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The differences between treasury managers and collections 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 treasury manager and a collections manager. Additionally, a treasury manager has an average salary of $110,139, which is higher than the $59,529 average annual salary of a collections manager.
The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a collections manager are customer service, collection management, and portfolio.
| Treasury Manager | Collections Manager | |
| Yearly salary | $110,139 | $59,529 |
| Hourly rate | $52.95 | $28.62 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,423 | 44,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 51% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A treasury manager is primarily in charge of supervising the cash flow of all financial activities in a company, ensuring accuracy and efficiency. Their responsibilities typically revolve around devising strategies to optimize financial procedures, monitoring the costs and expenditures of different departments, performing audits and risk assessments, and coordinating with various offices to gather necessary financial data. Furthermore, as a financial manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
A collections manager is an individual who manages a staff of collectors whose job is to contact companies and individuals for the late payments on the products and services they have received. Collections managers oversee a company's process of retrieving money owed to them by assigning collectors to collect the money. They are required to handle customer complaints and must negotiate with customers about payment arrangements to ensure they are being paid. They also provide reports on the collection department's progress, statistics, and data analysis.
Treasury managers and collections managers have different pay scales, as shown below.
| Treasury Manager | Collections Manager | |
| Average salary | $110,139 | $59,529 |
| Salary range | Between $77,000 And $156,000 | Between $42,000 And $83,000 |
| Highest paying City | White Plains, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Meta | Amazon |
| Best paying industry | Automotive | Health Care |
There are a few differences between a treasury manager and a collections manager in terms of educational background:
| Treasury Manager | Collections Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 51% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between treasury managers' and collections managers' demographics:
| Treasury Manager | Collections Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.5% Asian, 7.3% White, 64.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |