Administrative & finance manager vs business manager

The differences between administrative & finance managers and business managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an administrative & finance manager, becoming a business manager takes usually requires 4-6 years. Additionally, a business manager has an average salary of $83,198, which is higher than the $76,989 average annual salary of an administrative & finance manager.

The top three skills for an administrative & finance manager include payroll processing, human resources and oversight. The most important skills for a business manager are customer service, powerpoint, and project management.

Administrative & finance manager vs business manager overview

	Administrative & Finance Manager	Business Manager
Yearly salary	$76,989	$83,198
Hourly rate	$37.01	$40.00
Growth rate	17%	6%
Number of jobs	143,109	377,191
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 65%
Average age	46	44
Years of experience	8	6

What does an administrative & finance manager do?

An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.

What does a business manager do?

A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.

Administrative & finance manager vs business manager salary

Administrative & finance managers and business managers have different pay scales, as shown below.

	Administrative & Finance Manager	Business Manager
Average salary	$76,989	$83,198
Salary range	Between $55,000 And $107,000	Between $47,000 And $145,000
Highest paying City	New York, NY	Seattle, WA
Highest paying state	New York	Washington
Best paying company	Meta	The Citadel
Best paying industry	Insurance	Technology

Differences between administrative & finance manager and business manager education

There are a few differences between an administrative & finance manager and a business manager in terms of educational background:

	Administrative & Finance Manager	Business Manager
Most common degree	Bachelor's Degree, 63%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Administrative & finance manager vs business manager demographics

Here are the differences between administrative & finance managers' and business managers' demographics:

	Administrative & Finance Manager	Business Manager
Average age	46	44
Gender ratio	Male, 50.7% Female, 49.3%	Male, 43.2% Female, 56.8%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%	Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%
LGBT Percentage	11%	10%

Differences between administrative & finance manager and business manager duties and responsibilities

Administrative & finance manager example responsibilities.

Manage payroll and organizational projects using QuickBooks for non-profits.
Process bi-weekly payroll utilizing QuickBooks and manage financial and clinical performance.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Prepare monthly and annual financial statements along with supporting schedules resulting in minimal follow up by external CPA's.
Work closely with the CPA firm to ensure proper income tax filing and keep the company books flowing smoothly.
Direct ERP system implementation, establish beginning balances and database information, and train users on applications and requirements.

Business manager example responsibilities.

Coordinate and manage hvac projects from estimate to invoice.
Manage accounting, treasury, and process improvement initiatives to effect financial turnaround of CMRO business unit.
Manage and supervise firm operations on a daily basis including purchases, accounting, scheduling of vendors, attorney and CPA.
Create solutions in the areas of invoicing, AR reporting and payment methods that lead to system improvements and streamline processes.
Manage all human resource activities, operational processes and financial oversight.
Develop internal operating procedures design to achieve efficient clinic operations and maximum service to patients.

Administrative & finance manager vs business manager skills

Common administrative & finance manager skills

Payroll Processing, 10%
Human Resources, 7%
Oversight, 7%
Administrative Procedures, 6%
Financial Management, 5%
Financial Analysis, 5%

Common business manager skills

Customer Service, 21%
PowerPoint, 7%
Project Management, 6%
Human Resources, 6%
Payroll Taxes, 5%
Business Plan, 4%

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Administrative & Finance Manager
Administrative & Finance Manager vs Business Manager

Updated January 8, 2025

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