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The differences between treasury managers and risk 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 risk manager. Additionally, a risk manager has an average salary of $116,072, which is higher than the $110,139 average annual salary of a treasury manager.
The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a risk manager are oversight, risk assessments, and project management.
| Treasury Manager | Risk Manager | |
| Yearly salary | $110,139 | $116,072 |
| Hourly rate | $52.95 | $55.80 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,423 | 75,795 |
| Job satisfaction | - | - |
| 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 risk manager is responsible for analyzing potential risks that may affect the organization's operations, reputation, and market credibility. Risk managers identify risk controls and discuss business contingency plans for unforeseen circumstances to prevent delays in operational services. They also develop compliance training and programs for all the employees to provide them the awareness of the safety and security regulations within the company premises. A risk manager must have excellent communication and leadership skills, especially on handling and investigating cases that might compromise the business stability and financial status.
Treasury managers and risk managers have different pay scales, as shown below.
| Treasury Manager | Risk Manager | |
| Average salary | $110,139 | $116,072 |
| Salary range | Between $77,000 And $156,000 | Between $84,000 And $160,000 |
| Highest paying City | White Plains, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Meta | Credit Karma |
| Best paying industry | Automotive | Technology |
There are a few differences between a treasury manager and a risk manager in terms of educational background:
| Treasury Manager | Risk 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 risk managers' demographics:
| Treasury Manager | Risk Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 59.3% Female, 40.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |