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The differences between chief finance and operating officers and finance leaders can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a chief finance and operating officer and a finance leader. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $117,284 average annual salary of a finance leader.
The top three skills for a chief finance and operating officer include financial statements, oversight and human resources. The most important skills for a finance leader are financial analysis, financial management, and business development.
| Chief Finance And Operating Officer | Finance Leader | |
| Yearly salary | $166,139 | $117,284 |
| Hourly rate | $79.87 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 166,131 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 46 | 46 |
| Years of experience | 8 | 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.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Chief finance and operating officers and finance leaders have different pay scales, as shown below.
| Chief Finance And Operating Officer | Finance Leader | |
| Average salary | $166,139 | $117,284 |
| Salary range | Between $87,000 And $314,000 | Between $78,000 And $174,000 |
| Highest paying City | Foster City, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | University of Nebraska at Omaha | Apple |
| Best paying industry | Internet | Finance |
There are a few differences between a chief finance and operating officer and a finance leader in terms of educational background:
| Chief Finance And Operating Officer | Finance Leader | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance and operating officers' and finance leaders' demographics:
| Chief Finance And Operating Officer | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 60.0% Female, 40.0% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |