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The differences between chief finance officers and directors of operations and 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 operations and finance takes usually requires 4-6 years. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $118,503 average annual salary of a director of operations and finance.
The top three skills for a chief finance officer include payroll, CPA and oversight. The most important skills for a director of operations and finance are oversight, financial operations, and payroll.
| Chief Finance Officer | Director Of Operations And Finance | |
| Yearly salary | $143,947 | $118,503 |
| Hourly rate | $69.21 | $56.97 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,184 | 186,569 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
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 operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs. Furthermore, as a director, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Chief finance officers and directors of operations and finance have different pay scales, as shown below.
| Chief Finance Officer | Director Of Operations And Finance | |
| Average salary | $143,947 | $118,503 |
| Salary range | Between $80,000 And $257,000 | Between $77,000 And $181,000 |
| Highest paying City | Washington, DC | San Mateo, CA |
| Highest paying state | California | New Jersey |
| Best paying company | Baker McKenzie | Pure Storage |
| Best paying industry | Construction | Automotive |
There are a few differences between a chief finance officer and a director of operations and finance in terms of educational background:
| Chief Finance Officer | Director Of Operations And 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 directors of operations and finance' demographics:
| Chief Finance Officer | Director Of Operations And Finance | |
| Average age | 52 | 44 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 61.7% