Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between chief finance and operating officers and finance vice presidents 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 vice president. Additionally, a chief finance and operating officer has an average salary of $166,139, which is higher than the $147,603 average annual salary of a finance 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 finance vice president are CPA, financial analysis, and oversight.
| Chief Finance And Operating Officer | Finance Vice President | |
| Yearly salary | $166,139 | $147,603 |
| Hourly rate | $79.87 | $70.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 166,131 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| 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 vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
Chief finance and operating officers and finance vice presidents have different pay scales, as shown below.
| Chief Finance And Operating Officer | Finance Vice President | |
| Average salary | $166,139 | $147,603 |
| Salary range | Between $87,000 And $314,000 | Between $98,000 And $222,000 |
| Highest paying City | Foster City, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | University of Nebraska at Omaha | Baltimore City Community College |
| Best paying industry | Internet | Manufacturing |
There are a few differences between a chief finance and operating officer and a finance vice president in terms of educational background:
| Chief Finance And Operating Officer | Finance Vice President | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| 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 vice presidents' demographics:
| Chief Finance And Operating Officer | Finance Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 73.7% Female, 26.3% |
| 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, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |