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The differences between investments 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 an investments manager and a cash manager. Additionally, an investments manager has an average salary of $116,102, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for an investments manager include private equity, due diligence and real estate. The most important skills for a cash manager are customer service, cash management, and treasury.
| Investments Manager | Cash Manager | |
| Yearly salary | $116,102 | $93,363 |
| Hourly rate | $55.82 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 42,946 | 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 job of investment managers or fund managers is to help clients grow their money and achieve their financial and personal goals in life. Investment managers have a variety of responsibilities that often include handling all activities associated with managing client portfolios, monitoring performance measurement and transaction settlement, and determining the best strategy for investments. Also, you will be responsible for providing advice on investments and handling investments and investor decisions with discretion. As an investment manager, you are also expected to offer recommendations about investments.
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.
Investments managers and cash managers have different pay scales, as shown below.
| Investments Manager | Cash Manager | |
| Average salary | $116,102 | $93,363 |
| Salary range | Between $68,000 And $198,000 | Between $66,000 And $130,000 |
| Highest paying City | New York, NY | Redding, CA |
| Highest paying state | Alaska | California |
| Best paying company | Netflix | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an investments manager and a cash manager in terms of educational background:
| Investments 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 investments managers' and cash managers' demographics:
| Investments Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.5% Female, 34.5% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% 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% |