Treasurers and Controllers: Salary, Job Description, How To Become One, and Quiz

Job description

Treasurers and Controllers direct financial activities, such as planning, procurement, and investments for all or part of an organization.

• Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
• Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
• Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
• Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.

Salary

Treasurers and Controllers with little to no experience tend to make between $67620 and $91420 while the more experienced ones can earn over $178840 per year.

One of the easiest ways to increase your salary as a Treasurer and Controller is to move to a higher paying state like NY. Right now, the highest paying states for Treasurers and Controllers are NY, NJ, CT, DE and DC.

However, a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be twice as high than where you are currently at now.

Three other factors that can increase your salary as a Treasurer and Controller is the degree you hold, the industry you work in, and lastly the company you work for.

Requirements

We asked other Treasurers and Controllers what degree they had when they got the job and most of them said they had a Master’s Degree followed by a Bachelor’s Degree.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Pros and Cons

Here are some of the pros and cons of being a Treasurer and Controller.

What is the job like

75% of Treasurers and Controllers said they were satisfied with their job and 62% said they feel like their job is making other people’s lives better.

Is this right for me

You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

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