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The differences between accounting managers and finance planning managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an accounting manager and a finance planning manager. Additionally, a finance planning manager has an average salary of $109,162, which is higher than the $84,451 average annual salary of an accounting manager.
The top three skills for an accounting manager include reconciliations, CPA and GAAP. The most important skills for a finance planning manager are financial analysis, financial planning analysis, and financial models.
| Accounting Manager | Finance Planning Manager | |
| Yearly salary | $84,451 | $109,162 |
| Hourly rate | $40.60 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 92,089 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
An accounting manager is responsible for supervising and monitoring the overall accounting department operations. Duties of an accounting manager include reviewing account information and account statements, processing invoices, analyzing financial data, performing account reconciliations, assisting with tax processing and audit reports, and generating financial reports for presentation with the board. An accounting manager must have excellent knowledge of the accounting principles and legislation to assist the team with the company's financial goals. Accounting managers must have the outstanding analytical, critical thinking, and decision-making skills to develop the best competitive financial strategies.
A finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Accounting managers and finance planning managers have different pay scales, as shown below.
| Accounting Manager | Finance Planning Manager | |
| Average salary | $84,451 | $109,162 |
| Salary range | Between $60,000 And $117,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Vermont | Delaware |
| Best paying company | Morgan Lewis | Metropolitan Water District of Southern California |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an accounting manager and a finance planning manager in terms of educational background:
| Accounting Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between accounting managers' and finance planning managers' demographics:
| Accounting Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 40.4% Female, 59.6% | Male, 69.8% Female, 30.2% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 10.0% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |