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The differences between treasury managers and tax 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 tax manager. Additionally, a treasury manager has an average salary of $110,139, which is higher than the $96,100 average annual salary of a tax manager.
The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a tax manager are CPA, client relationships, and tax planning.
| Treasury Manager | Tax Manager | |
| Yearly salary | $110,139 | $96,100 |
| Hourly rate | $52.95 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,423 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| 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 Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Treasury managers and tax managers have different pay scales, as shown below.
| Treasury Manager | Tax Manager | |
| Average salary | $110,139 | $96,100 |
| Salary range | Between $77,000 And $156,000 | Between $70,000 And $131,000 |
| Highest paying City | White Plains, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Meta | Meta |
| Best paying industry | Automotive | Finance |
There are a few differences between a treasury manager and a tax manager in terms of educational background:
| Treasury Manager | Tax Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between treasury managers' and tax managers' demographics:
| Treasury Manager | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 58.5% Female, 41.5% |
| 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, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |