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The differences between chief finance and operating officers and corporate vice presidents 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 corporate vice president takes usually requires More than 10 years. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $165,788 average annual salary of a corporate vice president.
The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a corporate vice president are risk management, portfolio, and oversight.
| Chief Finance And Operating Officer | Corporate Vice President | |
| Yearly salary | $166,139 | $165,788 |
| Hourly rate | $79.87 | $79.71 |
| Growth rate | 17% | 6% |
| Number of jobs | 166,131 | 69,051 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| 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 corporate vice president is an executive professional who is vital in managing staff and supervising departmental operations of a corporation. Corporate vice presidents must assist the president and the board of directors in designing the overall mission, values, and strategic goals of the corporation. As determined by the business's strategic goals, vice presidents must contribute to sales innovations, strategic business development, and the profitability of the corporation. Corporate vice presidents must also attend meetings with the board of directors to share information about competitors and expansion opportunities.
Chief finance and operating officers and corporate vice presidents have different pay scales, as shown below.
| Chief Finance And Operating Officer | Corporate Vice President | |
| Average salary | $166,139 | $165,788 |
| Salary range | Between $87,000 And $314,000 | Between $113,000 And $242,000 |
| Highest paying City | Foster City, CA | Washington, DC |
| Highest paying state | California | Nevada |
| Best paying company | University of Nebraska at Omaha | Brookfield Properties |
| Best paying industry | Internet | Hospitality |
There are a few differences between a chief finance and operating officer and a corporate vice president in terms of educational background:
| Chief Finance And Operating Officer | Corporate Vice President | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between chief finance and operating officers' and corporate vice presidents' demographics:
| Chief Finance And Operating Officer | Corporate Vice President | |
| Average age | 46 | 52 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 73.8% Female, 26.2% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |