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The differences between chief finance and operating officers and vice president and managers 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 vice president and manager 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 $142,496 average annual salary of a vice president and 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 vice president and manager are customer service, financial statements, and real estate.
| Chief Finance And Operating Officer | Vice President And Manager | |
| Yearly salary | $166,139 | $142,496 |
| Hourly rate | $79.87 | $68.51 |
| Growth rate | 17% | 6% |
| Number of jobs | 166,131 | 45,981 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| 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 vice president/manager is responsible for monitoring the operations of the organization's departments, ensuring the completion of all tasks accurately to achieve business goals and client satisfaction. A vice president/manager often attends board meetings to share updates, identify business opportunities, and develop strategical procedures on improving the company's project management system. They also monitor budget goals and develop sales initiatives to boost the company's profitability. A vice president/manager must have excellent leadership and communication skills, as well as strong decision-making skills to make company decisions for overall development.
Chief finance and operating officers and vice president and managers have different pay scales, as shown below.
| Chief Finance And Operating Officer | Vice President And Manager | |
| Average salary | $166,139 | $142,496 |
| Salary range | Between $87,000 And $314,000 | Between $102,000 And $198,000 |
| Highest paying City | Foster City, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | University of Nebraska at Omaha | McCormack Baron Salazar |
| Best paying industry | Internet | Finance |
There are a few differences between a chief finance and operating officer and a vice president and manager in terms of educational background:
| Chief Finance And Operating Officer | Vice President And Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| 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 vice president and managers' demographics:
| Chief Finance And Operating Officer | Vice President And Manager | |
| Average age | 46 | 52 |
| Gender ratio | Male, 80.5% Female, 19.5% | Male, 67.8% Female, 32.2% |
| 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, 3.6% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 77.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |