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Posted On: January 8, 2018 by Henry R. Steele

The following article discusses the career path of Treasury Analyst. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Treasury Analysts.

Job Duties

Treasury analysts are responsible for the financial assets of the company. They ensure that the right financial decisions are made and that cash on hand is used in the right way. This includes placing a focus on any borrowed money. Furthermore, they make recommendations in relation to financial strategies that the company can employ to reach its goals. Mainly, they aim to make sure the company is financially stable and solvent.

They are also responsible for ensuring that the company is compliant with credits, are able to finance debt, and monitor and analyze reports on debt and bonds. They also have to make sure that all regulatory and corporate rules and regulations are adhered to, something they must also report on.

Treasury analysts also have to have a very strong financial understanding. They know about capital investment strategies and banking initiatives. They have to make complex decisions in relation to finances, for which they should use risk management and other data. They must have excellent communication skills, therefore, while also being able to use financial models in order to analyze different possible scenarios.

Other job duties of a treasury analyst are:

  • To be a mentor for junior analysts and to make sure team members have all their work managed
  • To be responsible for the banking of the company, determining which services are needed, and to look over account statements
  • To be responsible for the cash management strategy of the organization, preparing cash forecasting models
  • To conduct financial forecasts and analyses to ensure the business can make the right investment decisions
  • To communicate with legal staff and accounting to ensure the business is compliant with accounting policies and reporting procedures

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 296,100 financial analysts in 2016. The largest employers of these professionals are:

  • Securities, commodity contracts, and other financial investments and related activities: 24%
  • Professional, scientific, and technical services: 14%
  • Credit intermediation and related activities: 13%
  • Management of companies and enterprises: 12%
  • Insurance carriers and related activities: 7%

How to Become

A treasury analyst is usually expected to have a bachelor’s degree in business, economics, finance, accounting, or related field. They should also have experience in finance fields and financial planning. Furthermore, they must be highly computer literate. Although not required, many treasury analysts complete the master of business administration (MBA) and register as Certified Public Accountant (CPA).

Education Requirements

A bachelor’s degree is generally the minimum requirement. While a bachelor’s in finance is recommended, fields such as mathematics, statistics, economics, and accounting are also suitable. Licenses and certifications are also available and sometimes required by employers.

The main licensing body for the securities industry is the Financial Industry Regulatory Authority (FINRA). If a treasury analyst wishes to sell financial products, they will need to be licensed. To receive this license, employer sponsorship is required. This means that an analyst is not expected to already be licensed when they start a job.

Certification is not required but can be recommended depending on the position. The Chartered Financial Analyst (CFA), offered by the CFA Institute, is very popular. To obtain CFA certification, a treasury analyst must hold a bachelor’s degree, have four years of relevant professional experience, and pass three different examinations. They can also obtain further certification in specialty fields. Doing so will also greatly improve their advancement prospects.

Traits & Qualities

The most effective treasure analysts have the following traits to some degree or other:

  • Excellent analytical skills
  • Great communication skills, both verbal and written, particularly in relation to report writing and holding presentations
  • Computer skills, focusing also on financial analysis software
  • Strong decision making skills
  • Detail oriented
  • Excellent mathematical skills

Minimum Education

Bachelor’s Degree

National Salary

The national average salary estimate for Treasury Analyst was $68,044. This number is estimated from over 338,124 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $35.44 and monthly of $5,670.

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$24,000

$134,000

Salary Distribution

Salary by State

The following section lists Treasury Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Massachusetts had the largest quoted salary of $78,745 while Minnesota had the smallest quoted salary of $38,323.

Alabama Illinois Minnesota Pennsylvania
Arizona Indiana Missouri Tennessee
California Kentucky North Carolina Texas
Colorado Louisiana New Jersey Virginia
Connecticut Massachusetts New York Washington
DC Maryland Ohio
Florida Maine Oklahoma
Georgia Michigan Oregon
Alabama$52,030 Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like Accountemps.

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$23,000

$92,000

Salary Distribution
Arizona$60,657 Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like Spyglass Group Executive Search, Vaco, LLC, Ledgent Finance & Accounting, and VincentBenjamin.

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$30,000

$98,000

Salary Distribution
California$71,327 Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like CyberCoders, Robert Half Finance & Accounting, Accounting Principals, and Vaco, LLC.

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$27,000

$136,000

Salary Distribution
Colorado$65,637 Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$28,000

$118,000

Salary Distribution
Connecticut$67,516 Rank: 14th

The average salary ranks 14th among states in the country. There were also job openings from employers like GE Capital, Frink-Hamlett Legal Solutions, Execu|Search, and Michael Page.

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$23,000

$134,000

Salary Distribution
DC$70,149 Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and American University.

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$31,000

$125,000

Salary Distribution
Florida$62,576 Rank: 21st

The average salary ranks 21st among states in the country. There were also job openings from employers like NextWave Resources, Vaco, LLC, Robert Half Finance & Accounting, and Parker and Lynch.

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$15,000

$141,000

Salary Distribution
Georgia$68,519 Rank: 13th

The average salary ranks 13th among states in the country. There were also job openings from employers like The Bolton Group, Pareto Solutions Group, Robert Half Finance & Accounting, and Employment Atlanta – Recruiter.

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$23,000

$137,000

Salary Distribution
Illinois$68,823 Rank: 11th

The average salary ranks 11th among states in the country. There were also job openings from employers like Exelon, Parker and Lynch, Infinity Consulting Solutions, Inc., and Metra Railroad.

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$29,000

$124,000

Salary Distribution
Indiana$59,058 Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Creative Financial Staffing, Robert Half Finance & Accounting, and Accountemps.

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$23,000

$110,000

Salary Distribution
Kentucky$68,602 Rank: 12th

The average salary ranks 12th among states in the country. There were also job openings from employers like Vaco, LLC and Accountemps.

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$29,000

$125,000

Salary Distribution
Louisiana$49,308 Rank: 27th

The average salary ranks 27th among states in the country. There were also job openings from employers like State of Louisiana.

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$1,200

$9,000

Salary Distribution
Massachusetts$78,745 Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like KBW Financial, Kforce Finance and Accounting, Randstad Professionals, and AP Accounting & Finance.

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$31,000

$147,000

Salary Distribution
Maryland$60,554 Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like Kforce Finance and Accounting and Randstad Professionals.

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$29,000

$103,000

Salary Distribution
Maine$69,120 Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Mountain, Ltd.

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$18.00

$54.00

Salary Distribution
Michigan$69,512 Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, Venteon, Parker and Lynch, and Robert Half Finance & Accounting.

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$31,000

$123,000

Salary Distribution
Minnesota$38,323 Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Accountemps.

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$7.25

$40.45

Salary Distribution
Missouri$58,487 Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Kforce Finance and Accounting and Accountemps.

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$14,000

$133,000

Salary Distribution
North Carolina$67,474 Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like Vaco, LLC, Fairview Search Group, LLC, Robert Half Finance & Accounting, and Accountemps.

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$27,000

$126,000

Salary Distribution
New Jersey$73,315 Rank: 4th

The average salary ranks 4th among states in the country. There were also job openings from employers like Execu|Search, Robert Half Finance & Accounting, Parker and Lynch, and Robert Half Management Resources.

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$28,000

$138,000

Salary Distribution
New York$76,194 Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like MISSION STAFFING, Green Key Resources, Henderson Harbor Group, and Robert Walters.

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$25,000

$153,000

Salary Distribution
Ohio$67,253 Rank: 16th

The average salary ranks 16th among states in the country. There were also job openings from employers like NexGen Consultants, Kforce Finance and Accounting, Robert Half Finance & Accounting, and Vaco, LLC.

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$26,000

$128,000

Salary Distribution
Oklahoma$69,365 Rank: 9th

The average salary ranks 9th among states in the country. There were also job openings from employers like Accounting Principals.

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$33,000

$119,000

Salary Distribution
Oregon$43,276 Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like Accountemps.

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$10.45

$39.10

Salary Distribution
Pennsylvania$65,134 Rank: 18th

The average salary ranks 18th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, Robert Half Finance & Accounting, firstPRO Inc., and idexcel.

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$15,000

$149,000

Salary Distribution
Tennessee$63,507 Rank: 20th

The average salary ranks 20th among states in the country. There were also job openings from employers like The Judge Group, Vaco, LLC, and Accountemps.

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$19,000

$133,000

Salary Distribution
Texas$65,076 Rank: 19th

The average salary ranks 19th among states in the country. There were also job openings from employers like Vaco, LLC, Deacon Recruiting, Parker and Lynch, and TPI Staffing.

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$27,000

$119,000

Salary Distribution
Virginia$69,833 Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like Vaco, LLC, Robert Half Finance & Accounting, Adams & Garth, and ADAMS & GARTH EXECUTIVE STAFFING.

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$27,000

$132,000

Salary Distribution
Washington$73,417 Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Amazon.com, North Star Staffing Solutions, and Accountemps.

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$31,000

$134,000

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Treasury Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

Learn More

Related Careers

Career Name Average Salary
Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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