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The differences between chief finance officers and directors of administration & 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 a director of administration & finance takes usually requires 6-8 years. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $109,366 average annual salary of a director of administration & finance.
The top three skills for a chief finance officer include payroll, CPA and oversight. The most important skills for a director of administration & finance are payroll, oversight, and financial management.
| Chief Finance Officer | Director Of Administration & Finance | |
| Yearly salary | $143,947 | $109,366 |
| Hourly rate | $69.21 | $52.58 |
| Growth rate | 6% | 17% |
| Number of jobs | 145,184 | 80,486 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| 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.
A director of administration & finance oversees and directs an organization's administration and finance department, ensuring operations run smoothly and efficiently according to company standards and regulations. It is their duty to set goals and guidelines, lead the research and development efforts, establish procedures, manage the budgets and costs, review and evaluate financial reports, and implement the organizations' policies and standards. Moreover, a director of administration & finance leads staff and supervises all operations, solving issues and concerns if any would arise.
Chief finance officers and directors of administration & finance have different pay scales, as shown below.
| Chief Finance Officer | Director Of Administration & Finance | |
| Average salary | $143,947 | $109,366 |
| Salary range | Between $80,000 And $257,000 | Between $73,000 And $161,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Baker McKenzie | UCI Health |
| Best paying industry | Construction | Health Care |
There are a few differences between a chief finance officer and a director of administration & finance in terms of educational background:
| Chief Finance Officer | Director Of Administration & Finance | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance officers' and directors of administration & finance' demographics:
| Chief Finance Officer | Director Of Administration & Finance | |
| Average age | 52 | 46 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 55.3% Female, 44.7% |
| 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, 15.0% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 11% |