What’s the salary for a Treasury Manager?

Rachael Crocker

October 13, 2025

5–7 minutes

read

Treasury Managers are essential members of any finance team. They manage cash flow, support liquidity planning, and help businesses make informed decisions about financial risks, reconciliations and foreign exchange.

Whether you’re hiring for a new Treasury Manager job or benchmarking your team, you’ll need to understand the average salary, salary range and market expectations.

At Brewer Morris, we specialise in corporate treasury recruitment globally. As part of The SR Group, our consultants combine local market knowledge with international reach. We work with businesses across the United Kingdom, Europe, the United States and beyond to find high-calibre treasury professionals.

What does a Treasury Manager do?

A Treasury Manager supports treasury operations and financial strategy. The job description typically includes:

Cash flow forecasting and liquidity management
Cash management and reconciliations
Supporting treasury management systems (TMS)
Monitoring FX exposure and hedging
Preparing reports for internal stakeholders
Supporting automation and process improvement
Ensuring compliance with financial regulations

Treasury Managers often work full-time and collaborate closely with senior stakeholders across finance, tax and risk management. Strong problem-solving skills, communication skills and Excel proficiency are essential.

Many roles require experience in treasury systems, treasury policy and banking relationships. Some Treasury Managers progress from roles such as treasury accountant or finance manager, and work closely with the CFO or corporate treasurer.

Treasury Manager salary overview by region

United Kingdom (GBP)

Treasury Manager: 60,000 – 100,000
Senior Treasury Manager: 95,000 – 125,000
Group Treasurer: 160,000 – 285,000

London offers the highest total compensation, but other cities and regional hubs also provide competitive packages, especially for professionals with ACA, ACCA, or CIMA qualifications. Roles often include oversight of debt management, cash flow forecasting and financial reporting.

Europe (EUR)

Treasury Manager: 85,000 – 110,000
Senior Treasury Manager: 110,000 – 140,000
Group Treasurer: 160,000 – 250,000

Treasury roles across Europe (such as Germany, the Netherlands and Luxembourg) are evolving, with many companies centralising or offshoring treasury functions. This has increased demand for professionals with strong treasury experience, treasury systems knowledge, and exposure to financial services and financial markets.

United States (USD)

Treasury Manager: 95,000 – 130,000
Senior Treasury Manager: 130,000 – 160,000
Group Treasurer: 200,000 – 300,000

New York leads in compensation due to its financial market size and cost of living. Regional hubs like Orlando and Texas offer competitive salaries, particularly in sectors like financial services. The average Treasury Manager salary reflects years of experience, industry and job title.

What influences Treasury Manager salaries?

Several factors affect base salary and total pay:

Years of experience
Location
Industry
Certifications (e.g. CTP, CFA, ACT, ACA, ACCA, CIMA)
Skills in TMS, Excel, and automation
Education level
Company size
Scope of treasury roles (e.g. cash management, hedging, forecasting)

Benchmarking salaries by percentile (25th, 75th) helps employers and candidates understand market positioning. Job alerts and search platforms often show wide salary ranges depending on job title, region, and sector.

Interim Treasury Manager roles

Interim Treasury Managers are hired to support short-term needs such as system implementations, refinancing projects, parental leave cover or urgent liquidity reviews. These roles are common in businesses undergoing transformation, M&A activity or treasury restructuring.

Day rates vary by location and seniority:

United Kingdom: 500 – 850 GBP per day
Europe: 450 – 700 EUR per day
United States: 600 – 950 USD per day

Interim professionals are expected to deliver quickly, often with experience in treasury management systems, cash flow modelling and stakeholder reporting. Many employers use interim hiring to bridge gaps before permanent recruitment or to test new structures.

Career progression

The typical path for the role is:

Treasury Manager
Senior Treasury Manager
Assistant Treasurer
Group Treasurer
Global Treasurer

Career progression depends on technical ability, stakeholder engagement and exposure to strategic projects. Treasury Managers who contribute to risk management, cash flow forecasting and treasury transformation often move up faster. Many also transition into broader roles such as Corporate Treasurer or Finance Manager, especially in global organisations.

Global insights from Brewer Morris

As global treasury recruitment specialists, we help businesses benchmark compensation, structure teams and hire talent across borders. Whether you’re building a treasury function or scaling internationally, our consultants offer market intelligence and specialist advice to support your hiring decisions.

Ready to hire?

If you’re planning a hire or want to benchmark your team, we’re here to help. We offer salary benchmarking and access to high-calibre treasury professionals across the globe.

Get in touch with us today.

Frequently asked questions

What is the average salary for a Treasury Manager?

Treasury Manager salaries vary by region, with typical ranges of 60,000 – 100,000 GBP in the UK, 85,000 – 110,000 EUR in Europe and 95,000 – 130,000 USD in the United States. Compensation is influenced by factors such as experience, industry, company size and the scope of treasury responsibilities.

What factors influence Treasury Manager salaries?

Treasury Manager salaries are influenced by experience, location, qualifications, technical skills and industry sector. Employers often pay a premium for expertise in treasury management systems (TMS), cash flow forecasting, foreign exchange management, automation projects and professional certifications such as ACT, CTP, CFA, ACA, ACCA and CIMA.

What does a Treasury Manager do?

A Treasury Manager oversees cash flow, liquidity and financial risk management within an organisation. Responsibilities typically include cash forecasting, banking relationships, foreign exchange exposure, treasury reporting, compliance and supporting process improvement and automation initiatives.

How much can senior treasury professionals earn?

Senior Treasury Managers typically earn 95,000 – 125,000 GBP in the UK, 110,000 – 140,000 EUR in Europe and 130,000 – 160,000 USD in the United States, while Group Treasurers can command significantly higher salaries. Compensation at this level reflects increased strategic responsibility and leadership of treasury functions.

Are interim Treasury Manager roles a good option?

Yes, interim Treasury Manager roles can offer attractive day rates, typically ranging from 500 – 850 GBP per day in the UK, 450 – 700 EUR per day in Europe and 600 – 950 USD per day in the United States. These roles are commonly used to support system implementations, refinancing projects, treasury transformations and temporary leadership requirements.

What are the career progression opportunities for a Treasury Manager?

Treasury Managers can progress to Senior Treasury Manager, Assistant Treasurer, Group Treasurer and Global Treasurer roles. Professionals who develop expertise in risk management, treasury transformation, stakeholder engagement and strategic funding initiatives are often well positioned for advancement into senior treasury leadership positions.