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Cash Manager Salary

Cash Managers who are practiced in their profession and carry more than 10 years of experience make up over one-half of Cash Managers. Pay fluctuates from $36K to $92K per year, but expected earnings average $61K per year. Total incomes of Cash Managers incorporate potential for, in a few cases, more than $14K from bonuses and close to $5K from profit sharing; these performance components cause packages to range between $36K and $92K. Career length 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. A large number get medical and dental insurance, and the greater part get vision plans, too. Job satisfaction for Cash Managers is high. Participants in PayScale's salary questionnaire provided the particulars of this report.

$40,094 - $87,659
(Median)
$40K
$61K
$88K
MEDIAN: $61,052
10%
50%
90%

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$10.02 - $27.98
(Median)
$10
$16
$28
MEDIAN: $16.00
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
$40,094 - $87,659  
   
Bonus
$0.00 - $14,094  
Profit Sharing
$102.13 - $4,894  
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).
)
$36,115 - $92,150  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 257
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$16$32$48
Hourly Rate
$10.02 - $27.98  
   
Overtime
$6.16 - $42.57  
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$32K$64K$96K
Bonus
$0.00 - $14,094  
   
Profit Sharing
$102.13 - $4,894  
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).
)
$36,115 - $92,150  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 34

Find Out Exactly What You Should Be Paid

United States (change)


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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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Many Cash Managers move into a Treasury Manager role, and folks who currently hold that position report a much higher median income of $86K per year.

Cash Manager Job Listings

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Cash Managers who responded to the survey indicated only a few skills that they use on the job. Those who have experience with Electronic Banking, Financial Analysis, and Cash Flow Management can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Cash Flow Management. Employees educated in Cash Flow Management are typically practiced in Financial Analysis, too.

Pay by Experience Level for Cash Manager

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


The average beginner in this position makes around $52K, but folks who have been around for five to 10 years see a markedly higher median salary of $66K. Cash Managers bring in $67K after working for 10 to 20 years. Cash Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $65K.

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

United States (change)

Experience Affects Cash Manager Salaries

Experienced
up arrow 11%

Mid-Career
up arrow 9%

Late-Career
up arrow 8%

National Average
$60,000

Entry-Level
up arrow 14%

Skills That Affect Cash Manager Salaries

Electronic Banking
up arrow 4%

Financial Analysis
up arrow 1%

National Average
$60,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
3%
1-4 years
25%
5-9 years
21%
10-19 years
32%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 79%
vision benefits Vision: 62% employee benefits None: 14%
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