The following article discusses the career path of Treasury Analyst. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Treasury Analysts.
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Job Duties
Treasury analysts are responsible for the financial assets of the company. They ensure that the right financial decisions are made and that cash on hand is used in the right way. This includes placing a focus on any borrowed money. Furthermore, they make recommendations in relation to financial strategies that the company can employ to reach its goals. Mainly, they aim to make sure the company is financially stable and solvent.
They are also responsible for ensuring that the company is compliant with credits, are able to finance debt, and monitor and analyze reports on debt and bonds. They also have to make sure that all regulatory and corporate rules and regulations are adhered to, something they must also report on.
Treasury analysts also have to have a very strong financial understanding. They know about capital investment strategies and banking initiatives. They have to make complex decisions in relation to finances, for which they should use risk management and other data. They must have excellent communication skills, therefore, while also being able to use financial models in order to analyze different possible scenarios.
Other job duties of a treasury analyst are:
- To be a mentor for junior analysts and to make sure team members have all their work managed
- To be responsible for the banking of the company, determining which services are needed, and to look over account statements
- To be responsible for the cash management strategy of the organization, preparing cash forecasting models
- To conduct financial forecasts and analyses to ensure the business can make the right investment decisions
- To communicate with legal staff and accounting to ensure the business is compliant with accounting policies and reporting procedures
Where We Work
According to the U.S. Bureau of Labor Statistics, there were 296,100 financial analysts in 2016. The largest employers of these professionals are:
- Securities, commodity contracts, and other financial investments and related activities: 24%
- Professional, scientific, and technical services: 14%
- Credit intermediation and related activities: 13%
- Management of companies and enterprises: 12%
- Insurance carriers and related activities: 7%
How to Become
A treasury analyst is usually expected to have a bachelor’s degree in business, economics, finance, accounting, or related field. They should also have experience in finance fields and financial planning. Furthermore, they must be highly computer literate. Although not required, many treasury analysts complete the master of business administration (MBA) and register as Certified Public Accountant (CPA).
Education Requirements
A bachelor’s degree is generally the minimum requirement. While a bachelor’s in finance is recommended, fields such as mathematics, statistics, economics, and accounting are also suitable. Licenses and certifications are also available and sometimes required by employers.
The main licensing body for the securities industry is the Financial Industry Regulatory Authority (FINRA). If a treasury analyst wishes to sell financial products, they will need to be licensed. To receive this license, employer sponsorship is required. This means that an analyst is not expected to already be licensed when they start a job.
Certification is not required but can be recommended depending on the position. The Chartered Financial Analyst (CFA), offered by the CFA Institute, is very popular. To obtain CFA certification, a treasury analyst must hold a bachelor’s degree, have four years of relevant professional experience, and pass three different examinations. They can also obtain further certification in specialty fields. Doing so will also greatly improve their advancement prospects.
Traits & Qualities
The most effective treasure analysts have the following traits to some degree or other:
- Excellent analytical skills
- Great communication skills, both verbal and written, particularly in relation to report writing and holding presentations
- Computer skills, focusing also on financial analysis software
- Strong decision making skills
- Detail oriented
- Excellent mathematical skills
Minimum Education
Bachelor’s Degree
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$24,000
$134,000
The following section lists Treasury Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Massachusetts had the largest quoted salary of $78,745 while Minnesota had the smallest quoted salary of $38,323.
| Alabama – $52,030 | Rank: 26th |
The average salary ranks 26th among states in the country. There were also job openings from employers like Accountemps.
$23,000 $92,000 Salary Distribution | |
| Arizona – $60,657 | Rank: 22nd |
The average salary ranks 22nd among states in the country. There were also job openings from employers like Spyglass Group Executive Search, Vaco, LLC, Ledgent Finance & Accounting, and VincentBenjamin.
$30,000 $98,000 Salary Distribution | |
| California – $71,327 | Rank: 5th |
The average salary ranks 5th among states in the country. There were also job openings from employers like CyberCoders, Robert Half Finance & Accounting, Accounting Principals, and Vaco, LLC.
$27,000 $136,000 Salary Distribution | |
| Colorado – $65,637 | Rank: 17th |
The average salary ranks 17th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting.
$28,000 $118,000 Salary Distribution | |
| Connecticut – $67,516 | Rank: 14th |
The average salary ranks 14th among states in the country. There were also job openings from employers like GE Capital, Frink-Hamlett Legal Solutions, Execu|Search, and Michael Page.
$23,000 $134,000 Salary Distribution | |
| DC – $70,149 | Rank: 6th |
The average salary ranks 6th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and American University.
$31,000 $125,000 Salary Distribution | |
| Florida – $62,576 | Rank: 21st |
The average salary ranks 21st among states in the country. There were also job openings from employers like NextWave Resources, Vaco, LLC, Robert Half Finance & Accounting, and Parker and Lynch.
$15,000 $141,000 Salary Distribution | |
| Georgia – $68,519 | Rank: 13th |
The average salary ranks 13th among states in the country. There were also job openings from employers like The Bolton Group, Pareto Solutions Group, Robert Half Finance & Accounting, and Employment Atlanta – Recruiter.
$23,000 $137,000 Salary Distribution | |
| Illinois – $68,823 | Rank: 11th |
The average salary ranks 11th among states in the country. There were also job openings from employers like Exelon, Parker and Lynch, Infinity Consulting Solutions, Inc., and Metra Railroad.
$29,000 $124,000 Salary Distribution | |
| Indiana – $59,058 | Rank: 24th |
The average salary ranks 24th among states in the country. There were also job openings from employers like Creative Financial Staffing, Robert Half Finance & Accounting, and Accountemps.
$23,000 $110,000 Salary Distribution | |
| Kentucky – $68,602 | Rank: 12th |
The average salary ranks 12th among states in the country. There were also job openings from employers like Vaco, LLC and Accountemps.
$29,000 $125,000 Salary Distribution | |
| Louisiana – $49,308 | Rank: 27th |
The average salary ranks 27th among states in the country. There were also job openings from employers like State of Louisiana.
$1,200 $9,000 Salary Distribution | |
| Massachusetts – $78,745 | Rank: 1st |
The average salary ranks 1st among states in the country. There were also job openings from employers like KBW Financial, Kforce Finance and Accounting, Randstad Professionals, and AP Accounting & Finance.
$31,000 $147,000 Salary Distribution | |
| Maryland – $60,554 | Rank: 23rd |
The average salary ranks 23rd among states in the country. There were also job openings from employers like Kforce Finance and Accounting and Randstad Professionals.
$29,000 $103,000 Salary Distribution | |
| Maine – $69,120 | Rank: 10th |
The average salary ranks 10th among states in the country. There were also job openings from employers like Mountain, Ltd.
$18.00 $54.00 Salary Distribution | |
| Michigan – $69,512 | Rank: 8th |
The average salary ranks 8th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, Venteon, Parker and Lynch, and Robert Half Finance & Accounting.
$31,000 $123,000 Salary Distribution | |
| Minnesota – $38,323 | Rank: 29th |
The average salary ranks 29th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting and Accountemps.
$7.25 $40.45 Salary Distribution | |
| Missouri – $58,487 | Rank: 25th |
The average salary ranks 25th among states in the country. There were also job openings from employers like Kforce Finance and Accounting and Accountemps.
$14,000 $133,000 Salary Distribution | |
| North Carolina – $67,474 | Rank: 15th |
The average salary ranks 15th among states in the country. There were also job openings from employers like Vaco, LLC, Fairview Search Group, LLC, Robert Half Finance & Accounting, and Accountemps.
$27,000 $126,000 Salary Distribution | |
| New Jersey – $73,315 | Rank: 4th |
The average salary ranks 4th among states in the country. There were also job openings from employers like Execu|Search, Robert Half Finance & Accounting, Parker and Lynch, and Robert Half Management Resources.
$28,000 $138,000 Salary Distribution | |
| New York – $76,194 | Rank: 2nd |
The average salary ranks 2nd among states in the country. There were also job openings from employers like MISSION STAFFING, Green Key Resources, Henderson Harbor Group, and Robert Walters.
$25,000 $153,000 Salary Distribution | |
| Ohio – $67,253 | Rank: 16th |
The average salary ranks 16th among states in the country. There were also job openings from employers like NexGen Consultants, Kforce Finance and Accounting, Robert Half Finance & Accounting, and Vaco, LLC.
$26,000 $128,000 Salary Distribution | |
| Oklahoma – $69,365 | Rank: 9th |
The average salary ranks 9th among states in the country. There were also job openings from employers like Accounting Principals.
$33,000 $119,000 Salary Distribution | |
| Oregon – $43,276 | Rank: 28th |
The average salary ranks 28th among states in the country. There were also job openings from employers like Accountemps.
$10.45 $39.10 Salary Distribution | |
| Pennsylvania – $65,134 | Rank: 18th |
The average salary ranks 18th among states in the country. There were also job openings from employers like Kforce Finance and Accounting, Robert Half Finance & Accounting, firstPRO Inc., and idexcel.
$15,000 $149,000 Salary Distribution | |
| Tennessee – $63,507 | Rank: 20th |
The average salary ranks 20th among states in the country. There were also job openings from employers like The Judge Group, Vaco, LLC, and Accountemps.
$19,000 $133,000 Salary Distribution | |
| Texas – $65,076 | Rank: 19th |
The average salary ranks 19th among states in the country. There were also job openings from employers like Vaco, LLC, Deacon Recruiting, Parker and Lynch, and TPI Staffing.
$27,000 $119,000 Salary Distribution | |
| Virginia – $69,833 | Rank: 7th |
The average salary ranks 7th among states in the country. There were also job openings from employers like Vaco, LLC, Robert Half Finance & Accounting, Adams & Garth, and ADAMS & GARTH EXECUTIVE STAFFING.
$27,000 $132,000 Salary Distribution | |
| Washington – $73,417 | Rank: 3rd |
The average salary ranks 3rd among states in the country. There were also job openings from employers like Amazon.com, North Star Staffing Solutions, and Accountemps.
$31,000 $134,000 Salary Distribution | |
According to Indeed.com, the following states had employers looking to hire a Treasury Analyst. The quoted salary figure represents the average salary from all job postings by this employer.
| Employer Name | Location | Average Salary |
|---|---|---|
| Moorecroft Systems Inc. | Georgia | $160,000 |
| Northstar Staffing Solutions | Pennsylvania | $134,174 |
| Ramax Search | New York | $130,908 |
| General Motors | Michigan | $115,998 |
| JCJ, LLC | New York | $113,374 |
| Parker and Lynch | California | $101,151 |
| Daley and Associates | Massachusetts | $100,426 |
| Vaco, LLC | North Carolina | $99,037 |
| MISSION STAFFING | New York | $95,317 |
| NexGen Consultants | Ohio | $95,000 |
| Exelon | Illinois | $93,731 |
| Green Key Resources | New York | $91,766 |
| Amazon.com | Washington | $90,711 |
| KBW Financial | Massachusetts | $90,030 |
| Kforce Finance and Accounting | Massachusetts | $89,927 |
| GE Capital | Connecticut | $89,026 |
| Randstad Professionals | Massachusetts | $85,246 |
Learn More
- What’s the Job Description of a Treasury Analyst? – Learn.org
- What is a Treasury Analyst? – Top Accounting Degrees
- Treasury Analyst job with Chicago Public Schools – CPS …
| Career Name | Average Salary |
|---|---|
| Human Resources Manager | $69,342 |
| Procurement Analyst | $69,088 |
| Communications Manager | $68,895 |
| Hospitality Manager | $68,555 |
| Network Analyst | $68,167 |
| Business Operations Manager | $68,007 |
| Insurance Manager | $67,560 |
| Network Administrator | $66,871 |
| Financial Analyst | $66,611 |
| Supply Chain Analyst | $66,387 |
