Bank Treasurer: Job Description and Education Requirements

Sep 14, 2019

Learn about the education and preparation needed to become a bank treasurer. Get a quick view of the requirements as well as details about degree programs, job duties and professional certification to find out if this is the career for you.

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A career as a bank treasurer is just one small fraction of working in a financial management department. To become a treasurer, most employers seek out qualifying candidates with a degree or certification. Salary and job growth also play major factors in pursuing this particular career field.

Essential Information

A bank treasurer oversees the operations of a financial institution and sets goals to increase capital. While a bachelor's degree is usually sufficient to become a bank treasurer, an increasing number of employers seek candidates with master's degrees and professional certifications. Previous experience in finance or management also is important. Bank treasurers can also earn professional certifications through experience and examinations.

Required Education Bachelor's degree in accounting, finance or related subject, although master's degrees are becoming more commonly required
Certifications Some employers require professional certification
Projected Job Growth (2018-2028)* 16% for all financial managers
Median Salary (2018)* $127,990 for all financial managers

Source: *U.S. Bureau of Labor Statistics

Bank Treasurer Job Description

Bank treasurers, sometimes known as financial managers, manage operations, employees and budgets to meet a bank's financial objectives. Duties might include establishing financial goals, implementing strategies to increase capital and expand the firm, overseeing investments and executing other money management activities. While bank treasurers tend to work with financial institutions, private companies, insurance firms and government institutions also hire treasurers or financial managers.

According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for financial managers was $127,990 in 2018 ( The highest paying financial management positions were in the field of securities and commodities exchanges, which offered a mean wage of $209,160 per year, while the field of depository credit intermediation employed the greatest number of financial managers, offering a mean wage of $118,820. The field of financial management as a whole is expected to experience 16% job growth during the 2018-2028 decade, which is much faster than the average.

Bank Treasurer Education Requirements

Typically, the minimum educational requirement for bank treasurers is a bachelor's degree in accounting, finance or business administration. Coursework in these undergraduate programs typically covers cost accounting, tax planning, statistical analysis, management principles and business law.

Prospective bank treasurers, as well as those already working in the field, might go on to pursue a master's degree to increase their advancement options. A Master of Business Administration (MBA) with a concentration in finance and a Master of Finance (M.Fin.) are two of the programs available in this field. An MBA in Finance focuses on topics like international finance, economics and human resources. Coursework in an M.Fin. program can include acquisitions, statistics and investments.

Experience also is important in becoming a bank treasurer. Many treasurers start out in entry-level positions, such as bank teller, and are promoted to managerial-level positions after demonstrating their communication, analytic and customer service skills.

Certification Options

Potential treasurers also can complete a professional certification program to demonstrate their qualifications. The CFA Institute offers a Chartered Financial Analyst designation to financial professionals who have work experience and a bachelor's degree and can pass three skills assessment exams (

Obtaining a bachelor's degree and professional certification may be just enough to get you started on the right path to becoming a bank treasurer, but a master's in business or finance is recommended. Prior experience in banking is beneficial for treasurers since they perform complex tasks like supervising investments and executing financial plans.

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