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The differences between chief administrative officers and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a chief administrative officer, becoming a chief finance officer takes usually requires More than 10 years. Additionally, a chief administrative officer has an average salary of $174,185, which is higher than the $143,947 average annual salary of a chief finance officer.
The top three skills for a chief administrative officer include human resources, oversight and financial management. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Chief Administrative Officer | Chief Finance Officer | |
| Yearly salary | $174,185 | $143,947 |
| Hourly rate | $83.74 | $69.21 |
| Growth rate | 7% | 6% |
| Number of jobs | 123,074 | 145,184 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 72% |
| Average age | 50 | 52 |
| Years of experience | 2 | - |
A chief administrative officer's responsibilities revolve around overseeing the company's daily operations, ensuring efficiency and smooth workflow. They typically devise strategies to improve workforce performance, perform research and analysis to identify new business opportunities, prepare progress and financial reports, delegate tasks to department managers, and set objectives for them to uphold. Furthermore, as a chief administrative officer, it is essential to lead and encourage different departments to reach goals, all while implementing the company's policies and regulations, recommending new ones as needed.
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.
Chief administrative officers and chief finance officers have different pay scales, as shown below.
| Chief Administrative Officer | Chief Finance Officer | |
| Average salary | $174,185 | $143,947 |
| Salary range | Between $109,000 And $277,000 | Between $80,000 And $257,000 |
| Highest paying City | Chicago, IL | Washington, DC |
| Highest paying state | Vermont | California |
| Best paying company | Bon Secours Community Hospital | Baker McKenzie |
| Best paying industry | Health Care | Construction |
There are a few differences between a chief administrative officer and a chief finance officer in terms of educational background:
| Chief Administrative Officer | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between chief administrative officers' and chief finance officers' demographics:
| Chief Administrative Officer | Chief Finance Officer | |
| Average age | 50 | 52 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 71.9% Female, 28.1% |
| Race ratio | Black or African American, 10.1% Unknown, 4.3% Hispanic or Latino, 13.9% Asian, 4.3% White, 66.8% American Indian and Alaska Native, 0.5% | 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 | 5% | 12% |