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The differences between board of directorss member 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 of directors member and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $69,241 average annual salary of a board of directors member.
The top three skills for a board of directors member include financial statements, non-profit organization and oversight. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Board Of Directors Member | Chief Finance Officer | |
| Yearly salary | $69,241 | $143,947 |
| Hourly rate | $33.29 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 14,968 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A board of directors member's role is to represent a particular area or personnel within or outside an organization. They are primarily responsible for attending meetings, understanding concerns and giving a vote, crafting policies that would benefit the company and assets they represent, and then implementing them upon other members' approval. Furthermore, they have the power to make corporate decisions revolving around the workforce and financial matters, all in adherence to a business or organization's vision, mission, and policies.
A chief financial officer is responsible for managing and reviewing the financial status of a company. Chief financial officers' duties include ensuring the accuracy of financial reports, monitoring the company's expenses and budget goals, providing recommendations to prevent financial loss and increase revenues, processing the company's tax obligations, and resolving financial disputes. A chief financial officer must have an impeccable knowledge of the financial industry, updated with the current market trend, and strong leadership and decision-making skills to support the organization's financial department.
Board of directorss member and chief finance officers have different pay scales, as shown below.
| Board Of Directors Member | Chief Finance Officer | |
| Average salary | $69,241 | $143,947 |
| Salary range | Between $31,000 And $150,000 | Between $80,000 And $257,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | California |
| Best paying company | - | Baker McKenzie |
| Best paying industry | - | Construction |
There are a few differences between a board of directors member and a chief finance officer in terms of educational background:
| Board Of Directors Member | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between board of directorss member' and chief finance officers' demographics:
| Board Of Directors Member | Chief Finance Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 71.9% Female, 28.1% |
| Race ratio | 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% | 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 Percentage | 12% | 12% |