Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between chief finance and operating officers and finance managers 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 manager. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $101,374 average annual salary of a finance manager.
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 manager are financial analysis, CPA, and customer service.
| Chief Finance And Operating Officer | Finance Manager | |
| Yearly salary | $166,139 | $101,374 |
| Hourly rate | $79.87 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 166,131 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| 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.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Chief finance and operating officers and finance managers have different pay scales, as shown below.
| Chief Finance And Operating Officer | Finance Manager | |
| Average salary | $166,139 | $101,374 |
| Salary range | Between $87,000 And $314,000 | Between $71,000 And $144,000 |
| Highest paying City | Foster City, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | University of Nebraska at Omaha | Barclays |
| Best paying industry | Internet | Finance |
There are a few differences between a chief finance and operating officer and a finance manager in terms of educational background:
| Chief Finance And Operating Officer | Finance Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| 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 finance managers' demographics:
| Chief Finance And Operating Officer | Finance Manager | |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |