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Board president vs chief finance officer

The differences between board presidents 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 president and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $51,379 average annual salary of a board president.

The top three skills for a board president include financial reports, non-profit organization and policy development. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Board president vs chief finance officer overview

Board PresidentChief Finance Officer
Yearly salary$51,379$143,947
Hourly rate$24.70$69.21
Growth rate6%6%
Number of jobs33,192145,184
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 72%
Average age5252
Years of experience--

Board president vs chief finance officer salary

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

Board PresidentChief Finance Officer
Average salary$51,379$143,947
Salary rangeBetween $26,000 And $101,000Between $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 president and chief finance officer education

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

Board PresidentChief Finance Officer
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Board president vs chief finance officer demographics

Here are the differences between board presidents' and chief finance officers' demographics:

Board PresidentChief Finance Officer
Average age5252
Gender ratioMale, 47.9% Female, 52.1%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.5% White, 76.8% 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 president and chief finance officer duties and responsibilities

Board president example responsibilities.

  • Identify deficiencies in Facebook postings and personally take on task of updating status frequently and managing the Facebook page.
  • Lead the facility in implementing person-centered care/hospitality philosophy, electronic medical records, maximization of Medicare reimbursement, and alternative therapies.
  • Provide project management oversight and build strategic fund-raising plans for multiple organizations to help drive program expansions to serve more clients.
  • Exercise general oversight and demonstrate leadership skills.
  • Increase awareness for PTSD and other emotional disabilities associate with veterans.
  • Research procedures and establish LLC status and implement asset protection measures to decrease property loss/theft.
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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.
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Board president vs chief finance officer skills

Common board president skills
  • Financial Reports, 17%
  • Non-Profit Organization, 15%
  • Policy Development, 9%
  • Community Outreach, 7%
  • Oversight, 7%
  • Executive Board, 6%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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