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The differences between administrative & finance 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 administrative & finance manager and a finance planning manager. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Administrative & Finance Manager | Finance Planning Manager | |
| Yearly salary | $76,989 | $109,162 |
| Hourly rate | $37.01 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 143,109 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 73% |
| 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.
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.
Administrative & finance managers and finance planning managers have different pay scales, as shown below.
| Administrative & Finance Manager | Finance Planning Manager | |
| Average salary | $76,989 | $109,162 |
| Salary range | Between $55,000 And $107,000 | Between $78,000 And $152,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Delaware |
| Best paying company | Meta | Metropolitan Water District of Southern California |
| Best paying industry | Insurance | Manufacturing |
There are a few differences between an administrative & finance manager and a finance planning manager in terms of educational background:
| Administrative & Finance Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between administrative & finance managers' and finance planning managers' demographics:
| Administrative & Finance Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 69.8% Female, 30.2% |
| 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, 7.4% 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% |