Finding accurate data on treasury analyst salaries can be challenging, leaving many finance professionals wondering if they're being paid fairly.
In this comprehensive guide, you'll get a detailed breakdown of pay scales across all levels of corporate treasury roles to better understand the earning potential.
We'll analyze how elements like location, company size, industry, and experience influence compensation, while also providing specific salary ranges for entry-level to senior positions. You'll gain data-backed insights to benchmark your earnings and take steps towards pay equity.
Unveiling the Treasury Analyst Salary Spectrum
Treasury Analyst Job Description: A Primer
Treasury analysts are financial professionals who support a company's treasury management operations. Their core responsibilities include:
- Monitoring cash positions and cash flow forecasts
- Analyzing financial risks related to currencies, interest rates, and commodities
- Preparing treasury reports and presentations for senior management
- Assisting with capital budgeting, cash investments, and corporate finance initiatives
- Developing treasury policies, controls, and procedures
In essence, treasury analysts help optimize an organization's liquidity, investments, financial risks, and capital structure. They play a vital role in ensuring strong corporate financial health.
Essential Skills and Qualifications for Optimal Pay
To earn higher pay scales, treasury analysts need proficiency in:
- Financial modeling and analysis
- Accounting principles
- Statistical analysis and data interpretation
- Risk management frameworks
- Treasury and cash flow management systems
- Communication, presentation, and reporting skills
Soft skills like analytical thinking, attention to detail, problem-solving, and collaboration are also key. Continuing education and relevant certifications can further boost salary potential.
The Pay Strategy: How Treasury Analyst Salaries are Structured
Treasury departments often use structured salary grading systems tied to an employee's experience and performance. For example:
- Treasury Analyst I - Entry-level, 0-2 years experience. Paid hourly or an average annual salary of $45,000-$65,000.
- Treasury Analyst II - 2-5 years experience. Average annual salary of $60,000-$85,000.
- Senior Treasury Analyst - 5+ years experience. Average annual salary of $75,000-$110,000.
Bonuses, equity compensation, and comprehensive benefits packages are common as well. Overall pay is also influenced by factors like company size, industry, location, and economic conditions.
What is a corporate treasury analyst?
A Treasury Analyst is a financial professional responsible for managing a company's cash flow, investments, financial planning and analysis, and other treasury functions.
Their primary duties include:
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Cash Flow Forecasting and Management: Developing cash flow forecasts to ensure the company has adequate cash on hand to meet its financial obligations. This involves analyzing historical cash flows, projected sales and expenses, capital requirements, debt payments, and other factors impacting cash balances.
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Investment Analysis: Researching, evaluating, and providing recommendations on short-term investments of excess cash to maximize returns while preserving capital and maintaining adequate liquidity. Common investment vehicles include money market funds, certificates of deposit (CDs), treasury bills, commercial paper, and short-term bond funds.
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Financial Planning and Analysis: Preparing long-range financial plans and budgets, performing variance analysis between actual and budgeted amounts, and advising management on financial performance and capital allocation decisions.
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Risk Management: Executing strategies such as currency and interest rate hedging to mitigate financial risks associated with business operations. This also includes insurance reviews and securing appropriate coverage.
The day-to-day work involves using spreadsheets and financial modeling software to analyze data, preparing reports, and presenting findings to senior executives to support strategic and operational decisions. Strong analytical, mathematical, and communication skills are needed to succeed as a treasury analyst.
The role provides exposure to various aspects of corporate finance and the typical career path can lead to treasurer, finance manager, financial planning and analysis manager, or chief financial officer positions.
How much does a treasury analyst make in the US?
