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The differences between bank managers and business manager-finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a bank manager and a business manager-finance manager. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $96,910 average annual salary of a bank manager.
The top three skills for a bank manager include bank products, financial services and business development. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.
| Bank Manager | Business Manager-Finance Manager | |
| Yearly salary | $96,910 | $106,036 |
| Hourly rate | $46.59 | $50.98 |
| Growth rate | 17% | 17% |
| Number of jobs | 66,136 | 180,161 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A bank manager is responsible for supervising banking operations and monitoring staff performance in providing the best customer service for clients with their banking needs and financial transactions. Bank managers assist the staff with the complexities of processes, train new hires, and strategize the development of services that would contribute to the bank's success. They also conduct fund audits and create accounts receivable reports at the end of the day. A bank manager responds to clients' inquiries and concerns, resolve complaints, and manage account disputes.
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
Bank managers and business manager-finance managers have different pay scales, as shown below.
| Bank Manager | Business Manager-Finance Manager | |
| Average salary | $96,910 | $106,036 |
| Salary range | Between $65,000 And $142,000 | Between $73,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Accenture | ZS |
| Best paying industry | Finance | Finance |
There are a few differences between a bank manager and a business manager-finance manager in terms of educational background:
| Bank Manager | Business Manager-Finance Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank managers' and business manager-finance managers' demographics:
| Bank Manager | Business Manager-Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.9% Female, 51.1% | Male, 58.8% Female, 41.2% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |