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The differences between business manager-finance managers and business directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a business manager-finance manager, becoming a business director takes usually requires 4-6 years. Additionally, a business director has an average salary of $124,563, which is higher than the $106,036 average annual salary of a business manager-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 a business director are project management, healthcare, and sigma.
| Business Manager-Finance Manager | Business Director | |
| Yearly salary | $106,036 | $124,563 |
| Hourly rate | $50.98 | $59.89 |
| Growth rate | 17% | 6% |
| Number of jobs | 180,161 | 137,880 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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.
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
Business manager-finance managers and business directors have different pay scales, as shown below.
| Business Manager-Finance Manager | Business Director | |
| Average salary | $106,036 | $124,563 |
| Salary range | Between $73,000 And $152,000 | Between $86,000 And $178,000 |
| Highest paying City | San Francisco, CA | Providence, RI |
| Highest paying state | California | Rhode Island |
| Best paying company | ZS | Ep Energy |
| Best paying industry | Finance | Finance |
There are a few differences between a business manager-finance manager and a business director in terms of educational background:
| Business Manager-Finance Manager | Business Director | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business manager-finance managers' and business directors' demographics:
| Business Manager-Finance Manager | Business Director | |
| Average age | 46 | 44 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 63.3% Female, 36.7% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 68.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |