The average salary in the US for a treasury manager is $133,530.
How Does Tenure Impact Salary?
Years of Experience
Salary Range
Notes
1-3 Years
$85,000 – $115,000
Entry-level treasury managers, strong foundation in core treasury functions (cash flow management, bank relationships)
4-6 Years
$105,000 – $135,000
Solid experience in cash flow management, risk mitigation strategies, and potentially some international exposure.
7-10 Years
$125,000 – $155,000
Proven track record of success in treasury operations, potential leadership of a small treasury team or specific areas (e.g., cash forecasting, foreign exchange).
10+ Years
$145,000 – $180,000+
Extensive experience, strong leadership and communication skills, potential for Treasury Director roles or oversight of complex financial transactions.
1-3 Years
Salary Range
$85,000 – $115,000
Notes
Entry-level treasury managers, strong foundation in core treasury functions (cash flow management, bank relationships)
4-6 Years
Salary Range
$105,000 – $135,000
Notes
Solid experience in cash flow management, risk mitigation strategies, and potentially some international exposure.
7-10 Years
Salary Range
$125,000 – $155,000
Notes
Proven track record of success in treasury operations, potential leadership of a small treasury team or specific areas (e.g., cash forecasting, foreign exchange).
10+ Years
Salary Range
$145,000 – $180,000+
Notes
Extensive experience, strong leadership and communication skills, potential for Treasury Director roles or oversight of complex financial transactions.
* Complex financial instruments, derivatives, and global operations require sophisticated treasury management strategies. * Treasury managers need expertise in managing risk associated with interest rates, foreign exchange, and market volatility. * Highly regulated industry with strict financial reporting requirements necessitates strong compliance measures within treasury operations. * Financial services firms are willing to offer competitive salaries to attract and retain top treasury talent.
Manufacturing (Large, Multinational Companies)
* Large, global manufacturing companies have complex cash flow management needs due to international operations and supply chains. * Treasury managers need expertise in foreign exchange management, international payments, and trade finance. * Exposure to import/export regulations and potential political/economic risks in foreign markets. * Competitive salaries offered to attract skilled professionals who can manage the financial complexities of global manufacturing.
Energy & Utilities
* Capital-intensive industry with significant cash flow fluctuations due to commodity prices and infrastructure projects. * Treasury managers need to manage risk associated with energy market volatility and ensure sufficient liquidity. * Expertise in hedging strategies and financial modeling to navigate price fluctuations becomes crucial. * Competitive salaries offered to attract skilled professionals who can manage financial risks and ensure company stability.
Healthcare & Pharmaceuticals
* Growing healthcare industry requires strong cash flow management for research and development, clinical trials, and potential mergers & acquisitions. * Treasury managers need to be adaptable to navigate the evolving regulatory landscape and ensure compliance with healthcare financial regulations. * Expertise in managing large cash reserves and optimizing working capital becomes important. * Competitive salaries offered to attract skilled professionals who can manage the financial aspects of a growing and complex industry.
Technology (Software & Internet)
* Fast-paced industry with potential for high growth and frequent mergers & acquisitions, requiring dynamic treasury management. * Treasury managers need to manage cash flow associated with subscription-based revenue models and potential for high R&D expenses. * Expertise in managing short-term investments and cash forecasting becomes crucial for high-growth companies. * Competitive salaries offered to attract skilled professionals who can support strategic financial planning in a dynamic industry.
Justification
* Complex financial instruments, derivatives, and global operations require sophisticated treasury management strategies. * Treasury managers need expertise in managing risk associated with interest rates, foreign exchange, and market volatility. * Highly regulated industry with strict financial reporting requirements necessitates strong compliance measures within treasury operations. * Financial services firms are willing to offer competitive salaries to attract and retain top treasury talent.
Manufacturing (Large, Multinational Companies)
Justification
* Large, global manufacturing companies have complex cash flow management needs due to international operations and supply chains. * Treasury managers need expertise in foreign exchange management, international payments, and trade finance. * Exposure to import/export regulations and potential political/economic risks in foreign markets. * Competitive salaries offered to attract skilled professionals who can manage the financial complexities of global manufacturing.
Energy & Utilities
Justification
* Capital-intensive industry with significant cash flow fluctuations due to commodity prices and infrastructure projects. * Treasury managers need to manage risk associated with energy market volatility and ensure sufficient liquidity. * Expertise in hedging strategies and financial modeling to navigate price fluctuations becomes crucial. * Competitive salaries offered to attract skilled professionals who can manage financial risks and ensure company stability.
Healthcare & Pharmaceuticals
Justification
* Growing healthcare industry requires strong cash flow management for research and development, clinical trials, and potential mergers & acquisitions. * Treasury managers need to be adaptable to navigate the evolving regulatory landscape and ensure compliance with healthcare financial regulations. * Expertise in managing large cash reserves and optimizing working capital becomes important. * Competitive salaries offered to attract skilled professionals who can manage the financial aspects of a growing and complex industry.
Technology (Software & Internet)
Justification
* Fast-paced industry with potential for high growth and frequent mergers & acquisitions, requiring dynamic treasury management. * Treasury managers need to manage cash flow associated with subscription-based revenue models and potential for high R&D expenses. * Expertise in managing short-term investments and cash forecasting becomes crucial for high-growth companies. * Competitive salaries offered to attract skilled professionals who can support strategic financial planning in a dynamic industry.
How to Increase Your Salary
Obtain Advanced Certifications
Pursue advanced professional certifications such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA). These certifications are recognized globally and signify a deep understanding of complex financial instruments, risk management, and treasury functions.
According to surveys by the Association for Financial Professionals, Certified Treasury Professionals often command higher salaries. The AFP’s 2019 Compensation Survey highlights that finance professionals with the CTP designation earned up to 16% more than their non-certified peers.
Transition into Strategic Leadership Roles
Develop leadership skills and take on strategic roles within the organization, such as VP, Finance or Chief Financial Officer (CFO). These positions involve broader responsibilities and significant impact on organizational financial strategy.
Moving into higher management roles generally comes with a substantial increase in salary. According to Payscale data, professionals moving from Treasury Manager to higher positions like CFO can see their earnings grow significantly, often exceeding 50% of their previous salaries, depending on the company’s size and industry.
Gain Experience in International Finance Operations
Focus on gaining experience and expertise in managing international treasury operations. This specialization involves dealing with foreign exchange risks, cross-border cash management, and compliance with international financial regulations.
Treasury managers with skills in international finance are highly valued due to the complex nature of global transactions and the additional risks these pose. According to a survey by Robert Half, professionals with experience in international finance can command higher salaries due to the added complexity and increased responsibilities in managing global operations. Moreover, companies increasingly value treasury managers who can contribute to global strategy development and risk mitigation, often reflecting this in premium compensation packages.
