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The differences between senior 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 senior portfolio manager and a cash manager. Additionally, a senior portfolio manager has an average salary of $115,805, which is higher than the $93,363 average annual salary of a cash manager.
The top three skills for a senior portfolio manager include portfolio management, risk management and project management. The most important skills for a cash manager are customer service, cash management, and treasury.
| Senior Portfolio Manager | Cash Manager | |
| Yearly salary | $115,805 | $93,363 |
| Hourly rate | $55.68 | $44.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 45,223 | 60,517 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior portfolio manager is responsible for evaluating the financial portfolios of clients to identify the best investment decisions accordingly. Senior portfolio managers conduct data and statistical analysis of the financial market performance to measure the value of financial instruments and funds. They manage the buying and selling of financial securities based on the clients' specifications and requirements and regularly following the market movement to meet the clients' best interests. A senior portfolio manager must have excellent analytical and leadership skills, especially in coordinating with portfolio analysts, to determine the best courses to minimize the clients' financial loss and risks.
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.
Senior portfolio managers and cash managers have different pay scales, as shown below.
| Senior Portfolio Manager | Cash Manager | |
| Average salary | $115,805 | $93,363 |
| Salary range | Between $67,000 And $199,000 | Between $66,000 And $130,000 |
| Highest paying City | Albany, NY | Redding, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Legal & General Investment Management America | PVH |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a senior portfolio manager and a cash manager in terms of educational background:
| Senior Portfolio Manager | Cash Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior portfolio managers' and cash managers' demographics:
| Senior Portfolio Manager | Cash Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | 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% |