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The differences between business manager-finance managers and finance leaders 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 a finance leader. Additionally, a finance leader has an average salary of $117,284, 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 finance leader are financial analysis, financial management, and business development.
| Business Manager-Finance Manager | Finance Leader | |
| Yearly salary | $106,036 | $117,284 |
| Hourly rate | $50.98 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 180,161 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| 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.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Business manager-finance managers and finance leaders have different pay scales, as shown below.
| Business Manager-Finance Manager | Finance Leader | |
| Average salary | $106,036 | $117,284 |
| Salary range | Between $73,000 And $152,000 | Between $78,000 And $174,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | ZS | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between a business manager-finance manager and a finance leader in terms of educational background:
| Business Manager-Finance Manager | Finance Leader | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business manager-finance managers' and finance leaders' demographics:
| Business Manager-Finance Manager | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 60.0% Female, 40.0% |
| 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, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |