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The differences between bank 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 a bank manager and a finance planning manager. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Bank Manager | Finance Planning Manager | |
| Yearly salary | $96,910 | $109,162 |
| Hourly rate | $46.59 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 66,136 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| 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 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.
Bank managers and finance planning managers have different pay scales, as shown below.
| Bank Manager | Finance Planning Manager | |
| Average salary | $96,910 | $109,162 |
| Salary range | Between $65,000 And $142,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Delaware |
| Best paying company | Accenture | Metropolitan Water District of Southern California |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a bank manager and a finance planning manager in terms of educational background:
| Bank Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank managers' and finance planning managers' demographics:
| Bank Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.9% Female, 51.1% | Male, 69.8% Female, 30.2% |
| 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, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |