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Treasury Meaning
Treasury careers are for professionals who manage and handle the financial risk and money within an organization. Excelling in a treasury career path involves efficient management of cash flow and daily obligations. Additionally, they are also responsible to formulate long-term policies and strategies to facilitate the growth of the organization.
The national treasury is where a government’s funds are deposited, managed, and disbursed. This involves all public policies, loans, management of all employees, and schemes. The hierarchy ranges right from an entry-level professional to the head of treasury. It is a team that works in tandem with the accounting team to formulate a budget to present in front of the house for approval.
Treasury Career Explained
The Treasury is the most crucial department for any organization or government for keeping the financial health of the company or the economy intact and helping them to run the business and schemes in a successful manner. Treasury is responsible for preparing detailed future projections and forecasting the funding requirements through various means.
- It's one to keep citing highly paid jobs in the financial services market since it is the heart of the company providing support to all the other departments.
- All the strategic decisions by the top management are taken based on the treasury MIS report submitted by the head since it includes the cash flows that are and are going to arise in the future.
- It offers diversified career opportunities to people since, here, the sector of the business is not important. A person having experience in treasury profile can work in any organization around the globe – be it large or SME companies since each of them have a separate treasury department who takes care of the financial requirements of the business.
- Treasury does not matter if you are working in sectors like financial, auto, steel, consumer goods, etc. It’s a very generic profile across all the sectors, and one does not have to specialize in a particular sector to grow.
- Treasury professionals should be open to working with any company since the process remains the same, only the products and the sector changes.
List of Top 6 Careers
Let us understand the top 6 careers in both corporate and national treasury careers. These shall help us understand the hierarchy and the intricacies of the daily activities of these professionals.
Career #1 - Research Analyst
Research Analyst uses mathematical tools and analytical methods to work on complex data sets.
Research Analyst - Job Description |
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Responsibilities | Solve complex problems based on their research and analytical skills. |
Designation | Research Analyst |
Actual Role | He will support the treasury team in all the research-level data required to build cash flow models. |
Top Companies | Boston Consulting Group, Travelers, Cisco, Goldman Sachs, Deloitte, Morgan Stanley, J.P Morgan and many more as per glassdoor survey. www.glassdoor.com |
Salary | The median annual salary for a financial analyst as on May 2018 was $ 83,390 as per bureau of labor statistics of US (www.bls.gov) |
Demand & Supply | As technology advances, there will be more and more demand. |
Education Requirement | A Bachelor's degree in finance, statistics. |
Recommended Courses | CPA/MBA/Masters in statistics. |
Positives | High growth potential in the analytics department of any company with heavy compensation and an exciting job profile. |
Negatives | Long working hours and data crunching. |
Career #2 - Entry Level Person
An entry-level person is a fresher and starts his career after completing his courses or specialization in finance.
Entry Level Person - Job Description |
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Responsibilities | He is the one who will work at the ground level with regards to the documentation for all treasury related activities. |
Designation | Financial Analyst |
Actual Role | He will support the senior analyst all day today working like preparing cash flows or drafts on policies. |
Job Statistics | As per the bureau of labor statistics of the US (www.bls.gov), the number of jobs in this category was 2,96,100 as at 2016 and are expected to grow by 11% from 2016 to 2026. |
Top Companies | Boston Consulting Group, Travelers, Cisco, Goldman Sachs, Deloitte, Morgan Stanley, J.P Morgan and many more as per glassdoor survey.www.glassdoor.com. |
Salary | The median annual salary for a financial analyst as of May 2018 was $ 85,660 as per the bureau of labor statistics of the US (www.bls.gov). |
Demand & Supply | Demand for financial analysts in the treasury department tends to grow rapidly due to the establishment of new businesses and mergers and acquisitions. As of now, the supply exceeds the demand but slowly in the future, the demand for financial analysts will surge rapidly due to policy changes like the encouragement of SME industries or start-ups. |
Education Requirement | A Bachelor's degree or an MBA from a reputed college. |
Recommended Courses | CFP or MBA or CPA |
Positives | High growth potential in the future with heavy compensation and an exciting job profile. |
Negatives | Long working hours and high pressure since you will be managing billions. |
Career #3 - Mid Level Person
Mid Level Person is an experienced person in a treasury role for around 7-10 years.
Mid Level Person - Job Description |
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Responsibilities | Leads the analyst & Senior analyst team in the company and reports to the assistance vice president of the company. |
Designation | Financial Managers |
Actual Role | He will support the head of the company’s treasurer in framing policies and taking strategic decisions by providing the required analysis and research data. |
Job Statistics | As per the bureau of labor statistics of the US (www.bls.gov), the number of jobs in this category was 5,80,400 as at 2016 and are expected to grow at 19% from 2016 to 2026. |
Top Companies | Boston Consulting Group, Travelers, Cisco, Goldman Sachs, Deloitte, Morgan Stanley, J.P Morgan and many more as per Glass Door Survey. www.glassdoor.com. |
Salary | The median annual salary for a financial analyst as on May 2018 was $ 1,27,990 as per bureau of labor statistics of the US (www.bls.gov). |
Demand & Supply | Demand for financial managers in the treasury department tends to grow rapidly as they are directly involved in the planning and directing of the company vision & strategy. Here the supply is less than the demand because it’s a profile that requires good experience in the field. |
Education Requirement | CPA/MBA from Tier -1 Universities. |
Recommended Courses | CPA/MBA |
Positives | High growth potential in the future with heavy compensation and an exciting job profile. |
Negatives | Highly risky profiles as they are highly paid in the company and are often the soft targets for lay-offs. |
Career #4 - Senior Person
Senior Level Person is an experienced person in the treasury role for around 10-15 years.
Senior Person - Job Description |
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Responsibilities | Leads the financial managers’ team in the company and reports to the vice president of the treasury. |
Designation | Assistant Vice President |
Actual Role | He will support the vice president of the company’s meeting with potential lenders and Investors. |
Job Statistics | Since it is a senior-level position in the company, exact statistics are not available publicly. |
Top Companies | Boston Consulting Group, Travelers, Cisco, Goldman Sachs, Deloitte, Morgan Stanley, J.P Morgan and many more as per glassdoor survey.www.glassdoor.com. |
Salary | The median annual salary for an assistant vice president would be approx $ 1,50,000. |
Demand & Supply | Demand for AVP’s in the treasury department tends to grow rapidly as they are directly involved in the fundraising meetings with the lenders and are the only point of contact for the company and the lenders. |
Education Requirement | CPA/MBA from Tier -1 Universities. |
Recommended Courses | CPA/MBA |
Positives | Building on new relationships with lenders and investors. A good opportunity to create a network of professionals in the industry |
Negatives | Highly risky profiles as they are highly paid in the company and are often the soft targets for lay-offs. |
Career #5 - Trainee
The trainee is a management trainee appointed by the company to give training to the people who are undergoing MBA courses.
Trainee - Job Description |
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Responsibilities | Responsible for preparing Ad-hoc projects for the company as per the requirements. |
Designation | Industrial Trainee |
Actual Role | He will work on the Ad hoc projects of the company and also suggest improvements in the internal control system. |
Job Statistics | Since it is a trainee level position in the company, exact statistics are not available publicly. |
Top Companies | Boston Consulting Group, Travelers, Cisco, Goldman Sachs, Deloitte, Morgan Stanley, J.P Morgan and many more as per glassdoor survey.www.glassdoor.com. |
Salary | The median annual salary for an assistant vice president would be approx $ 10,000. |
Demand & Supply | There is a huge demand for such kinds of roles since being a temporary job, the company is willing to hire such trainees at a lower cost and give them the opportunity to excel in their career. |
Education Requirement | CPA/MBA from Tier -1 Universities. |
Recommended Courses | CPA/MBA |
Positives | Good exposure to the treasury profile and industry. |
Negatives | Lower pay and longer work hours. |
Career #6 - Head Treasury
Market Research Analyst is employed by the AMC to do the required research of the market or any specific industry that will help the fund managers in their decision making.
Head Treasury - Job Description |
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Responsibilities | Responsible for spearheading the treasury activities of the company and preparing a strategic plan and road map for the future. |
Designation | SVP/Head Treasury |
Actual Role | He will look at the strategic angle by deciding on the optimal capital mix required in the form of equity and debt funding and its negotiations. |
Job Statistics | Since it is the head level position in the company, exact statistics are not available publicly. |
Top Companies | Boston Consulting Group, Travelers, Cisco, Goldman Sachs, Deloitte, Morgan Stanley, J.P Morgan and many more as per glassdoor survey. www.glassdoor.com. |
Salary | The median annual salary for a head treasury can go up to $2,00,000 to $5,00,000. |
Demand & Supply | There is a huge demand for such kinds of roles since being a temporary job, the company is willing to hire such trainees at a lower cost and give them the opportunity to excel in their career. |
Education Requirement | CPA/MBA from Tier -1 Universities with at least 20 yrs of exp. |
Recommended Courses | CPA/MBA |
Positives | Front desk role being the face of the company to the lenders and investors and also chance to take part in the management of the company with the CEO. |
Negatives | High risk due to high compensation. For a low credit rated company, the task of the treasurer becomes more difficult to raise money from the market. |
Recommended Articles
This has been a guide to Treasury Career. Here we provide the top 6 treasury career list, including Research Analyst, Head of Treasury, Trainee, etc. You may also have a look at these career in finance articles below -