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The differences between treasury managers and treasurers 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 treasurer. Additionally, a treasury manager has an average salary of $110,139, which is higher than the $80,467 average annual salary of a treasurer.
The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a treasurer are payroll, fraternity, and bank accounts.
| Treasury Manager | Treasurer | |
| Yearly salary | $110,139 | $80,467 |
| Hourly rate | $52.95 | $38.69 |
| Growth rate | 17% | 17% |
| Number of jobs | 64,423 | 18,358 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| 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.
The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.
Treasury managers and treasurers have different pay scales, as shown below.
| Treasury Manager | Treasurer | |
| Average salary | $110,139 | $80,467 |
| Salary range | Between $77,000 And $156,000 | Between $37,000 And $173,000 |
| Highest paying City | White Plains, NY | Cambridge, MA |
| Highest paying state | New York | Maine |
| Best paying company | Meta | Partners Group LTD |
| Best paying industry | Automotive | Manufacturing |
There are a few differences between a treasury manager and a treasurer in terms of educational background:
| Treasury Manager | Treasurer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between treasury managers' and treasurers' demographics:
| Treasury Manager | Treasurer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 48.0% Female, 52.0% |
| 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, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |