Treasurers and Controllers in District of Columbia
Thinking about a career as a Treasurers and Controllers in District of Columbia? Below are the key facts. Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes “Financial Risk Specialists” (13-2054).
What do Treasurers and Controllers Make in District of Columbia?
The treasurers and controllers working in District of Columbia, wages run about $181,210 per year (or roughly $87.12/hour).
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $129,010 | $62.02 |
| 25th percentile | $154,200 | $74.14 |
| Median (50th) | $181,210 | $87.12 |
| 75th percentile | $212,990 | $102.40 |
| 90th percentile | n/a | n/a |
Location quotient — how concentrated this career is in District of Columbia relative to the national average — is 2.11, suggesting that treasurers and controllers are more concentrated here than the national average.
National Wage Comparison
Nationally, treasurers and controllers earn a median of $162,461 per year ($78.11/hour), above the District of Columbia median.
Employment Outlook
Nationally, total employment in this occupation is 228,389 treasurers and controllers nationwide. In District of Columbia alone, approximately 7,950 people work in this role. That’s right around the typical state median of 7,950.
Top District of Columbia Metros for Treasurers and Controllers
The metro areas below employ the most treasurers and controllers in District of Columbia.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 25,520 | $177,690 |
Top States for Treasurers and Controllers Employment
The table below shows the states where the most treasurers and controllers work.
| State | Number Employed |
|---|---|
| California | 96,860 |
| Texas | 67,580 |
| New York | 67,510 |
| Illinois | 53,400 |
| Florida | 47,710 |
| New Jersey | 32,370 |
| Pennsylvania | 31,750 |
| Ohio | 27,920 |
| Massachusetts | 27,690 |
| Georgia | 22,720 |
| North Carolina | 21,170 |
| Virginia | 20,590 |
| Connecticut | 20,200 |
| Maryland | 19,920 |
| Michigan | 19,690 |
| Tennessee | 18,650 |
| Minnesota | 16,520 |
| Arizona | 14,570 |
| Washington | 13,890 |
| Wisconsin | 13,750 |
Highest-Paying States for Treasurers and Controllers
The highest-paying states for treasurers and controllers.
| State | Annual Median Salary |
|---|---|
| New York | $215,740 |
| New Jersey | $188,750 |
| District of Columbia | $181,210 |
| Massachusetts | $181,170 |
| Delaware | $180,050 |
| California | $174,920 |
| Colorado | $174,840 |
| Washington | $171,300 |
| Virginia | $170,290 |
| Connecticut | $169,730 |
Skills
Key treasurers and controllers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Key knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Top abilities for treasurers and controllers, rated on an importance scale of 0 to 5:
Daily Tasks
Treasurers and Controllers typically:
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
- Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
- Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
- Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
- Receive cash and checks and make deposits.
- Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
- Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
- Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
- Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
Work Activities
- Getting Information
- Making Decisions and Solving Problems
- Communicating with Supervisors, Peers, or Subordinates
- Analyzing Data or Information
- Working with Computers
- Communicating with People Outside the Organization
- Establishing and Maintaining Interpersonal Relationships
- Processing Information
- Developing Objectives and Strategies
- Organizing, Planning, and Prioritizing Work
- Updating and Using Relevant Knowledge
- Interpreting the Meaning of Information for Others
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Hypertext markup language HTML, Intuit QuickBooks In-demand technologies: Accounting software
What Major Will Prepare You For This Career?
Programs that train for this career include:
- Finance & Financial Management
- Accounting
- Business Administration & Management
- Data Analytics
- Accounting & Computer Science
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Related Careers
Careers similar to treasurers and controllers include:
- Financial Managers
- Investment Fund Managers
- Compensation and Benefits Managers
- Project Management Specialists
- Management Analysts
- Compensation, Benefits, and Job Analysis Specialists
Also Known As
City Comptroller, City Controller, City Treasurer, Comptroller, Controller, Corporate Controller, Corporate Treasurer, Cost Controller, County Treasurer, Financial Controller, Financial Engineer, Financial Institution Treasurer, Financial Officer, Financier, Plant Controller.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-3031.01
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