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The differences between institutional asset managers and cash managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become an institutional asset manager, becoming a cash manager takes usually requires 6-8 years. Additionally, a cash manager has an average salary of $93,363, which is higher than the $70,086 average annual salary of an institutional asset manager.
The top three skills for an institutional asset manager include patient care, IRB and clinical trials. The most important skills for a cash manager are customer service, cash management, and treasury.
| Institutional Asset Manager | Cash Manager | |
| Yearly salary | $70,086 | $93,363 |
| Hourly rate | $33.70 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 13,659 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Average age | 47 | 46 |
| Years of experience | 10 | 8 |
Institutional asset managers and cash managers have different pay scales, as shown below.
| Institutional Asset Manager | Cash Manager | |
| Average salary | $70,086 | $93,363 |
| Salary range | Between $41,000 And $117,000 | 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 an institutional asset manager and a cash manager in terms of educational background:
| Institutional Asset Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between institutional asset managers' and cash managers' demographics:
| Institutional Asset Manager | Cash Manager | |
| Average age | 47 | 46 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.6% American Indian and Alaska Native, 0.7% | 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 | 10% | 11% |