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The differences between chief administrative officers and finance vice presidents 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 finance vice president takes usually requires 6-8 years. Additionally, a chief administrative officer has an average salary of $174,185, which is higher than the $147,603 average annual salary of a finance vice president.
The top three skills for a chief administrative officer include human resources, oversight and financial management. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Chief Administrative Officer | Finance Vice President | |
| Yearly salary | $174,185 | $147,603 |
| Hourly rate | $83.74 | $70.96 |
| Growth rate | 7% | 17% |
| Number of jobs | 123,074 | 111,219 |
| Job satisfaction | 5 | 5 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Average age | 50 | 46 |
| Years of experience | 2 | 8 |
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.
The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
Chief administrative officers and finance vice presidents have different pay scales, as shown below.
| Chief Administrative Officer | Finance Vice President | |
| Average salary | $174,185 | $147,603 |
| Salary range | Between $109,000 And $277,000 | Between $98,000 And $222,000 |
| Highest paying City | Chicago, IL | San Francisco, CA |
| Highest paying state | Vermont | Alaska |
| Best paying company | Bon Secours Community Hospital | Baltimore City Community College |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a chief administrative officer and a finance vice president in terms of educational background:
| Chief Administrative Officer | Finance Vice President | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between chief administrative officers' and finance vice presidents' demographics:
| Chief Administrative Officer | Finance Vice President | |
| Average age | 50 | 46 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 73.7% Female, 26.3% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 5% | 11% |