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The differences between chief finance officers and chief information 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 information officer. Additionally, a chief information officer has an average salary of $146,907, 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 information officer are CIO, project management, and network infrastructure.
| Chief Finance Officer | Chief Information Officer | |
| Yearly salary | $143,947 | $146,907 |
| Hourly rate | $69.21 | $70.63 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,184 | 124,678 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| 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 information officer, also known as CIO, is responsible for the technological development within the company or organization. Primarily overseeing all information technology-related operations, a chief information officer takes the lead in setting the department's budget, developing strategies that will improve computer systems, and implementing policies to attain significant growth in profit and client base. Furthermore, a chief information officer is in charge of managing the workforce behind computer systems, ensuring their efficiency in accomplishing tasks and projects.
Chief finance officers and chief information officers have different pay scales, as shown below.
| Chief Finance Officer | Chief Information Officer | |
| Average salary | $143,947 | $146,907 |
| Salary range | Between $80,000 And $257,000 | Between $98,000 And $219,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Baker McKenzie | Mayer Brown |
| Best paying industry | Construction | Agriculture |
There are a few differences between a chief finance officer and a chief information officer in terms of educational background:
| Chief Finance Officer | Chief Information Officer | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance officers' and chief information officers' demographics:
| Chief Finance Officer | Chief Information Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 81.4% Female, 18.6% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.9% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |