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The differences between portfolio 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 portfolio manager and a cash manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a portfolio manager include portfolio management, customer service and risk management. The most important skills for a cash manager are customer service, cash management, and treasury.
| Portfolio Manager | Cash Manager | |
| Yearly salary | $114,671 | $93,363 |
| Hourly rate | $55.13 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 43,192 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A portfolio manager is responsible for managing the clients' investment portfolios to advise them of the best investment plans to achieve their financial goals and objectives. Portfolio managers determine the most suitable options by evaluating the clients' credit score and risk potential and the client's financial background. A portfolio manager should be highly knowledgeable and updated with the recent financial industry changes to decide on investment plans with maximum returns.
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.
Portfolio managers and cash managers have different pay scales, as shown below.
| Portfolio Manager | Cash Manager | |
| Average salary | $114,671 | $93,363 |
| Salary range | Between $66,000 And $198,000 | Between $66,000 And $130,000 |
| Highest paying City | Stamford, CT | Redding, CA |
| Highest paying state | Connecticut | California |
| Best paying company | The Citadel | PVH |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a portfolio manager and a cash manager in terms of educational background:
| Portfolio 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 portfolio managers' and cash managers' demographics:
| Portfolio Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.6% Female, 33.4% | 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% |