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The differences between cash managers and treasury 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 treasury manager. Additionally, a treasury manager has an average salary of $110,139, 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 treasury manager are cash management, treasury, and foreign exchange.
| Cash Manager | Treasury Manager | |
| Yearly salary | $93,363 | $110,139 |
| Hourly rate | $44.89 | $52.95 |
| Growth rate | 17% | 17% |
| Number of jobs | 60,517 | 64,423 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| 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 treasury manager is primarily in charge of supervising the cash flow of all financial activities in a company, ensuring accuracy and efficiency. Their responsibilities typically revolve around devising strategies to optimize financial procedures, monitoring the costs and expenditures of different departments, performing audits and risk assessments, and coordinating with various offices to gather necessary financial data. Furthermore, as a financial manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Cash managers and treasury managers have different pay scales, as shown below.
| Cash Manager | Treasury Manager | |
| Average salary | $93,363 | $110,139 |
| Salary range | Between $66,000 And $130,000 | Between $77,000 And $156,000 |
| Highest paying City | Redding, CA | White Plains, NY |
| Highest paying state | California | New York |
| Best paying company | PVH | Meta |
| Best paying industry | Manufacturing | Automotive |
There are a few differences between a cash manager and a treasury manager in terms of educational background:
| Cash Manager | Treasury Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between cash managers' and treasury managers' demographics:
| Cash Manager | Treasury Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 63.3% Female, 36.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |