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Job outlook for treasury managers in the United States
Treasury manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected treasury manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for treasury managers are projected over the next decade.
Treasury manager salaries have increased 10% for treasury managers in the last 5 years.
There are over 9,179 treasury managers currently employed in the United States.
There are 64,423 active treasury manager job openings in the US.
The average treasury manager salary is $110,139.
Are treasury manager jobs in demand?
Treasury manager job and salary trends over time
Treasury manager jobs over time
Treasury manager job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 9,179 | 0.00% |
| 2020 | 7,713 | 0.00% |
| 2019 | 7,733 | 0.00% |
| 2018 | 9,031 | 0.00% |
| 2017 | 8,591 | 0.00% |
Average treasury manager salary over time
Treasury manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $110,139 | $52.95 | +3.3% |
| 2024 | $106,618 | $51.26 | +1.5% |
| 2023 | $105,058 | $50.51 | +2.3% |
| 2022 | $102,669 | $49.36 | +2.7% |
| 2021 | $99,936 | $48.05 | +3.2% |
Treasury manager jobs by state
Most common states for treasury managers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 264 | 38% |
| 2 | Massachusetts | 6,859,819 | 811 | 12% |
| 3 | Washington | 7,405,743 | 794 | 11% |
| 4 | Delaware | 961,939 | 103 | 11% |
| 5 | Virginia | 8,470,020 | 806 | 10% |
| 6 | Illinois | 12,802,023 | 1,206 | 9% |
| 7 | Maryland | 6,052,177 | 558 | 9% |
| 8 | Colorado | 5,607,154 | 510 | 9% |
| 9 | Connecticut | 3,588,184 | 318 | 9% |
| 10 | Rhode Island | 1,059,639 | 97 | 9% |
| 11 | California | 39,536,653 | 3,231 | 8% |
| 12 | New York | 19,849,399 | 1,559 | 8% |
| 13 | Minnesota | 5,576,606 | 452 | 8% |
| 14 | Oregon | 4,142,776 | 336 | 8% |
| 15 | Utah | 3,101,833 | 246 | 8% |
| 16 | Pennsylvania | 12,805,537 | 853 | 7% |
| 17 | New Jersey | 9,005,644 | 663 | 7% |
| 18 | Missouri | 6,113,532 | 414 | 7% |
| 19 | Montana | 1,050,493 | 71 | 7% |
| 20 | Alaska | 739,795 | 49 | 7% |
Most common cities for treasury managers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Coral Gables | 2 | 4% | $91,992 |
| 2 | Frankfort | 1 | 4% | $92,445 |
| 3 | Andover | 1 | 3% | $119,341 |
| 4 | Annapolis | 1 | 3% | $118,464 |
| 5 | Alpharetta | 1 | 2% | $100,392 |
| 6 | Atlanta | 3 | 1% | $100,185 |
| 7 | Cambridge | 1 | 1% | $119,285 |
| 8 | Hartford | 1 | 1% | $120,594 |
| 9 | Lansing | 1 | 1% | $115,525 |
| 10 | Little Rock | 1 | 1% | $92,541 |
| 11 | Chicago | 2 | 0% | $109,276 |
| 12 | Phoenix | 2 | 0% | $98,535 |
| 13 | San Francisco | 2 | 0% | $122,346 |
| 14 | Baton Rouge | 1 | 0% | $108,788 |
| 15 | Boston | 1 | 0% | $119,303 |
| 16 | Des Moines | 1 | 0% | $95,400 |
| 17 | Gilbert | 1 | 0% | $98,378 |
| 18 | Indianapolis | 1 | 0% | $97,660 |
Treasury Manager job outlook: Expert opinions
Our panel of treasury manager experts
University of Arkansas
Case Western Reserve University
Loyola University Maryland
South College
Rhode Island College
Red Rocks Community College
Kris Allee Ph.D.
Associate Professor, Doyle Z. Williams Chair in Professional AccountingUniversity of Arkansas
Accounting Department
What skills will help Treasury Managers earn the most?
Kris Allee Ph.D.: Certainly, passing the CPA exam is a must, as it is considered a necessary condition for advancement. Passing the exam also helps certify the minimum level of skills the person may possess. Financial analysis skills are also highly valued and hard to find in the average staff accountant. These skills traditionally would include computing, quantitative analysis, and understanding forecasting techniques and limitations. Finally, communication skills and the ability to effectively manage expectations and projects are what make an accountant indispensable and valuable to a firm.
Thomas King
Department Chair, Director, Master of Accountancy Program, Professor, AccountancyCase Western Reserve University
Accountancy Department
What hard/technical skills are most important for Treasury Managers?
Thomas King: The ability to extract information from unfamiliar data sets and then explain conclusions reached in a clear, persuasive manner.
Dr. JP Krahel Ph.D.
Associate Professor of Accounting, Accounting Department ChairLoyola University Maryland
Accounting Department
What technical skills for a Treasury Manager stand out to employers?
Dr. JP Krahel Ph.D.: First, Excel. It's the most basic, essential tool for the accounting professional. If you can come in on Day 1 knowing essential keyboard shortcuts, proper formula and reference use, and how to format a spreadsheet properly, you'll have an immediate advantage over your peers.
Second, believe it or not, is writing. People think that accounting is all about numbers, but really, it's less about the math (which Excel does for you) and more about being able to explain the deeper meaning behind the results. Can you explain complex depreciation methods to an audit client? Give bad news to a tax client in an understandable way? These are big deals.
Third is data analytics. Given the immense volume of data now available to firms, someone who can extract, clean, and present that data using modern software tools will have an edge. It's really another form of communication, and one that early-career accounting professionals would do well to familiarize themselves with before entering the workforce.
What Treasury Manager skills would you recommend for someone trying to advance their career?
D. Pace Porter: I am not a big fan of an accounting graduate, or any graduate for that matter, taking a gap year, but I understand if one must due to family or other legitimate reasons. You are entering a profession, not just seeking a job, so enter that profession. The accounting profession, including accounting, audit and tax disciplines, constantly changes. Therefore, it would be critical to stay on top of those technical changes in a gap year. Studies have clearly demonstrated that it is best to take the CPA exam as soon after graduation or completion of sufficient academic hours as possible. You can stay current through readings of professional journals and other resources. Other skills to enhance would include the "soft skills" of communication, critical thinking and analysis, and creativity.
What general advice would you give to a Treasury Manager?
Sean Cote: Enjoy every day.
Learn from everything you do in your job. Especially when you make mistakes. I did a triathlon two years ago. It took a ton of training for me to be ready for this race. Was I good at anything that was part of the triathlon? Nope, in fact, I HATE running and biking. But I knew that if I put my mind to it, and worked hard, I could finish this race... and I did! The same thing applies to your career. Work hard and put your mind to it and you can reach your long-term career goals. Good luck, graduates!
Janet Tarase
Lead Accounting Faculty / Accounting Department ChairRed Rocks Community College
Accounting Department
What are the biggest trends we'll see in the Treasury Manager job market given the pandemic?
Janet Tarase: Even though over 7 million people are currently unemployed, employers still need individuals to maintain their operations. Human Resource departments are recruiting individuals through social media platforms. My daughter works in HR recruiting and they only use LinkedIn. Companies are using video or phone interviews to select candidates. Which means that potential candidates have to communicate effectively and make a good first impression quickly.
Employers will be looking for individuals that have proven communication, organizational and time management skills that are able to work independently since telecommuting will be continuing in the future. Applicants will also need to have technological and critical thinking skills to manage the challenges presented while working from home. Because of the pandemic and so many of us having to work from home, companies may broaden their recruiting geography to find the best candidates out of state or in different time zones. Finally, employees need to be flexible and resilient - you never know what the next job requirement will demand.