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The differences between chief finance and operating officers and president/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 president/chief executive officer takes usually requires More than 10 years. Additionally, a president/chief executive officer has an average salary of $240,732, 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 president/chief executive officer are financial management, revenue growth, and R.
| Chief Finance And Operating Officer | President/Chief Executive Officer | |
| Yearly salary | $166,139 | $240,732 |
| Hourly rate | $79.87 | $115.74 |
| Growth rate | 17% | 6% |
| Number of jobs | 166,131 | 163,378 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 64% |
| 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.
Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.
Chief finance and operating officers and president/chief executive officers have different pay scales, as shown below.
| Chief Finance And Operating Officer | President/Chief Executive Officer | |
| Average salary | $166,139 | $240,732 |
| Salary range | Between $87,000 And $314,000 | Between $134,000 And $429,000 |
| Highest paying City | Foster City, CA | Washington, DC |
| Highest paying state | California | New Jersey |
| Best paying company | University of Nebraska at Omaha | Better Homes and Gardens Real Estate |
| Best paying industry | Internet | Finance |
There are a few differences between a chief finance and operating officer and a president/chief executive officer in terms of educational background:
| Chief Finance And Operating Officer | President/Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 64% |
| 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 president/chief executive officers' demographics:
| Chief Finance And Operating Officer | President/Chief Executive Officer | |
| Average age | 46 | 52 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 78.9% Female, 21.1% |
| 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, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |