Treasury Salaries 2025 – Latest Jobs Market Insights from The Treasury Recruitment Company

Foreign. Company. I am here to tell you this is a solo podcast. Haven't done one of these in, well, a couple of years now. Because each and every week I talk to treasurers about how they started their careers, where they are now, and where they see both themselves and treasure profession. Go to next. One of the key questions I get asked is about their salaries. Mike, they say, can you, you tell us about the state of the market? Can you give me some advice about my salary? I'm like, yeah, no problem. Well, I've done this for you and we've developed our salary survey. We started it way back in 2003. We've grown it now to 1600 treasury professionals globally. It's incredible. And thank you very much for all your contribution. Now it's a bit different, our survey. I'm going to go through this. If you're watching on YouTube, sorry, if I'm going to some of the figures or some of the reading back on PowerPoints, you're not meant to do that. But I'm also doing this for you guys listening as a podcast, so I hope you enjoy this. If you're driving any car, it's going to be a good one. We're going to talk up to you about salaries and what you should be doing to make sure that you can actually increase your salary and what you should be doing to help yourself. First of all, let's talk about the salary survey itself. Go to treasurysalary.com Take part in it. Takes you less than 2 minutes, start to finish. If you've already done it once, you then just take part. Every six months, do a quick update of yourself. We've kept it to 30 seconds and boom, you're part of our survey. It just rolls and rolls. We started a few years ago. We got up to about, well, we had about 6, 700, then the next one was a thousand, broke the thousand barrel, then got to 1200. Most recently back in January. This year it was 1300. Now we've had another 300. Oh, my goodness. Thank you very much for joining us. Difference with ours, it's real data from you, real treasury professionals, not estimates. Not the stupidness I see out there. What's the point of doing a salary survey that says, oh, treasury manager, they get paid 70,000 to 170,000, global treasurer, 200 to 450. I saw on someone's survey the other day, I'm like, really, guys, please. These are treasury professionals. They haven't got time to listen to this bs. And also the other bits. So there's no spin real numbers and I verify everyone or me and one of my team impacts in this one. I verified everyone to make sure that everyone is real and they are in Treasury. Now in addition to that, someone asked me the other day, so hang on, what is a treasurer at one place and they call themselves a Treasurer. It might be a Treasury analyst in comparison to us or might be a Global Treasurer because different titles mean different things. I said, well I use a little known thing called my 25 years plus of treasury recruitment experience and I put people into the right data set and into the right level. So we actually have put them into the different buckets if you like. We take data from right the way across from uk, Europe and the usa. Another thing about going back to job titles, what someone might call a Treasurer, someone else might call a Global Treasurer. What's the difference? Well, a couple of different things actually. Yeah, let's go through actually Assistant Treasurer to Deputy Treasurer. What's the difference? Well one assists, one deputizes. Okay, thanks for that. No, just very quickly when I'm actually looking at people, if someone is an Assistant Treasurer they generally have to defer to the treasurer or someone more seeding themselves to make a decision, say to push the button. Oh yeah, I need to trade that or I need to do this bond. If you're a deputy you dep and you will do that yourself, you will basically be one step off the Treasurer and you will have greater authority. So going into the treasurer level role, I have a number of treasurers, group treasurers that take part in the survey. If you are, and I say this a lot on our website, you're a treasurer and you might look after a housing association, you are a treasurer but do you run five different treasury teams across the world and have a team of 80 plus? No, you don't, you're not a global Treasurer. So we make a distinction there and if people want to know where do you see me fitting, just call us. That's one of the key things we do all benchmark at all different levels. They go from Treasury Analyst to Global Treasurer and that's one of the key things. And we kept on building up this data. So it's going from there. Now let's go on to the next slide. Yes, here we go. Scope of the data, all levels, we include base bonus and total compensation. We don't for the more senior levels. Someone asked me the other day about long term incentive plan mature, you know and all the different things of the handcuffs you might get at those levels with different you know, different. What's the word? Different packages. No, we don't do a full assessment of that in the US if you want that. One of the key things I would say is maybe use the afp. It's a brilliant study and really they've got a research team of many people doing it. We don't. Also, if you need more in depth and you're more senior within the UK or Europe, there are actually salary survey companies. Ours is free. That's the other thing. So. And confidential, 100% confidential. Should add that in there as well. So that's the scope of the survey. What do we do next? Let's go through some of the headline numbers. Okay, this is us. This is the most recent snapshot. So we take treasury analysts, in this case, 87. For those of you listening, 87 treasury analysts across the UK and the average base salary was 54, 493. So we got some that are down at 30, some they're up at 70. And actually on the next slide or the. When you actually see the full survey, we show the range, we show how much, how many people have got a car allowance. On this screen, actually it says here, and if anyone watching here it says average car allowance for those that get it is £5,617 8% it says with. Now someone said to me, well, I don't get a car. And that's no. So of the people that do, 8% of treasury analysts receive a car allowance and their average was 5,600. Okay, but only eight. So that's one in ten. But as you go further down, Assistant Treasurer, for instance, on this 48 responses, average salary 110,491. Average car, just 6. 6, just over 50 of those treasure Assistant Treasurers receive a car allowance and the average BONUS There was 22, 118, 71 receive a bonus. There are still Assistant treasurers out there. 30%, three out of 10 aren't getting a bonus. Then we've got average totals now actually, if you want to see the other figures behind this for Treasurer Global, you'll have to take part. Sorry, I, I have to keep those figures. So let's go on to the next slide. This, the next one is for North America. That is where the biggest growth has come for this survey. We are now 25. It's actually a third. Third, third. So about a third of our study used to be more predominantly uk but now it's actually that third. I'm going to do a third. I don't know like that? Some like that, yeah. A third of our study is uk, a third is Europe, a third is us so that's growing rapidly as well. But you've got here. This is incredible actually when I look at it now, they can't go back to the previous side. 108 Responses so we're global treasure. Treasury directors at the senior level, average base salary $290,000. There were only 6% received a car allowance. Now someone asked me about this the other day, they said well, why is that? And I said well actually in the US car allowance isn't necessarily a thing. It became a thing in the UK a number of years ago. And it's a good way of people receiving cash and not getting a car. You don't actually get a formal car allowance. It's a good way for a lot of companies to give people extra pay rather than give them pay rise. Oh, we'll give you a car allowance. And some said well does that really make a difference? I said okay, if you've got one employee with a 5k car allowance and then you've got 10, that's 50,000. Oh yeah, yeah. I said but if you gave those 10 employees a 5k rise, you pay extra in taxes, national insurance, you pay extra in pension, you pay extra on your bonus. Oh, so yeah, I said the, you know, car allowance is non bonusable A lot of the time it's tax saving, not all the time, but there are considerable savings by putting under the car allowance bracket. And also in Europe, which we'll come to in a minute, it's much more usual that you get as you get more senior a car, you get a fuel card which means you pay for that as well because again they're all tax efficient as well. And it also comes from a number of years ago that lots of employees received car allowances and were given cars you, you know, because they were having to drive distances and everything else and you weren't able to do that in your personal car as well. So other things to note on here. Yeah, so car announces. Yeah, very. There are some in here. But you see car allowance is not as prevalent in the US but average bonuses they do kick up. So a lot of treasury analysts, 63, so six out of 10 and their average bonus is $7,257. Amazing. And you've got the average total compensation coming out about 87 000. So I'm going to make a point here but then you jump all the way through to global treasurer. Average bonus, their average base is 290. The average bonus. 111, 000. Yeah, there you go. And 90 of treasurers, nine out of ten are receiving a bonus. So nine out of ten out of our survey of 108 received a bonus. And then you've got the average there. I've just, you know, people said to me about the survey and they said, mike, treasury analyst, dealer, we need to recruit one. And in fact, I'm going through a process with a client at the moment and they've said, yes, we want to recruit someone. Fantastic. They went, it's a senior treasury analyst, dealer. So it's going to sit between analyst and it's going to manager. Okay. And they said, yeah, we want to pay $90,000. Okay, 90,000. So you want a below average senior treasury analyst, right? They went, no, we want an above average one. We want a really good one. Thank you. Okay, so you're going to pay them below the average salary. Oh, oh, are we? And I said, yeah. And they were like, well, what leads you to believe this? I mean, my survey says, there you go, you go, little known program. So if you look at the combination between treasury analyst and dealer and treasury manager, treasury analyst. 64. In the US we had 144 treasury managers. Incredible. So between those two groups, that is my math is going here. No one does public math. My mfm, my first million, my favorite, one of my favorite podcasts, we don't do public math. 208, 208 between those. And that's what I'm looking at. So I'm trying to give them advice. And this is the average. So it's not the, you know, the top, it's not the bottom. And again, you can look at the ranges. And I'm trying to give them some advice and saying, guys, we need to push it up. And I'm again, I'm not telling you, I'm not saying, oh, trying to bump up salaries just for the sake of it. I'm just telling you what the market is telling me. So that's North America, let's come to Europe. Here we go. So, yeah, I mean, great numbers. Look at this. 82 treasury analyst in the survey, 145 managers, 10 consultants, 19 treasury consultants, senior treasury consultants, rather up to group treasurers and then 45 globals. And it ranges everywhere from 60,000 as an actual.