Bank manager vs finance manager

The differences between bank managers and 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 finance manager. Additionally, a finance manager has an average salary of $101,374, 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 finance manager are financial analysis, CPA, and customer service.

Bank manager vs finance manager overview

	Bank Manager	Finance Manager
Yearly salary	$96,910	$101,374
Hourly rate	$46.59	$48.74
Growth rate	17%	17%
Number of jobs	66,136	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does a bank manager do?

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.

What does a finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Bank manager vs finance manager salary

Bank managers and finance managers have different pay scales, as shown below.

	Bank Manager	Finance Manager
Average salary	$96,910	$101,374
Salary range	Between $65,000 And $142,000	Between $71,000 And $144,000
Highest paying City	San Francisco, CA	New York, NY
Highest paying state	California	New York
Best paying company	Accenture	Barclays
Best paying industry	Finance	Finance

Differences between bank manager and finance manager education

There are a few differences between a bank manager and a finance manager in terms of educational background:

	Bank Manager	Finance Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Bank manager vs finance manager demographics

Here are the differences between bank managers' and finance managers' demographics:

	Bank Manager	Finance Manager
Average age	46	46
Gender ratio	Male, 48.9% Female, 51.1%	Male, 60.0% Female, 40.0%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between bank manager and finance manager duties and responsibilities

Bank manager example responsibilities.

Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
Collaborate with corporate training designers and facilitators to plan, develop and execute AML and KYC relate training.
Handle escalations in the absence of the FCM; ensure enterprise complaint tracking own resource management for the financial center.
Team up with FCM and regional recruiter in interview and hiring process.
Perform other jobs and relate projects as assigned including mentoring sales employees to exceed assign goals by Bancorp.
Monitor all banking operations according to the federal rules and regulations, including performing monthly audits, and following Bancorp standards.

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Finance manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

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Bank manager vs finance manager skills

Common bank manager skills

Bank Products, 7%
Financial Services, 7%
Business Development, 6%
Secrecy, 6%
Bank Secrecy Act, 6%
Community Involvement, 5%

Common finance manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%

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Updated January 8, 2025

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