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Corporate treasurer : Salary and conditions

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  • Graduates entering corporate treasury (at assistant or junior level) can earn a starting salary of £25,000 - £35,000, increasing to £40,000 - £50,000 for starters above graduate level.
  • Salaries for professionals with three to five years' experience range from £50,000 to £75,000.
  • Typical salaries in senior positions (with five to ten years in the role) depend on the company, complexity of treasury operation, and location, but may range from £65,000 to £150,000 plus.
  • Salaries generally tend to be higher in London and the South East. They also vary according to the type of role occupied within a treasury department.
  • Work is generally from Monday to Friday with standard office hours, though these are often subject to extension during busy periods and for meeting project deadlines and attending meetings.
  • The job is office-based but with frequent visits to company sites and meetings with external organisations.
  • For corporate treasurers with professional qualifications and sufficient experience, there are opportunities for self-employment in consultancy or in interim management during times of change or crisis in a company. Average rates are between £350 and £1,000 per day.
  • As corporate treasurers are usually based in the head office of a company, opportunities may arise anywhere in the UK, although there is a strong concentration in London and the South East.
  • Only companies of a certain size need corporate treasury, so opportunities tend to be within larger organisations.
  • The job may be stressful at times and carries considerable responsibility.
  • Business dress is usually required, particularly for meetings with City contacts, such as company bankers. Otherwise, dress will depend upon the culture of the company.
  • There may be occasional travel to meetings and possible overseas travel, particularly if the company has international interests or is multinational; these would tend to be short, planned trips.
 
AGCAS
Written by Martyn Drage, University of Reading
Date: 
July 2010
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