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The differences between chief executive officer/managers and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a chief executive officer/manager and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $140,165 average annual salary of a chief executive officer/manager.
The top three skills for a chief executive officer/manager include financial statements, payroll and product development. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Chief Executive Officer/Manager | Chief Finance Officer | |
| Yearly salary | $140,165 | $143,947 |
| Hourly rate | $67.39 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 155,545 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A chief executive officer (CEO) serves as the leader, information or visionary bearer, manager, board developer, and the decision-maker of an organization. CEOs support the administration and operations of the board by extending advice and support. These executives handle the organization's human resources based on authorized personnel procedures and policies. They make sure that their organization and its products, mission, services, and programs appear strong and positive to target stakeholders. Also, they need to develop skills in negotiation, communication, and corporate governance.
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 executive officer/managers and chief finance officers have different pay scales, as shown below.
| Chief Executive Officer/Manager | Chief Finance Officer | |
| Average salary | $140,165 | $143,947 |
| Salary range | Between $100,000 And $196,000 | Between $80,000 And $257,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Hawaii | California |
| Best paying company | Parallels | Baker McKenzie |
| Best paying industry | Manufacturing | Construction |
There are a few differences between a chief executive officer/manager and a chief finance officer in terms of educational background:
| Chief Executive Officer/Manager | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief executive officer/managers' and chief finance officers' demographics:
| Chief Executive Officer/Manager | Chief Finance Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 65.5% Female, 34.5% | Male, 71.9% Female, 28.1% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% | 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 | 12% | 12% |