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The differences between business manager-finance managers and administrative & 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 business manager-finance manager and an administrative & finance manager. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $76,989 average annual salary of an administrative & finance manager.
The top three skills for a business manager-finance manager include financial analysis, project management and financial management. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.
| Business Manager-Finance Manager | Administrative & Finance Manager | |
| Yearly salary | $106,036 | $76,989 |
| Hourly rate | $50.98 | $37.01 |
| Growth rate | 17% | 17% |
| Number of jobs | 180,161 | 143,109 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 63% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
Business manager-finance managers and administrative & finance managers have different pay scales, as shown below.
| Business Manager-Finance Manager | Administrative & Finance Manager | |
| Average salary | $106,036 | $76,989 |
| Salary range | Between $73,000 And $152,000 | Between $55,000 And $107,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | ZS | Meta |
| Best paying industry | Finance | Insurance |
There are a few differences between a business manager-finance manager and an administrative & finance manager in terms of educational background:
| Business Manager-Finance Manager | Administrative & Finance Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business manager-finance managers' and administrative & finance managers' demographics:
| Business Manager-Finance Manager | Administrative & Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 50.7% Female, 49.3% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |