Cash Manager Salary

Nearly 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 $34K to $94K per year, and the average comes out to $62K per year. In the world of Cash Managers, overall income ranges from $34K near the bottom to $94K at the top; this can include more than $15K from bonuses and more than $4K from profit sharing in exceptional cases. Geography and tenure each impact pay for this group, with the former having the largest influence. A large number report receiving medical and dental coverage from their employers and a majority collect vision insurance. Work is enjoyable for Cash Managers, who typically claim high levels of job satisfaction. Men are in the minority of survey respondents, with female Cash Managers making up 70 percent. This report is based on answers to PayScale's salary questionnaire.

$40,834 - $91,891
(Median)
$41K
$62K
$92K
MEDIAN: $61,984
10%
50%
90%

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$9.84 - $25.47
(Median)
$9
$15
$25
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Salary
$40,834 - $91,891  
   
Bonus
$0.00 - $14,545  
Profit Sharing
$0.00 - $4,000  
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).
)
$34,341 - $93,735  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 254
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$16$32$48
Hourly Rate
$9.84 - $25.47  
   
Overtime
$6.12 - $42.89  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$32K$64K$96K
Bonus
$0.00 - $14,545  
   
Profit Sharing
$0.00 - $4,000  
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).
)
$34,341 - $93,735  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 44
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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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Cash Managers do not often transition into Treasury Manager roles. The role averages $86K per year.

Cash Manager Job Listings

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Survey takers who work as Cash Managers typically report just a few professional skills. Most notably, skills in Financial Analysis, Electronic Banking, Cash Flow Management, and Cash Handling are correlated to pay that is above average. Those listing Cash Handling and Cash Flow Management as skills, on the other hand, should be prepared for drastically lower pay. 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.


Salaries for the relatively untried average out to around $52K, but survey participants with five to 10 years of experience earn a significantly higher median of $65K. Cash Managers see a median salary of $68K after reaching one to two decades on the job. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $63K.

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 12%

Mid-Career
up arrow 7%

Late-Career
up arrow 4%

National Average
$61,000

Entry-Level
up arrow 15%

Skills That Affect Cash Manager Salaries

Financial Analysis
up arrow 3%

Electronic Banking
up arrow 1%

National Average
$61,000


Cash Handling
up arrow 48%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
21%
10-19 years
31%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
medical benefits
Vision: 64%
dental benefits
None: 13%
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