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The differences between finance 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 finance center manager and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $58,763 average annual salary of a finance center manager.
The top three skills for a finance center manager include customer service, exceptional client and financial services. The most important skills for a cash manager are customer service, cash management, and treasury.
| Finance Center Manager | Cash Manager | |
| Yearly salary | $58,763 | $93,363 |
| Hourly rate | $28.25 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 151,642 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The duties of a finance center manager depend on one's place or industry of employment. Typically, they are responsible for overseeing the operations of a financial center, ensuring everything is running smoothly. They are also responsible for performing clerical tasks such as producing progress reports and presentations, managing schedules, setting goals and deadlines, processing documents, and maintaining data and records of all financial activities. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
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.
Finance center managers and cash managers have different pay scales, as shown below.
| Finance Center Manager | Cash Manager | |
| Average salary | $58,763 | $93,363 |
| Salary range | Between $33,000 And $104,000 | 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 finance center manager and a cash manager in terms of educational background:
| Finance Center Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance center managers' and cash managers' demographics:
| Finance Center Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 49.1% Female, 50.9% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.7% Asian, 9.0% White, 64.2% 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% |