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Cash Manager Salary

With close to one-half of Cash Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $36K to $91K per year and averages out to $61K per year. Including potential for bonuses and profit sharing — peaking near $14K and $5K, respectively — total cash payment to Cash Managers can bottom out near $36K or peak near $91K depending on individual performance. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Most Cash Managers survey respondents are women (77 percent). Medical and dental benefits are awarded to a large number, and a majority earn vision coverage. Most Cash Managers report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
$38,002 - $86,076
(Median)
38K
49K
61K
73K
86K
MEDIAN: $60,675
10%
25%
50%
75%
90%

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$10.02 - $28.44
(Median)
10
13
16
23
28
MEDIAN: $16.00
10%
25%
50%
75%
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
$38,002 - $86,076  
   
Bonus
$0.00 - $14,126  
Profit Sharing
$100.67 - $4,966  
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).
)
$35,556 - $90,887  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 249
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 - $28.44  
   
Overtime
$6.21 - $42.28  
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 - $14,126  
   
Profit Sharing
$100.67 - $4,966  
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).
)
$35,556 - $90,887  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 34
United States (change)

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 not the most common occurrence, Cash Managers sometimes become Treasury Managers, where the average income is $86K per year.

Cash Manager Job Listings

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Professional skills reported by Cash Managers are few in number. Financial Analysis and Cash Flow Management are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Cash Flow Management. It is not unusual for someone who knows Cash Flow Management to be familiar with Financial Analysis as well.

Pay by Experience Level for Cash Manager

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


Relatively untried employees who have less than five years' experience make $51K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $66K. Cash Managers who work for 10 to 20 years in their occupation tend to earn about $69K. Survey participants with more than twenty years of experience only make around $63K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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

Experience Affects Cash Manager Salaries

Experienced
up arrow 15%

Mid-Career
up arrow 9%

Late-Career
up arrow 5%

National Average
$60,000

Entry-Level
up arrow 16%

Skills That Affect Cash Manager Salaries

National Average
$60,000

Financial Analysis
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 70 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
20%
10-19 years
31%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 82%
vision benefits Vision: 63% employee benefits None: 12%