Cash Manager Salary

With around 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 $93K per year and averages out to $61K per year. Cash earnings for Cash Managers — which occasionally include more than $14K from bonuses and more than $5K from profit sharing — stretch from around $36K to approximately $93K. 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. 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. This report is based on responses to the PayScale salary survey.

$40,403 - $87,434
(Median)
$40K
$61K
$87K
MEDIAN: $61,032
10%
50%
90%

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$9.71 - $27.98
(Median)
$9
$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
$40,403 - $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).
)
$36,034 - $92,588  
Country: United States | Currency: USD | Updated: 20 Jun 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
$9.71 - $27.98  
   
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).
)
$36,034 - $92,588  
Country: United States | Currency: USD | Updated: 20 Jun 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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Survey results show that Cash Managers typically report just a few professional skills. Those who have experience with Financial Analysis, Electronic Banking, and Cash Flow Management can expect to be compensated well for these skills. At the other end of the pay range are skills like Cash Flow Management. Aptitude in Cash Flow Management tends to also indicate an understanding of Financial Analysis.

Pay by Experience Level for Cash Manager

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


Survey participants with less than five years' experience pocket $52K on average, but those with five to 10 years of experience enjoy a much bigger median of $66K. Cash Managers who work for 10 to 20 years in their occupation tend to earn about $68K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $64K.

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 9%

Late-Career
up arrow 5%

National Average
$60,000

Entry-Level
up arrow 14%

Skills That Affect Cash Manager Salaries

Financial Analysis
up arrow 2%

Electronic Banking
up arrow 1%

National Average
$60,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 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: 62% employee benefits None: 13%
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