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Board member, president vs chief finance officer

The differences between board members, president and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a board member, president and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $47,458 average annual salary of a board member, president.

The top three skills for a board member, president include financial statements, non-profit organization and student organizations. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Board member, president vs chief finance officer overview

Board Member, PresidentChief Finance Officer
Yearly salary$47,458$143,947
Hourly rate$22.82$69.21
Growth rate6%6%
Number of jobs36,780145,184
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 72%
Average age5252
Years of experience--

Board member, president vs chief finance officer salary

Board members, president and chief finance officers have different pay scales, as shown below.

Board Member, PresidentChief Finance Officer
Average salary$47,458$143,947
Salary rangeBetween $25,000 And $86,000Between $80,000 And $257,000
Highest paying City-Washington, DC
Highest paying state-California
Best paying company-Baker McKenzie
Best paying industry-Construction

Differences between board member, president and chief finance officer education

There are a few differences between a board member, president and a chief finance officer in terms of educational background:

Board Member, PresidentChief Finance Officer
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Board member, president vs chief finance officer demographics

Here are the differences between board members, president' and chief finance officers' demographics:

Board Member, PresidentChief Finance Officer
Average age5252
Gender ratioMale, 53.4% Female, 46.6%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.7% White, 76.2% American Indian and Alaska Native, 0.6%Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between board member, president and chief finance officer duties and responsibilities

Board member, president example responsibilities.

  • Founded, develop and manage a playwriting group for NYC playwrights.
  • Lead monthly meetings of membership consisting of parents and alumni.
  • Lead board members to design and host events, advertising by Facebook, newsletter, and recruit new board members.
  • Collaborate with local and national alumni to coordinate chapter rules and regulations as stipulated per the sorority by-laws.
  • Establish and implement quality and inventory control measures, handle payroll, calculate menu cost analysis and coordinate marketing/customer retention programs.
  • Provide the functional specifications for data migration to windows base system.

Chief finance officer example responsibilities.

  • Lead management team in developing and executing a combination of pricing and cost savings strategies that improve EBITDA more than threefold.
  • Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
  • Lead system conversion to Hyperion planning budgeting/forecasting software, responsible for training, developing and implementation.
  • Manage all firm banking relationships, treasury functions and retain signatory authority for all partnership and corporate accounts.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Prepare annual general ledger reconciliations and consolidate financial reports for CPA tax preparation.
  • Show more

Board member, president vs chief finance officer skills

Common board member, president skills
  • Financial Statements, 16%
  • Non-Profit Organization, 10%
  • Student Organizations, 7%
  • Oversight, 5%
  • Alumni, 4%
  • Fund Raising, 3%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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