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The differences between chief finance officers and chief technology 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 technology officer. Additionally, a chief technology officer has an average salary of $172,989, 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 technology officer are infrastructure, cloud, and architecture.
| Chief Finance Officer | Chief Technology Officer | |
| Yearly salary | $143,947 | $172,989 |
| Hourly rate | $69.21 | $83.17 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,184 | 124,289 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| 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.
The job of chief technology officers (CTOs) is to oversee the technological needs and research and development of an organization. The CTOs, who are like chief information officers, make decisions for a company's technology infrastructure that aligns with the organization's business goals. They must ensure that they are updated on new and existing technologies for them to guide the company's future endeavors. Other responsibilities include fixing issues related to information technology, developing and managing the company's technological resources, and participating in management decisions on corporate governance.
Chief finance officers and chief technology officers have different pay scales, as shown below.
| Chief Finance Officer | Chief Technology Officer | |
| Average salary | $143,947 | $172,989 |
| Salary range | Between $80,000 And $257,000 | Between $105,000 And $284,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | California | Hawaii |
| Best paying company | Baker McKenzie | InPhonex |
| Best paying industry | Construction | Telecommunication |
There are a few differences between a chief finance officer and a chief technology officer in terms of educational background:
| Chief Finance Officer | Chief Technology Officer | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Most common major | Accounting | Computer Science |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance officers' and chief technology officers' demographics:
| Chief Finance Officer | Chief Technology Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 91.6% Female, 8.4% |
| 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, 7.7% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |