Treasurer

Your Fit

Income

$156K

Preparation

Considerable

Growth

16.0%

Definition
Your fit with this career
How much they earn
What they do
Job satisfaction
How to become

What is a Treasurer?

Treasurers are financial officers responsible for overseeing the management and allocation of an organization's funds. They handle financial planning, investment strategies, risk management, and report financial status to stakeholders.

Your test results

Why this fit score?

The fit report shows your areas of fit and misfit with Treasurer.

Fit report

Test scores

The scores report summarizes what we learned about you. It shows your results on everything measured in the career test.

Scores report

How much does a Treasurer earn

According to the U.S. Bureau of Labor Statistics, typical income (in USD) is...

Bottom 10%	Bottom 25%	Median (average)	Top 25%	Top 10%
$83K per year	$110K per year	$156K per year	$211K per year	NA per year

Compared to other careers: Median is $108K above the national average.

See income by country/state/province

What does a Treasurer do?

Work environment

Treasurers typically work in an office environment within corporate, nonprofit, or governmental organizations. The role may involve frequent interactions with other executives, financial teams, and external stakeholders. It often requires full-time hours with additional time during financial reporting periods or critical fiscal events.

Quick task list

Develops financial policies, planning, and investment strategies.
Manages cash flow, liquidity, and financial risk.
Directs capital raising and funding operations.
Oversees budgeting and financial reporting.
Communicates financial status and forecasts to stakeholders.

See full list of tasks with expert relevance ratings

Areas of specialization

Corporate Treasury Management: Managing the financial resources and strategies of a corporation.
Government Treasury Management: Overseeing the fiscal operations and funds of government entities.
Nonprofit Treasury Management: Handling financial strategies for nonprofit organizations.
Investment and Risk Management: Specializing in investment strategies and managing financial risk.

Description

Treasurers play a pivotal role in the financial health and sustainability of an organization. They are responsible for developing strategies to ensure the organization's financial stability, including managing investments, cash flow, and risk. This requires a deep understanding of financial markets, economic trends, and regulatory environments. Treasurers must be proficient in financial modeling, forecasting, and analysis to make informed decisions.

Strong leadership and communication skills are essential, as treasurers often lead financial teams and interact with other department heads, board members, investors, and financial institutions. They must be able to clearly articulate financial strategies and risks, often in high-stakes situations.

The role demands a high level of integrity, analytical thinking, and strategic planning. Treasurers must stay abreast of changing financial regulations and market conditions, adapting strategies to meet organizational goals and compliance requirements. They are often involved in long-term financial planning, capital raising, and investment decisions, impacting the organization's future direction.

Job Satisfaction

Sources of satisfaction

Direct impact on the financial success and stability of the organization.
Intellectual challenge of managing complex financial operations.
Leadership role and influence in strategic decision-making.

You might make a good Treasurer if you are...

Adept at financial analysis and strategic planning.
Detail-oriented with strong analytical and problem-solving skills.
An effective communicator and leader.
Interested in financial markets and economic trends.
Ethical and transparent in your financial management approach.

Pros:

High Responsibility and Impact: Treasurers play a crucial role in the financial health of an organization, offering a sense of accomplishment and importance.
Financial Reward: The position often comes with a high salary and benefits, reflecting its level of responsibility.
Opportunities for Strategic Decision Making: Involvement in significant financial decisions, strategic planning, and investments.
Professional Growth: Continuous learning about financial markets, regulations, and new technologies provides ongoing professional development.

Cons:

High Stress: The responsibility for an organization's finances can be stressful, especially in times of economic downturn.
Long Working Hours: The role often requires additional hours during financial reporting periods, budget preparations, and critical financial events.
Constant Need for Up-to-date Knowledge: Keeping abreast with changing financial laws, market conditions, and economic trends is essential but can be challenging.
Risk of Financial Liability: Mistakes in financial management can have significant repercussions, including legal liabilities.

How to become a Treasurer

Typical education

A bachelor's degree in finance, accounting, economics, or business administration is typically required. Many treasurers also hold advanced degrees, such as an MBA, or professional certifications like CPA (Certified Public Accountant) or CFA (Chartered Financial Analyst).

High school preparation

Courses:

Mathematics, especially Advanced Algebra and Calculus: To develop strong analytical and quantitative skills.
Economics: To understand basic economic principles that underpin financial decisions.
Business Studies: Offers insight into business operations and management.
Accounting: Basic accounting skills are essential for understanding financial statements and reports.

Extra-Curricular Activities:

Participation in Business or Economics Clubs: Enhances understanding of financial concepts and business operations.
Leadership Roles in School Organizations: Develops leadership and management skills.
Volunteer or Part-time Work in Financial or Business Settings: Provides practical experience and exposure to financial operations.

Preparation after high school

Bachelor's Degree: In finance, accounting, economics, or business administration.
Internships: In banking, finance, or corporate finance departments, to gain practical experience and industry insights.
Certifications: Such as Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) to enhance credibility and knowledge.
MBA or Master's in Finance: For advanced knowledge and skills in financial management and strategy.

More resources

Association for Financial Professionals (AFP) - Offers resources and certification for treasurers and finance professionals.
CFA Institute - Provides the Chartered Financial Analyst designation and educational resources.
Financial Management Association International (FMA) - Offers professional development and networking opportunities.
Investopedia - A comprehensive resource for understanding financial concepts and market trends.

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