Treasurer vs corporate controller

The differences between treasurers and corporate controllers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a treasurer and a corporate controller. Additionally, a corporate controller has an average salary of $144,304, which is higher than the $80,467 average annual salary of a treasurer.

The top three skills for a treasurer include payroll, fraternity and bank accounts. The most important skills for a corporate controller are payroll, CPA, and GAAP.

Treasurer vs corporate controller overview

	Treasurer	Corporate Controller
Yearly salary	$80,467	$144,304
Hourly rate	$38.69	$69.38
Growth rate	17%	17%
Number of jobs	18,358	57,715
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 77%
Average age	46	46
Years of experience	8	8

What does a treasurer do?

The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.

What does a corporate controller do?

A corporate controller is an individual who is responsible for supervising the overall daily accounting operations of an organization. Integral to the financial health of the organization, corporate controllers are required to help the organization with strategic financial decisions through forecasting reports and financial statements. They oversee maintaining accounting records by keeping and storing them in an operable system. Corporate controllers are also required to manage the accounting operations of the organization's subsidiaries.

Treasurer vs corporate controller salary

Treasurers and corporate controllers have different pay scales, as shown below.

	Treasurer	Corporate Controller
Average salary	$80,467	$144,304
Salary range	Between $37,000 And $173,000	Between $99,000 And $209,000
Highest paying City	Cambridge, MA	San Francisco, CA
Highest paying state	Maine	California
Best paying company	Partners Group LTD	SideCars
Best paying industry	Manufacturing	Manufacturing

Differences between treasurer and corporate controller education

There are a few differences between a treasurer and a corporate controller in terms of educational background:

	Treasurer	Corporate Controller
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 77%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Treasurer vs corporate controller demographics

Here are the differences between treasurers' and corporate controllers' demographics:

	Treasurer	Corporate Controller
Average age	46	46
Gender ratio	Male, 48.0% Female, 52.0%	Male, 72.8% Female, 27.2%
Race ratio	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%	Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.4% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between treasurer and corporate controller duties and responsibilities

Treasurer example responsibilities.

Manage accounting department to include A/R and A/P staff.
Organize and manage several school functions/activities, assist school personnel, make PTA purchases, and balance the checkbook.
Trust with managing all financial accounts associate with the fraternity and prepare organized financial statements for all members and alumni.
Champion adoption of consent agenda procedure, streamlining meetings and improving overall effectiveness of alumni leadership.
Form PTO s 501 (c) 3 and prepare PTO s 990.
Calculate and submit the yearly HOA community tax forms.

Corporate controller example responsibilities.

Manage general accounting staff (A/P, A/R, & G/L), financial planning, reporting and analysis functions.
Direct and manage all aspects of the external audit, including implementation of Sarbanes-Oxley requirements.
Lead implementation of SyteLine ERP solution to replace outdate manufacturing software and streamline manufacturing and transaction processes.
Develop long-term financial/ operational strategy for high-tech company as well as managed accounting, finance, and treasury operations.
Facilitate maintenance of treasury and risk management activity serving as primary point of contact for all financially relate matters.
Implement procedures for standard journal entries, monthly reconciliations, account analysis and documentation to support the monthly reporting requirements.

Treasurer vs corporate controller skills

Common treasurer skills

Payroll, 14%
Fraternity, 8%
Bank Accounts, 8%
Community Services, 5%
Financial Transactions, 5%
QuickBooks, 4%

Common corporate controller skills

Payroll, 7%
CPA, 6%
GAAP, 6%
Internal Controls, 6%
External Auditors, 5%
General Ledger, 3%

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Treasurer vs Corporate Controller

Updated January 8, 2025

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