Treasury Manager Salary

Created by Henry Steele

By Henry Steele - January 8, 2018
Reading Time: 8 minutes
Reading Time: 8 minutes

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

Treasury Manager Job Duties

Treasury managers are responsible for the financial assets of the company. They ensure that the right financial decisions are made and that the 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, help 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.

They 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 manager 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 Treasury Manager’s Work

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

  • 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 Manager

Treasury managers are 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 managers complete the master of business administration (MBA) and register as Certified Public Accountant (CPA).

Treasury Manager 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 manager wishes to sell financial products, they will need to be licensed. To receive this license, employer sponsorship is required. This means that a manager 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.

Treasury Manager Traits & Qualities

The most effective treasury managers 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

Treasury Manager Minimum Education

Bachelor’s Degree

National Treasury Manager Salary

The national average salary estimate for Treasury Manager was $94,000. This number is estimated from over 228,724 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $48.96 and monthly of $7,833.

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$31,000

$191,000

Salary Distribution

Treasury Manager Salary by State

The following section lists Treasury Manager salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Mississippi had the largest quoted salary of $125,000 while DC had the smallest quoted salary of $57,039.

ArizonaIndianaMississippiSouth Carolina
CaliforniaKansasNorth CarolinaTennessee
ColoradoKentuckyNew HampshireTexas
ConnecticutLouisianaNew JerseyVirginia
DCMassachusettsNevadaWisconsin
FloridaMarylandNew York
GeorgiaMichiganOhio
IllinoisMinnesotaPennsylvania
Arizona$94,879Rank: 12th
The average salary ranks 12th among states in the country. There were also job openings from employers like Stephen James Associates, Inc., Accounting Career Network, Randstad Professionals, and Vaco, LLC.

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$37,000

$177,000

Salary Distribution
California$93,862Rank: 15th
The average salary ranks 15th among states in the country. There were also job openings from employers like Selby Jennings, NBN, Inc., Parker and Lynch, and Accounting Career Network.

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$30,000

$191,000

Salary Distribution
Colorado$78,170Rank: 27th
The average salary ranks 27th among states in the country. There were also job openings from employers like AVISPA LLC and FirstBank Holding Company.

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$23,000

$165,000

Salary Distribution
Connecticut$105,794Rank: 4th
The average salary ranks 4th among states in the country. There were also job openings from employers like Nomic, JCJ, LLC, and Robert Half Finance & Accounting.

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$48,000

$185,000

Salary Distribution
DC$57,039Rank: 29th
The average salary ranks 29th among states in the country. There were also job openings from employers like American University.

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$14,000

$146,000

Salary Distribution
Florida$79,903Rank: 25th
The average salary ranks 25th among states in the country. There were also job openings from employers like Ferreri Search, Robert Half Finance & Accounting, GREATER ORLANDO AVIATION AUTHORITY, and Ascendo Resources.

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$26,000

$163,000

Salary Distribution
Georgia$89,684Rank: 20th
The average salary ranks 20th among states in the country. There were also job openings from employers like The Intersect Group and Robert Half Finance & Accounting.

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$32,000

$176,000

Salary Distribution
Illinois$95,121Rank: 11th
The average salary ranks 11th among states in the country. There were also job openings from employers like Huxley Associates, Symicor Group, JCJ, LLC, and CyberCoders.

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$39,000

$175,000

Salary Distribution
Indiana$81,900Rank: 24th
The average salary ranks 24th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$37,000

$143,000

Salary Distribution
Kansas$84,829Rank: 22nd
The average salary ranks 22nd among states in the country. There were also job openings from employers like A-1 Careers and Accounting Career Network.

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$42,000

$132,000

Salary Distribution
Kentucky$90,030Rank: 19th
The average salary ranks 19th among states in the country. There were also job openings from employers like Vaco, LLC.

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$21,000

$206,000

Salary Distribution
Louisiana$93,995Rank: 14th
The average salary ranks 14th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$47,000

$146,000

Salary Distribution
Massachusetts$101,389Rank: 7th
The average salary ranks 7th among states in the country. There were also job openings from employers like KBW Financial and Kforce Finance and Accounting.

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$51,000

$160,000

Salary Distribution
Maryland$102,713Rank: 6th
The average salary ranks 6th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$38,000

$197,000

Salary Distribution
Michigan$94,588Rank: 13th
The average salary ranks 13th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, Venteon, and Manpower.

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$41,000

$170,000

Salary Distribution
Minnesota$90,797Rank: 18th
The average salary ranks 18th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$27,000

$192,000

Salary Distribution
Mississippi$125,000Rank: 1st
The average salary ranks 1st among states in the country. There were also job openings from employers like Talent Equity Group.

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$62,000

$188,000

Salary Distribution
North Carolina$99,331Rank: 9th
The average salary ranks 9th among states in the country. There were also job openings from employers like Selby Jennings.

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$39,000

$185,000

Salary Distribution
New Hampshire$105,052Rank: 5th
The average salary ranks 5th among states in the country. There were also job openings from employers like CyberCoders and CIG.

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$52,000

$159,000

Salary Distribution
New Jersey$106,489Rank: 3rd
The average salary ranks 3rd among states in the country. There were also job openings from employers like Perennial Resources International, Telesearch Incorporated., GSP International, and Parker+Lynch.

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$40,000

$203,000

Salary Distribution
Nevada$78,981Rank: 26th
The average salary ranks 26th among states in the country. There were also job openings from employers like Randstad and CyberCoders.

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$32,000

$147,000

Salary Distribution
New York$113,443Rank: 2nd
The average salary ranks 2nd among states in the country. There were also job openings from employers like Selby Jennings, Green Key Resources, WALL STREET OPTIONS, and JCJ, LLC.

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$41,000

$222,000

Salary Distribution
Ohio$82,791Rank: 23rd
The average salary ranks 23rd among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, Huntington Bank, and JCJ, LLC.

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$21,000

$184,000

Salary Distribution
Pennsylvania$100,063Rank: 8th
The average salary ranks 8th among states in the country. There were also job openings from employers like Aspire.

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$42,000

$181,000

Salary Distribution
South Carolina$92,263Rank: 16th
The average salary ranks 16th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.

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$41,000

$164,000

Salary Distribution
Tennessee$64,188Rank: 28th
The average salary ranks 28th among states in the country. There were also job openings from employers like Randstad.

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$14,000

$162,000

Salary Distribution
Texas$91,692Rank: 17th
The average salary ranks 17th among states in the country. There were also job openings from employers like Selby Jennings, Robert Half Finance & Accounting, Parker+Lynch, and Parker and Lynch.

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$21,000

$211,000

Salary Distribution
Virginia$96,980Rank: 10th
The average salary ranks 10th among states in the country. There were also job openings from employers like KForce Client (Permanent), Kforce, and Robert Half Finance & Accounting.

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$40,000

$178,000

Salary Distribution
Wisconsin$84,886Rank: 21st
The average salary ranks 21st among states in the country. There were also job openings from employers like Accounting Career Network, Baker Tilly Search & Staffing, LLC, and Buckingham Search.

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$22,000

$187,000

Salary Distribution

Top 20 National Treasury Manager Employers

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

Employer NameLocationAverage Salary

Treasury Manager Learn More

Related Treasury Manager Careers

Career NameAverage Salary

Henry 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.

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