Cash Manager Salary

Cash Managers who are practiced in their profession and carry more than 10 years of experience make up one-half of Cash Managers. Pay fluctuates from $34K to $94K per year, but expected earnings average $62K per year. In the world of Cash Managers, total cash compensation can vary between $34K and $94K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $15K and $4K, respectively. Geography and years of experience each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female Cash Managers making up 70 percent. A large number receive medical and dental insurance and a majority get vision insurance. For the most part, Cash Managers enjoy their work and report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$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 often transition into Treasury Manager positions, for which compensation tends to be much higher. On average, Treasury Managers earn $86K per year.

Cash Manager Job Listings

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Professional skills reported by Cash Managers are few in number. Most notably, skills in Financial Analysis, Electronic Banking, Cash Flow Management, and Cash Handling are correlated to pay that is above average. Cash Handling and Cash Flow Management, on the other hand, are typically associated with much lower pay. Many workers who know Cash Flow Management also know 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. After working for 10 to 20 years, Cash Managers make a median salary of $68K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $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.

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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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