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The differences between treasury managers and finance 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 finance manager. Additionally, a treasury manager has an average salary of $110,139, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Treasury Manager | Finance Manager | |
| Yearly salary | $110,139 | $101,374 |
| Hourly rate | $52.95 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,423 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| 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 finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Treasury managers and finance managers have different pay scales, as shown below.
| Treasury Manager | Finance Manager | |
| Average salary | $110,139 | $101,374 |
| Salary range | Between $77,000 And $156,000 | Between $71,000 And $144,000 |
| Highest paying City | White Plains, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Meta | Barclays |
| Best paying industry | Automotive | Finance |
There are a few differences between a treasury manager and a finance manager in terms of educational background:
| Treasury Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between treasury managers' and finance managers' demographics:
| Treasury Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 60.0% Female, 40.0% |
| 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, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |