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Treasury manager vs treasury analyst

The differences between treasury managers and treasury analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a treasury manager, becoming a treasury analyst takes usually requires 2-4 years. Additionally, a treasury manager has an average salary of $110,139, which is higher than the $72,667 average annual salary of a treasury analyst.

The top three skills for a treasury manager include cash management, treasury and foreign exchange. The most important skills for a treasury analyst are treasury, cash management, and ACH.

Treasury manager vs treasury analyst overview

Treasury ManagerTreasury Analyst
Yearly salary$110,139$72,667
Hourly rate$52.95$34.94
Growth rate17%9%
Number of jobs64,42350,817
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 76%
Average age4640
Years of experience84

What does a treasury manager do?

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.

What does a treasury analyst do?

A treasury analyst is an individual who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates. They must present monthly reports and daily briefings on cash flows to senior management and provide advice on the financial operations of the movement of cash. Treasury analysts also update treasury policies and procedures for the organization to comply.

Treasury manager vs treasury analyst salary

Treasury managers and treasury analysts have different pay scales, as shown below.

Treasury ManagerTreasury Analyst
Average salary$110,139$72,667
Salary rangeBetween $77,000 And $156,000Between $52,000 And $100,000
Highest paying CityWhite Plains, NYSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyMetaGoogle
Best paying industryAutomotiveAutomotive

Differences between treasury manager and treasury analyst education

There are a few differences between a treasury manager and a treasury analyst in terms of educational background:

Treasury ManagerTreasury Analyst
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 76%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Treasury manager vs treasury analyst demographics

Here are the differences between treasury managers' and treasury analysts' demographics:

Treasury ManagerTreasury Analyst
Average age4640
Gender ratioMale, 63.3% Female, 36.7%Male, 51.1% Female, 48.9%
Race ratioBlack 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage11%7%

Differences between treasury manager and treasury analyst duties and responsibilities

Treasury manager example responsibilities.

  • Manage Bloomberg electronic trading environment with investment banks, dealers, develop and maintain investment database and all investment/bank/treasury systems.
  • Perform balance sheet account reconciliations, account analysis, accrual calculations, and other relate accounting documents/schedules.
  • Calculate monthly depreciation expense per GAAP.
  • Ensure regulatory compliance including spearheading implementation of Sarbanes-Oxley (SOX).
  • Draft SOX documentation for FX operation; identify weaknesses and provide recommendations.
  • Streamline and improve treasury processes and applications that increase efficiency, controls and accuracy of information.
  • Show more

Treasury analyst example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Administrate treasury /liquidity analysis, foreign currency transactions, EFT and ACH activity.
  • Serve as key decision-maker in management of corporate treasury functions for this brokerage service provider.
  • Perform month-end processes- including SOX quarterly compliance testing, internal controls testing for external auditors.
  • Perform cash forecasting activities to model future financial liquidity perform financial analysis to determine cash position, and daily bank reconciliations.
  • Compile foreign exchange rates for Hyperion team.
  • Show more

Treasury manager vs treasury analyst skills

Common treasury manager skills
  • Cash Management, 14%
  • Treasury, 13%
  • Foreign Exchange, 4%
  • Risk Management, 4%
  • Cash Flow, 4%
  • Treasury Operations, 3%
Common treasury analyst skills
  • Treasury, 17%
  • Cash Management, 16%
  • ACH, 5%
  • Treasury Operations, 4%
  • Reconciliations, 4%
  • Cash Flow, 3%

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