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The differences between chief finance and operating officers and chief executive officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a chief finance and operating officer, becoming a chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $166,139 average annual salary of a chief finance and operating officer.
The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a chief executive officer are healthcare, patients, and patient care.
| Chief Finance And Operating Officer | Chief Executive Officer | |
| Yearly salary | $166,139 | $192,260 |
| Hourly rate | $79.87 | $92.43 |
| Growth rate | 17% | 6% |
| Number of jobs | 166,131 | 149,185 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 59% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
A Chief Finance and Operating Officer is a senior executive who is part of the management team that manages the financial actions of an organization. This executive must produce financial statements to communicate results with shareholders and stakeholders of the organization. They must revise all their financial policies and procedures to strengthen internal controls and ensure the continuance of work to accommodate rapid growth. They must also establish cross-functional alliances to assist the effectiveness of the organization's marketing and business development initiatives.
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Chief finance and operating officers and chief executive officers have different pay scales, as shown below.
| Chief Finance And Operating Officer | Chief Executive Officer | |
| Average salary | $166,139 | $192,260 |
| Salary range | Between $87,000 And $314,000 | Between $104,000 And $354,000 |
| Highest paying City | Foster City, CA | Urban Honolulu, HI |
| Highest paying state | California | Hawaii |
| Best paying company | University of Nebraska at Omaha | Alecto Healthcare Services LLC |
| Best paying industry | Internet | Start-up |
There are a few differences between a chief finance and operating officer and a chief executive officer in terms of educational background:
| Chief Finance And Operating Officer | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 59% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance and operating officers' and chief executive officers' demographics:
| Chief Finance And Operating Officer | Chief Executive Officer | |
| Average age | 46 | 52 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 68.5% Female, 31.5% |
| Race ratio | Black or African American, 8.1% Unknown, 4.1% Hispanic or Latino, 14.9% Asian, 8.5% White, 64.1% American Indian and Alaska Native, 0.3% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |