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Job outlook for cash managers in the United States
Cash manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected cash manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for cash managers are projected over the next decade.
Cash manager salaries have increased 10% for cash managers in the last 5 years.
There are over 3,834 cash managers currently employed in the United States.
There are 60,517 active cash manager job openings in the US.
The average cash manager salary is $93,363.
Are cash manager jobs in demand?
Cash manager job and salary trends over time
Cash manager jobs over time
Cash manager job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 3,834 | 0.00% |
| 2020 | 3,677 | 0.00% |
| 2019 | 3,686 | 0.00% |
| 2018 | 3,424 | 0.00% |
| 2017 | 3,205 | 0.00% |
Average cash manager salary over time
Cash manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $93,363 | $44.89 | +3.3% |
| 2025 | $90,378 | $43.45 | +1.5% |
| 2024 | $89,056 | $42.82 | +2.3% |
| 2023 | $87,031 | $41.84 | +2.7% |
| 2022 | $84,714 | $40.73 | +3.2% |
Cash manager jobs by state
Most common states for cash managers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 299 | 43% |
| 2 | Washington | 7,405,743 | 931 | 13% |
| 3 | Massachusetts | 6,859,819 | 831 | 12% |
| 4 | Delaware | 961,939 | 116 | 12% |
| 5 | California | 39,536,653 | 3,942 | 10% |
| 6 | Illinois | 12,802,023 | 1,300 | 10% |
| 7 | Virginia | 8,470,020 | 857 | 10% |
| 8 | Colorado | 5,607,154 | 587 | 10% |
| 9 | Maryland | 6,052,177 | 582 | 10% |
| 10 | Connecticut | 3,588,184 | 370 | 10% |
| 11 | Georgia | 10,429,379 | 973 | 9% |
| 12 | Arizona | 7,016,270 | 638 | 9% |
| 13 | Oregon | 4,142,776 | 359 | 9% |
| 14 | Utah | 3,101,833 | 282 | 9% |
| 15 | Alaska | 739,795 | 68 | 9% |
| 16 | New York | 19,849,399 | 1,618 | 8% |
| 17 | Pennsylvania | 12,805,537 | 1,006 | 8% |
| 18 | New Jersey | 9,005,644 | 733 | 8% |
| 19 | Arkansas | 3,004,279 | 238 | 8% |
| 20 | Rhode Island | 1,059,639 | 89 | 8% |
Most common cities for cash managers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Andover | 2 | 6% | $92,773 |
| 2 | Spring | 2 | 4% | $80,357 |
| 3 | Dearborn | 3 | 3% | $91,844 |
| 4 | Edmond | 3 | 3% | $86,287 |
| 5 | Hartford | 2 | 2% | $104,054 |
| 6 | Troy | 2 | 2% | $92,089 |
| 7 | Atlanta | 3 | 1% | $75,586 |
| 8 | Fort Lauderdale | 2 | 1% | $83,644 |
| 9 | Tampa | 2 | 1% | $85,595 |
| 10 | Chicago | 3 | 0% | $85,184 |
| 11 | New York | 3 | 0% | $97,237 |
| 12 | Colorado Springs | 2 | 0% | $75,920 |
| 13 | Denver | 2 | 0% | $75,435 |
| 14 | Fresno | 2 | 0% | $117,033 |
| 15 | Indianapolis | 2 | 0% | $77,268 |
| 16 | Jacksonville | 2 | 0% | $85,600 |
| 17 | Los Angeles | 2 | 0% | $109,872 |
| 18 | Phoenix | 2 | 0% | $85,217 |
Cash Manager job outlook: Expert opinions
Our panel of cash manager experts
Case Western Reserve University
DePaul University
Red Rocks Community College
Thomas King
Department Chair, Director, Master of Accountancy Program, Professor, AccountancyCase Western Reserve University
Accountancy Department
What soft skills should all Cash Managers possess?
Thomas King: The ability to develop working relationships with a wide range of colleagues who have diverse skills.
Will there be an enduring impact of the coronavirus pandemic on Cash Managers?
Delvin Grant: Yes. I strongly believe coronavirus will have a lasting impact on new graduates. A increasing paradigm shift is taking place as we speak, as some IT-related jobs can be done remotely. I expect the shift to continue until a steady state condition is achieved, when companies feel they have the right mix of remote and face-to-face employment. Some companies may resist the trend, valuing face-to-face over remote working. Face-to-face satisfies a human need to socialize and, in some cultures, much business is done by face-to-face. There is evidence of a paradigm shift as many IT employees work remotely, due to the pandemic. Some companies have realized the shift is here to stay and others take a wait and see attitude. It is hard not to recognize the shift as there are cost saving from office rent, office space, heating, cooling, computing cost, travel costs, etc. The impact will vary by profession. IT and other professions are a natural fit for remote working while others are not. For example, a chemist working in a lab environment cannot work from home as his lab is the only place to mix and experiment with chemicals and chemistry.
Janet Tarase
Lead Accounting Faculty / Accounting Department ChairRed Rocks Community College
Accounting Department
What are the biggest trends we'll see in the Cash Manager job market given the pandemic?
Janet Tarase: Even though over 7 million people are currently unemployed, employers still need individuals to maintain their operations. Human Resource departments are recruiting individuals through social media platforms. My daughter works in HR recruiting and they only use LinkedIn. Companies are using video or phone interviews to select candidates. Which means that potential candidates have to communicate effectively and make a good first impression quickly.
Employers will be looking for individuals that have proven communication, organizational and time management skills that are able to work independently since telecommuting will be continuing in the future. Applicants will also need to have technological and critical thinking skills to manage the challenges presented while working from home. Because of the pandemic and so many of us having to work from home, companies may broaden their recruiting geography to find the best candidates out of state or in different time zones. Finally, employees need to be flexible and resilient - you never know what the next job requirement will demand.