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The differences between administrative & finance managers and finance leaders can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an administrative & finance manager and a finance leader. Additionally, a finance leader has an average salary of $117,284, 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 finance leader are financial analysis, financial management, and business development.
| Administrative & Finance Manager | Finance Leader | |
| Yearly salary | $76,989 | $117,284 |
| Hourly rate | $37.01 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 143,109 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 69% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Administrative & finance managers and finance leaders have different pay scales, as shown below.
| Administrative & Finance Manager | Finance Leader | |
| Average salary | $76,989 | $117,284 |
| Salary range | Between $55,000 And $107,000 | Between $78,000 And $174,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Oregon |
| Best paying company | Meta | Apple |
| Best paying industry | Insurance | Finance |
There are a few differences between an administrative & finance manager and a finance leader in terms of educational background:
| Administrative & Finance Manager | Finance Leader | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 69% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between administrative & finance managers' and finance leaders' demographics:
| Administrative & Finance Manager | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 60.0% Female, 40.0% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |