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The differences between finance project 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 project manager and a cash manager. Additionally, a finance project manager has an average salary of $105,050, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a finance project manager include project management, financial analysis and process improvement. The most important skills for a cash manager are customer service, cash management, and treasury.
| Finance Project Manager | Cash Manager | |
| Yearly salary | $105,050 | $93,363 |
| Hourly rate | $50.50 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 253,611 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance project manager handles the financial analysis of a project management process, including budgeting from the clients' requirements until the forecasting on project revenues. Finance project managers analyze financial statements and account transactions of a company, identifying business opportunities to generate more resources to increase revenue and profits. They create financial reports, recommending cost-reduction techniques to minimize loss while increasing the efficiency of the staff performance, strategizing procedures to maximize productivity, especially on meeting deadlines with high-quality deliverables.
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 project managers and cash managers have different pay scales, as shown below.
| Finance Project Manager | Cash Manager | |
| Average salary | $105,050 | $93,363 |
| Salary range | Between $73,000 And $150,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | California | California |
| Best paying company | Meta | PVH |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a finance project manager and a cash manager in terms of educational background:
| Finance Project Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and cash managers' demographics:
| Finance Project Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% 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% |