Cash Manager Salary

Cash Managers in the United States with more than 10 years of experience in their profession represent a little more than half of Cash Managers. Salaries average out to around $62K per year and spread from $36K to $92K per year. In the world of Cash Managers, overall income ranges from $36K near the bottom to $92K at the top; this can include more than $14K from bonuses and more than $5K from profit sharing in exceptional cases. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Cash Managers survey respondents are women (72 percent). The majority of Cash Managers claim high levels of job satisfaction.

$40,430 - $87,858

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$9.68 - $27.98

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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$31K$62K$93K
Salary
$40,430 - $87,858  
   
Bonus
$0.00 - $13,906  
Profit Sharing
$-0.50 - $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).
)
$35,853 - $92,231  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 253
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$17$34$51
Hourly Rate
$9.68 - $27.98  
   
Overtime
$3.88 - $48.75  
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$50K$100K$150K
Bonus
$0.00 - $13,906  
   
Profit Sharing
$-0.50 - $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).
)
$35,853 - $92,231  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 34
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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 who move on to become Treasury Managers may enjoy significant pay raises, as Treasury Managers get paid an average 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 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. Financial Analysis is a skill commonly found among those who know Cash Flow Management.

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 bring in $70K after working for 10 to 20 years. Cash Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $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

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Experience Affects Cash Manager Salaries

Experienced
up arrow 14%

Mid-Career
up arrow 8%

Late-Career
up arrow 6%

National Average
$61,000

Entry-Level
up arrow 15%

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 62 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
3%
1-4 years
24%
5-9 years
22%
10-19 years
31%
20 years or more
21%

Common Health Benefits

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