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The differences between managers, asset management 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 manager, asset management and a cash manager. Additionally, a cash manager has an average salary of $93,363, which is higher than the $84,570 average annual salary of a manager, asset management.
The top three skills for a manager, asset management include asset management, process improvement and patient care. The most important skills for a cash manager are customer service, cash management, and treasury.
| Manager, Asset Management | Cash Manager | |
| Yearly salary | $84,570 | $93,363 |
| Hourly rate | $40.66 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 116,330 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A manager of asset management specializes in performing research and analysis to identify ideal asset investments for clients such as stocks, bonds, real estate, and other commodities. Their responsibilities revolve around liaising with clients to identify their needs and long-term goals, trading and managing investments upon clients' request or approval, assisting and monitoring asset acquisition, conducting risk analyses and assessments, and managing portfolios. Furthermore, as a manager, it is essential to lead and encourage the asset management team to reach goals, all while adhering to the company and clients' vision and mission.
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.
Managers, asset management and cash managers have different pay scales, as shown below.
| Manager, Asset Management | Cash Manager | |
| Average salary | $84,570 | $93,363 |
| Salary range | Between $49,000 And $145,000 | Between $66,000 And $130,000 |
| Highest paying City | Hartford, CT | Redding, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Willkie Farr & Gallagher | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a manager, asset management and a cash manager in terms of educational background:
| Manager, Asset Management | Cash Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers, asset management' and cash managers' demographics:
| Manager, Asset Management | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 57.2% Female, 42.8% | Male, 38.2% Female, 61.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% 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% |