, 43.5% Female, 56.5%
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, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between cash manager and money manager duties and responsibilities

Cash manager example responsibilities.

Lead and implement design of finance functions of new ERP system.
Manage day-to-day operational processing of securities lending program along with performing frequent analysis and audits for management reporting.
Process weekly ACH sweeps from depository accounts to corporate, wire transfers and other banking functions using PC.
Convert the in house manual system to an ADP ERP system.
Report bi-weekly on Sarbanes-Oxley relate to credits, debits and manual price adjustments.
Research and application of all GAAP policies and procedures as they pertain to the business.

Money manager example responsibilities.

Decrease manual processing time by successfully managing the implementation of a new software system for the BSA unit.
Assist clients with addressing BSA, AML & OFAC requirements resulting from regulatory actions against the clients.
Process fundamental and technical analysis for strategic trading of equities.
Assist in implementing effective procedures for the ACH department.
Perform daily vault balancing, ATM servicing and transaction approvals.
Review portfolio positioning and investment results with clients, consultants, and prospects.

Cash manager vs money manager skills

Common cash manager skills

Customer Service, 32%
Cash Management, 10%
Treasury, 6%
Financial Statements, 4%
Reconciliations, 4%
ACH, 3%

Common money manager skills

BSA, 18%
Anti-Money Laundering, 15%
Bank Secrecy Act, 11%
OFAC, 9%
Transaction Monitoring, 8%
Risk Management, 7%