According to the percentile salary data shown below, treasury analyst salaries can vary significantly depending on experience level:
| Percentile | Salary | Last Updated |
|---|---|---|
| 25th Percentile Treasury Analyst I Salary | $56,045 | December 27, 2023 |
| 50th Percentile Treasury Analyst I Salary | $62,657 | December 27, 2023 |
| 75th Percentile Treasury Analyst I Salary | $69,722 | December 27, 2023 |
| 90th Percentile Treasury Analyst I Salary | $76,155 | December 27, 2023 |
As we can see, an entry-level Treasury Analyst I in the 25th percentile earns around $56,000 per year. This increases to around $62,600 at the median 50th percentile. More experienced Treasury Analyst Is in the 75th and 90th percentile earn approximately $70,000 and $76,000 respectively.
These numbers provide helpful benchmarks for understanding the earning potential in treasury analyst roles based on skills and experience levels. Those just starting out can expect salaries around $56k, while more seasoned professionals are making up to $76k per year.
Of course, many factors impact salary beyond percentile experience levels. These can include:
- Geographic location
- Specific job responsibilities
- Company size and industry
- Bonuses and other compensation
So while these percentile salaries provide a general overview, actual earning potential can vary. Those aspiring to or currently in treasury analyst roles should research pay scales specific to their situation.
How much does a senior treasury analyst make in Miami?
The average Senior Treasury Analyst salary in Miami, FL is $89,800 as of December 2023. However, Senior Treasury Analyst salaries typically range between $80,200 and $101,400 in the area.
Some key factors that influence Senior Treasury Analyst pay in Miami include:
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Experience level: More experienced analysts tend to earn higher salaries. For example, a Senior Treasury Analyst with 5-10 years of experience may earn around $95,000 on average.
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Company size: Analysts at larger corporations generally earn more than those at smaller companies. Large multinational corporations may pay over $100k for this role.
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Industry: Industries like banking and finance tend to pay Senior Treasury Analysts higher salaries than other sectors.
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Education: Analysts with advanced credentials like an MBA or CFA may command higher pay.
In addition to base salary, Senior Treasury Analysts in Miami often receive bonuses and equity compensation. According to PayScale, total pay ranges from $87,500 on the low end up to $115,500 at the highest levels.
To maximize earning potential in this role, analysts should focus on building specialized expertise in areas like financial modeling, risk management, and regulatory compliance. Developing strong communication and analytical thinking skills can also boost their value in the job market.
Is a treasury analyst a good job?
Treasury analysts play a critical role in managing a company's financial health and stability. As such, it can be a rewarding career path for those interested in corporate finance, analysis, and strategy. Here are some key advantages of the treasury analyst role:
High Salary Potential
- The average salary for a treasury analyst in the US is approximately $65,000 per year. More experienced analysts can earn over $100k.
- Strong growth potential as you advance in your career and take on more responsibility. Senior-level treasury roles pay very competitively.
In-Demand Skill Set
- Treasury analyst skills like financial modeling, data analysis, forecasting, and risk management are highly valued in many industries. This versatility lends itself to good job prospects.
Career Development Opportunities
- Many large corporations have dedicated treasury departments and value this specialized expertise. This creates options to advance into senior corporate finance roles.
Job Security
- Treasury analysts provide essential support for business financial planning and stability. This is a recession-resilient role that tends to withstand economic downturns.
In summary, a career as a treasury analyst leverages very marketable expertise in corporate finance and analytics. The earning potential, career mobility, and job security make it an attractive profession for the right candidates. Aspiring analysts should hone technical and analytical skills to be competitive in the job market.
Dissecting Pay Scales: Treasury Analyst I to Treasury Analyst IV
Entry-Level Treasury Analyst I: Starting Salaries
The average starting salary for a Treasury Analyst I is typically between $45,000 and $65,000 paid annually or $3,750 to $5,420 monthly. Those just entering the field often begin in these junior roles focused on basic treasury operations and reporting.
As a Treasury Analyst I, responsibilities may include:
- Assisting with daily cash positioning and bank account reconciliations
- Preparing basic financial reports and analysis
- Supporting the team with administrative treasury tasks
With 0-2 years experience, Treasury Analyst Is earn on the lower end of the pay scale. However, strong performance can set the stage for salary growth.
Mid-Level Treasury Analyst II: Salary Growth
With 2-4 years experience, Treasury Analyst IIs step into more complex day-to-day treasury functions and can expect a salary between $55,000 and $85,000, paid monthly or annually.
In these mid-level roles, Treasury Analyst IIs take on additional responsibilities such as:
- Cash flow forecasting and analysis
- Managing treasury technology systems
- Streamlining processes and controls
Their specialized skills in the daily operations of treasury may command higher compensation compared to entry positions.
Experienced Treasury Analyst III: Advancing the Pay Scale
For Treasury Analyst IIIs with 4-7 years experience, pay scales advance to between $70,000 and $105,000 annually or $5,830 to $8,750 monthly.
In addition to excelling at daily treasury tasks, Treasury Analyst IIIs contribute to key areas like:
- Financial modeling, analysis, and reporting
- Cash flow projections and risk management
- Treasury policy and process improvements
Their advanced expertise and strategic input helps drive better treasury and financial decisions.
Senior Treasury Analyst IV: Peak Earnings
With 8 or more years under their belt, seasoned Treasury Analyst IVs can expect to be well-compensated with salaries from $90,000 up to $130,000+ paid annually or $7,500 to $10,830+ per month.
At this senior level, Treasury Analyst IVs take a strategic role with responsibilities such as:
- Developing treasury budgets, forecasts, and analytics
- Leading teams, projects, and system implementations
- Advising senior management on treasury best practices
Their specialized skills, leadership, and proven track record command the highest salaries for this role.
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Influences on Treasury Analyst Compensation
Industry Variations in Corporate Treasury
Treasury analyst salaries can vary significantly across industries. Those working in banking and financial services tend to earn the highest pay. For example, the average base salary for a treasury analyst at an investment bank is $85,000 per year. In the healthcare sector, the average is closer to $65,000. This likely reflects the higher profit margins and more complex cash management needs in banking.
Some key industry differences include:
- Banking/Financial Services - Highest pay ($80,000-$90,000 base) due to market risk management and complex cash investments
- Technology - Strong pay ($70,000-$80,000) due to large cash reserves and foreign currency management
- Healthcare - Lower than average pay ($60,000-$70,000) but good job security and benefits
So a treasury analyst switching from healthcare to banking could potentially increase their salary by over 30%. The tradeoff is that banking has more volatile hiring demand during recessions.
The Effect of Company Size on Pay Scales
In corporate treasury, company size is directly correlated to higher pay. Analysts at Fortune 500 firms can earn over 40% more than those at mid-size businesses.
For example, a treasury analyst with 5 years experience could earn:
- Up to $95,000 at a Fortune 500 firm
- Around $75,000 at a mid-size company
- $60,000 or less at a small business
Larger companies have more cash under management, so greater responsibility and risk for the analyst role. Mid-size firms focus more on core operations than financial investments and foreign exchange hedging.
So targeting analyst roles at major corporations or multinational companies is key for maximizing salary potential over an entire career.
Geographic Location and Cost of Living Considerations
Where the role is located also impacts treasury analyst pay scales. In high cost-of-living cities like San Francisco and New York, salaries can be up to 30% higher. Businesses adjust compensation to attract talent in expensive housing markets.
Some key regional differences:
- New York & San Francisco - $95,000+ average salary for senior analysts
- Chicago & Boston - Above national average at $75,000 to $85,000
- Dallas & Atlanta - National average of around $70,000
- Smaller Markets - $60,000 to $65,000 for most analyst roles
So living in a top-tier city like New York or San Francisco can boost pay substantially over one's career. Though keep in mind higher costs of living may offset some of those gains. For remote roles, salaries are set based on where the office or headquarters is located.
Addressing Pay Equity in Corporate Treasury
Quantifying the Gender Pay Gap in Treasury
Research shows that there is a significant gender pay gap among treasury analysts. According to a 2021 compensation study, the average salary for male treasury analysts was $85,000 annually, while female treasury analysts earned an average of $77,000 - nearly 10% less for the same role.
When accounting for years of experience, education levels, and other factors, a 5-7% pay gap persisted between men and women in equivalent treasury analyst positions. This indicates that gender likely plays a role in compensation discrepancies.
While subtle, these gaps can compound over the course of a career. For example, a female treasury analyst earning 5% less would miss out on nearly $50,000 in pay over a 10 year period.
Strategies for Achieving Pay Equity
Many leading corporations have pledged commitments and taken tangible steps towards pay equity:
- Implementing routine compensation audits segmented by gender, race, etc. to quantify and address disparities
- Establishing formal salary bands for each role based on clear, objective criteria
- Promoting salary transparency to reduce information asymmetry
- Providing unconscious bias training for hiring managers and compensation committees
- Setting diversity hiring goals and nurturing an inclusive work culture
Small changes can make a difference. If more employers follow suit with equitable pay policies, gender-based income inequality can be reduced.
Designing Competitive Compensation Packages
To attract and retain top talent, employers must offer competitive compensation packages to treasury analysts. This includes both monetary incentives like salary and bonuses as well as non-monetary benefits.
Understanding Bonus Structures and Incentives
Performance-based bonuses help motivate analysts and reward strong work. Common structures include:
- Annual bonuses based on individual and company performance metrics
- Spot bonuses for completing special projects
- Profit-sharing to give analysts a stake in the company's success
Many firms also provide signing bonuses, retention bonuses, and referral bonuses as needed.
Benefits Beyond the Paycheck: Health, Retirement, and More
Robust benefits like health insurance, retirement plans, and paid time off also factor into overall compensation. Packages may include:
- Health insurance (medical, dental, vision) with employer contributions
- 401(k) matching and pensions
- Flexible paid time off and remote work options
- Professional development funding
- Gym memberships or wellness perks
The right mix of pay and benefits attracts top performers to treasury analyst roles. Tailoring offerings to employee needs and benchmarks keeps compensation competitive.
Navigating Treasury Analyst Career Paths
From Treasury Analyst to Senior Treasury Analyst
To progress from a treasury analyst to a senior treasury analyst role, candidates typically need 3-5 years of experience in a corporate treasury position. During this time, analysts build expertise in areas like cash flow forecasting, investment analysis, debt and equity financing, and risk management.
To stand out for promotion, treasury analysts should:
- Consistently meet or exceed performance goals
- Take on additional responsibilities and projects
- Obtain relevant credentials like the CTP or FP&A certification
- Expand their technical skills in Excel, TMS systems, Python, SQL, etc.
- Improve soft skills like communication, leadership, and strategic thinking
As a senior treasury analyst, professionals can expect to take a more strategic role, oversee teams and projects, and have input into treasury policies and initiatives. The position offers greater autonomy and a typical pay increase of 10-20%.
The Leap into Treasury Management Positions
After 5+ years as a senior treasury analyst, professionals may be ready to transition into treasury management roles like:
- Assistant Treasurer
- Treasurer
- VP of Treasury Operations
- Chief Treasury Officer
In these positions, treasury analysts shift from conducting individual analyses to developing high-level strategies and overseeing entire treasury departments.
To qualify for treasury leadership roles, candidates must showcase:
- A proven track record of managing large-scale projects and teams
- Expert knowledge of treasury best practices, systems, and regulations
- Strong leadership abilities and executive presence
- Strategic thinking skills to identify and mitigate organizational risks
The leap into management expands treasury analysts' responsibilities and offers 20-50% higher compensation.
How to Become a Treasury Analyst: Education and Career Steps
The typical path to becoming a treasury analyst includes:
Education: Most treasury analyst jobs require a bachelor's degree in finance, accounting, economics or a related major. Coursework should cover areas like financial modeling, data analysis, portfolio management, and risk metrics. Internships in treasury or corporate finance also provide a strong stepping stone.
Getting Hired: Most treasury analysts start their careers in a junior corporate finance or FP&A role before specializing. To get hired, candidates should highlight technical abilities like spreadsheet modeling, SQL, and risk management software.
Career Progression: From junior roles, treasury analysts develop specialized skills in cash management, debt financing, investments, and risk mitigation. After 3-5 years, top performers can get promoted to senior treasury analyst positions. Further along, treasury analysts may transition into treasury management and executive positions.
The typical career path involves moving from hands-on financial analysis to overseeing entire treasury divisions and their strategic direction. With each step up, compensation and responsibilities increase.
Market Trends and Job Openings for Treasury Analysts
Current Job Openings for Treasury Analysts
The demand for skilled treasury analysts remains strong across various industries. According to recent data, there are over 1,500 open job postings for treasury analysts in the US alone. Key areas currently hiring include:
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Banking and Financial Services: Major banks and financial institutions have the highest demand, with cities like New York, Charlotte, Chicago seeing 100+ openings. JPMorgan Chase, Citi, Wells Fargo, and Bank of America frequently post treasury analyst roles.
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Technology and Software: Fast-growing tech companies like Microsoft, Oracle, Intuit, and SAP need treasury analysts for cash and risk management as they scale globally. Most openings are in tech hubs like San Francisco, Seattle, Austin.
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Manufacturing and Retail: Treasury analyst roles in FP&A, credit, and cash operations are in demand at manufacturers like Boeing, GM, Ford, GE, and retailers like Walmart, Amazon, Target.
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Accounting and Professional Services: The Big 4 accounting firms and consultancies like Deloitte, EY, PwC, and Accenture hire treasury analysts to support audit, tax, M&A, and risk consulting practices.
Understanding Employee Flight Risk in Treasury Roles
Retaining treasury analysts is crucial given the complex and business-critical nature of their work. However, their high visibility and access to sensitive financial data also makes them prime targets for competitor recruitment. Here's how companies gauge and mitigate flight risk:
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Benchmarking Compensation: Firms benchmark pay against peers and adjust based on performance, skills, and experience to align with market rates. This ensures compensation remains competitive.
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Career Development Opportunities: Providing clear advancement pathways to senior treasury or finance roles signals long-term prospects to retain analysts. This includes grooming high potentials for leadership pipelines.
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Work Culture Emphasis: Promoting work-life balance, diversity, and a collaborative instead of cutthroat culture makes roles more engaging and sticky for treasury analysts.
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Restrictive Exit Clauses: Certain firms require notice periods, non-competes, and forfeiture of stock awards to deter outside recruitment of treasury analysts possessing sensitive information.
Proactively managing flight risk is essential to minimize disruptive and expensive turnover among these critical finance professionals. Competitive compensation, career growth, culture, and restrictive clauses all play a role.
Conclusion: Synthesizing Treasury Analyst Salary Insights
In closing, here are the key takeaways regarding corporate treasury analyst salary expectations and growth opportunities:
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The average salary for a treasury analyst in the US ranges from $65,000 to $85,000 annually. This can vary based on location, industry, experience level, and specific job responsibilities.
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More experienced senior treasury analysts and those in managerial roles can expect to earn $90,000 to $120,000 or more per year.
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Bonuses, profit sharing, and other compensation can add 10-20% or more on top of base salaries for corporate treasury roles.
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Strong technical, analytical, and communication skills are highly valued for treasury analysts. Ongoing learning and professional development can boost earning potential over the course of a career.
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The field of corporate treasury management is projected to grow steadily in coming years, providing solid job prospects for qualified analysts. However, competition for top roles at major corporations will remain intense.
In summary, a motivated treasury analyst who continues gaining expertise and expanding their skillset can expect to be well-compensated and have good advancement opportunities over time. The specialized nature of the role also lends itself well to remote and freelance work options.
