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The differences between fixed income 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 fixed income manager and a cash manager. Additionally, a fixed income manager has an average salary of $118,511, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a fixed income manager include fixed income, client relationships and risk management. The most important skills for a cash manager are customer service, cash management, and treasury.
| Fixed Income Manager | Cash Manager | |
| Yearly salary | $118,511 | $93,363 |
| Hourly rate | $56.98 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 39,734 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
To analyze, balance, set goals with the client, and ensure that these goals are achieved is the primary job of a fixed income manager. Fixed income managers are behind the monitoring of fixed-income investments, which are the options for people who like to invest but with less stress. They make investors understand how the system works, put up a specific amount, set forth the sail of the investment, and ensure that the expected earnings from it are received.
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.
Fixed income managers and cash managers have different pay scales, as shown below.
| Fixed Income Manager | Cash Manager | |
| Average salary | $118,511 | $93,363 |
| Salary range | Between $59,000 And $237,000 | Between $66,000 And $130,000 |
| Highest paying City | San Francisco, CA | Redding, CA |
| Highest paying state | Alaska | California |
| Best paying company | Bloomberg | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a fixed income manager and a cash manager in terms of educational background:
| Fixed Income Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fixed income managers' and cash managers' demographics:
| Fixed Income Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.0% Female, 26.0% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% 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% |