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The differences between chief finance officers and chief executive officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a chief finance officer and a chief executive officer. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $143,947 average annual salary of a chief finance officer.
The top three skills for a chief finance officer include payroll, CPA and oversight. The most important skills for a chief executive officer are healthcare, patients, and patient care.
| Chief Finance Officer | Chief Executive Officer | |
| Yearly salary | $143,947 | $192,260 |
| Hourly rate | $69.21 | $92.43 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,184 | 149,185 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 59% |
| Average age | 52 | 52 |
| Years of experience | - | - |
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.
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Chief finance officers and chief executive officers have different pay scales, as shown below.
| Chief Finance Officer | Chief Executive Officer | |
| Average salary | $143,947 | $192,260 |
| Salary range | Between $80,000 And $257,000 | Between $104,000 And $354,000 |
| Highest paying City | Washington, DC | Urban Honolulu, HI |
| Highest paying state | California | Hawaii |
| Best paying company | Baker McKenzie | Alecto Healthcare Services LLC |
| Best paying industry | Construction | Start-up |
There are a few differences between a chief finance officer and a chief executive officer in terms of educational background:
| Chief Finance Officer | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 59% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance officers' and chief executive officers' demographics:
| Chief Finance Officer | Chief Executive Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 68.5% Female, 31.5% |
| 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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |