Cash Manager Salary

One-half of Cash Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $36K to $93K per year, and the average comes out to $61K per year. Total cash compensation to Cash Managers approaches anywhere from $36K on the lower end to $93K on the higher end; in exceptional cases, this can include more than $14K from bonuses and upwards of $5K from profit sharing. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Female Cash Managers make up most of the survey respondents at 72 percent. For the most part, Cash Managers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage.

$40,403 - $87,434
(Median)
$40K
$61K
$87K
MEDIAN: $61,302
10%
50%
90%

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$9.68 - $29.09
(Median)
$9
$16
$29
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$31K$62K$93K
Salary
$40,403 - $87,434  
   
Bonus
$0.00 - $14,094  
Profit Sharing
$-0.50 - $4,848  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,014 - $92,644  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 252
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$17$34$51
Hourly Rate
$9.68 - $29.09  
   
Overtime
$3.88 - $48.75  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $14,094  
   
Profit Sharing
$-0.50 - $4,848  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,014 - $92,644  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 33
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Job Description for Cash Manager

The cash manager is a position that is generally sought after by a large variety of companies in many industries. The prospective employee will need several years of experience working in accounting and finance, with cash management and banking system experience being the most preferable. A bachelor's degree is generally required by most companies, specializing in accounting, finance, or another business field. However, a master's degree is preferable. Some companies will require that the cash manager also be a certified public accountant. A good understanding of the Microsoft Office suite of products would be very helpful.

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Cash Manager Tasks

  • Approve and release payments, investing or borrowing when required.
  • Track employee expenses, receipts, and other in-house expenditures.
  • Monitor cash flow, including account balances, cash movement, bills, and taxes.
  • Track profitability, risks and losses, letter of credit requirements, and other financial data.

Common Career Paths for Cash Manager


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Though it's uncommon, some Cash Managers move into roles as Treasury Managers, where pay is an average $86K per year.

Cash Manager Job Listings

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Job skills reported by Cash Managers are limited. Those who have experience with Financial Analysis, Electronic Banking, and Cash Flow Management can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Cash Flow Management. Competency in Cash Flow Management frequently indicates knowledge of Financial Analysis.

Pay by Experience Level for Cash Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The average worker who claims fewer than five years of experience earns around $52K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $66K. Cash Managers see a median salary of $68K after reaching one to two decades on the job. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Cash Managers report making only $64K on average.

Cash Manager Advice

What do you wish you knew about your job when you first started out?

Cash Manager in Raytown:
"Be Prepared For Overtime."
I took the position of Cash manager after the role was vacant for a month. A large amount of overtime was needed to get things` running smoothly. The role will be be repetitive since a large part of it is account reconciliation.

Related Job Salaries

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Experience Affects Cash Manager Salaries

Experienced
up arrow 13%

Mid-Career
up arrow 8%

Late-Career
up arrow 6%

National Average
$61,000

Entry-Level
up arrow 14%

Skills That Affect Cash Manager Salaries

Financial Analysis
up arrow 1%

Electronic Banking
up arrow 1%

National Average
$61,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
3%
1-4 years
25%
5-9 years
22%
10-19 years
31%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 78%
vision benefits Vision: 63% employee benefits None: 13%
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