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Cash Manager Salary

With more than 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 $92K per year and averages out to $61K annually. In the world of Cash Managers, total cash compensation can vary between $36K and $92K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $14K and $5K, respectively. Residence is the biggest factor affecting pay for this group, followed by years of experience. Most Cash Managers survey respondents are women (74 percent). Most Cash Managers like their work and job satisfaction is high. Most receive medical and dental insurance and the greater part get vision insurance. This snapshot results from replies to PayScale's salary survey.

$40,611 - $88,223
(Median)
$41K
$61K
$88K
MEDIAN: $61,122
10%
50%
90%

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$10.06 - $26.75
(Median)
$10
$16
$27
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
$40,611 - $88,223  
   
Bonus
$0.00 - $13,969  
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).
)
$36,220 - $92,092  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 258
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
$10.06 - $26.75  
   
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 - $13,969  
   
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).
)
$36,220 - $92,092  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 35

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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 might see a strong upturn in salary after transitioning into upper-level roles such as Treasury Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $86K per year.

Cash Manager Job Listings

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Cash Managers report a focused set of job skills. 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. 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.


Workers in their first five years can expect to earn $51K, but people who have been around for five to 10 years earn a noticeably bigger sum of $66K. Cash Managers who work for 10 to 20 years in their occupation tend to earn about $68K. Survey participants with more than twenty years of experience only make around $66K 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

United States (change)

Experience Affects Cash Manager Salaries

Experienced
up arrow 12%

Late-Career
up arrow 10%

Mid-Career
up arrow 9%

National Average
$60,000

Entry-Level
up arrow 15%

Skills That Affect Cash Manager Salaries

Electronic Banking
up arrow 4%

Financial Analysis
up arrow 2%

National Average
$60,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
20%
10-19 years
33%
20 years or more
19%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 80%
vision benefits Vision: 63% employee benefits None: 13%