Being a Treasurer: 18+ Pros and Cons

A treasurer is the professional in charge of running the treasury operation of an organization. The key functions of a corporate treasurer are liquidity and cash management, corporate finance, and risk management.

The treasurer is responsible for general financial oversight, fundraising, funding and sales, budgeting and financial planning, bookkeeping and record keeping, banking, financial reporting, and control of fixed assets and stock.

A Treasury professional is an expert in finance who directly handles the short-term and long-term budgetary goals of an organization.

Advantages of Being a TreasurerDisadvantages of Being a Treasurer
Treasurers earn decent moneyTreasurers have to work in a typical office environment
One will be able to afford some luxuryOne does not produce anything tangible
Old age poverty will not become an issueWorking as a treasurer may become boring in the long run
Decent job prospects for treasurersMost treasurers suffer from overweight
Treasurers can work for multiple companiesOne needs a college degree for becoming a treasurer
Hard to start own business as a treasurer

Advantages of Being a Treasurer

Treasurers earn decent money

The biggest advantage of being a treasurer is that they earn nice money from their profession. In turn, one can earn good money immediately after getting their college degree.

Over the period of time, there is a probability that they will earn missions of US dollars. Therefore, treasurers are able to earn more money as compared to an average person working in any profession, and being a treasurer dream of the best of batches each year as it makes quite a lot of significance from financial considerations.

One will be able to afford some luxury

After becoming a treasurer one will be able to afford some luxury. Because of their good income, they will be able to afford a big villa, fancy car and may also be able to own a gem or private beach in the middle of their career.

One will comfortably get a mortgage for purchasing a house as banks will know that they are a trustworthy creditor and offering a mortgage to them will be the lowest risk most of the time. 

In fact, while most other professionals struggle to borrow a loan to purchase a house and are forced to live to rent instead, a treasurer will be in a much more comfortable position in this regard.

Old age poverty will not become an issue

Because of their decent salary, a treasurer will not be at risk of suffering from old-age poverty. If one is financially literate and invests ample part of their income, they eventually can become really wealthy in the course of time.

And at the time they decide to retire, they will not have to be stressed about the money. It is only true if one really invests ample money instead of simply spending it on extravaganza. 

Though one will have the option to invest much more money than many other professionals in the world, and while most other people are not able to save enough for retirement, one will have a very comfortable retirement. 

Decent job prospects for treasurers

Treasurers are the experts of the treasury operations world and people who know how to optimize and manage the finances of a firm will always be required.

There is an acute shortage of certified treasurers in the corporate world as of now and if one is really good at what they are pursuing and are desiring to sharpen their skills even further every day, the probability is that one will become a specialist in your domain later or sooner and that they will have a lot of choices about where they desire to work.

Treasurers can work for multiple companies

A benefit of being a treasurer is that they are able to work for multiple companies. Every company which is having a certain size balance sheet needs treasurers to handle their risk exposure and their liquidity.

In turn, one will not only be restricted to working in the financial sector as a treasurer.

They can also work for multiple companies that produce physical goods if they choose to work for a company that operates in the manufacturing sector and do not want to work for financial organizations.

Disadvantages of Being a Treasurer

Treasurers have to work in a typical office environment

One of the biggest disadvantages of becoming a treasurer is that they have to work in a typical office environment.

Very, one simply has to view at their computer screen throughout the day. It can be indeed annoying to spend their workday like this, not only will it not be good for our eyes but if one is a guy who really enjoys hands-on work, there is a probability that one should not become a treasurer but instead choose the profession of a craftsman career.

One does not produce anything tangible

One must embrace the fact that they do not produce anything tangible in their workday as a treasurer. In turn, one will simply make presentations or will do statistical research.

While these things are very important for the company they work for, it will indeed be unsatisfying not to see any result or any fruits of their work and most treasurers tend to become very demoralized with what they are pursuing in the course of their career.

Working as a treasurer may become boring in the long run

One indeed needs a passion for numbers if they do not want to become bored in the course of their career. Most people in this profession are there only for the money.

However, the people will not tend to remain in the treasury world for long as they will simply not feel content with what they are pursuing and they should instead make sure that one has a real interest in this profession before actually enter in this noble profession.

Most treasurers suffer from overweight

A problem with being a treasurer is that they will usually have a lack of exercise as they sink in their work. For most of their workday, they will simply sit before the computer in their office chair.

Consequently one will eventually gain weight and if they are not cautious, they may become overweight later or sooner.

In the course of their career, they may also develop major health issues like diabetes, hypertension because of their sedentary lifestyle.

They have to play sports or go to the gym after work to avoid getting overweight and major health ailments that come along with it. While most other people spend their leisure time with their near and dear, the treasurer will often spend time in the gym or sports.

One needs a college degree for becoming a treasurer

Another detrimental factor to becoming a treasurer is that one will require a college degree for entering this field.

It implies that one will have to spend a big amount of time and money earning their college degree. In our current scenario, most students also have to borrow education loans to meet the expense of their degrees. 

Hard to start own business as a treasurer

A disadvantage of being a treasurer is that they will have a tough time starting their own enterprise in this sector.

Moreover, most companies have in-house treasury divisions. They usually do not want to rely on an outsourced entity to get their work done. In turn it will be tough to enter this sector for new or small entrepreneurs.

treasurer pros cons

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