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The differences between treasury managers and cost accounting 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 cost accounting manager. Additionally, a treasury manager has an average salary of $110,139, which is higher than the $89,286 average annual salary of a cost accounting manager.
The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a cost accounting manager are variance analysis, financial analysis, and reconciliations.
| Treasury Manager | Cost Accounting Manager | |
| Yearly salary | $110,139 | $89,286 |
| Hourly rate | $52.95 | $42.93 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,423 | 61,135 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| 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 cost accounting manager is responsible for analyzing and evaluating pricing and costing systems of the goods and services of an organization, ensuring its adherence to the internal guidelines and state regulations. Cost accounting managers review business and financial transactions to generate accounting reports for management reference. They also identify business opportunities that would provide revenue resources and profits by monitoring industry trends and public demands. A cost accounting manager must have excellent analytical skills and accounting principles knowledge, especially in resolving account and expense discrepancies.
Treasury managers and cost accounting managers have different pay scales, as shown below.
| Treasury Manager | Cost Accounting Manager | |
| Average salary | $110,139 | $89,286 |
| Salary range | Between $77,000 And $156,000 | Between $67,000 And $118,000 |
| Highest paying City | White Plains, NY | Boston, MA |
| Highest paying state | New York | Connecticut |
| Best paying company | Meta | Microsoft |
| Best paying industry | Automotive | Manufacturing |
There are a few differences between a treasury manager and a cost accounting manager in terms of educational background:
| Treasury Manager | Cost Accounting Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between treasury managers' and cost accounting managers' demographics:
| Treasury Manager | Cost Accounting Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 71.7% Female, 28.3% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 9.2% White, 64.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |