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The differences between chief finance officers and assistant directors of finance can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a chief finance officer, becoming an assistant director of finance takes usually requires 6-8 years. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $71,057 average annual salary of an assistant director of finance.
The top three skills for a chief finance officer include payroll, CPA and oversight. The most important skills for an assistant director of finance are customer service, payroll, and reconciliations.
| Chief Finance Officer | Assistant Director Of Finance | |
| Yearly salary | $143,947 | $71,057 |
| Hourly rate | $69.21 | $34.16 |
| Growth rate | 6% | 17% |
| Number of jobs | 145,184 | 98,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A chief financial officer is responsible for managing and reviewing the financial status of a company. Chief financial officers' duties include ensuring the accuracy of financial reports, monitoring the company's expenses and budget goals, providing recommendations to prevent financial loss and increase revenues, processing the company's tax obligations, and resolving financial disputes. A chief financial officer must have an impeccable knowledge of the financial industry, updated with the current market trend, and strong leadership and decision-making skills to support the organization's financial department.
An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.
Chief finance officers and assistant directors of finance have different pay scales, as shown below.
| Chief Finance Officer | Assistant Director Of Finance | |
| Average salary | $143,947 | $71,057 |
| Salary range | Between $80,000 And $257,000 | Between $46,000 And $109,000 |
| Highest paying City | Washington, DC | Oakland, CA |
| Highest paying state | California | New York |
| Best paying company | Baker McKenzie | UCI Health |
| Best paying industry | Construction | Utilities |
There are a few differences between a chief finance officer and an assistant director of finance in terms of educational background:
| Chief Finance Officer | Assistant Director Of Finance | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance officers' and assistant directors of finance' demographics:
| Chief Finance Officer | Assistant Director Of Finance | |
| Average age | 52 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 46.7% Female, 53.3% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.9% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 11% |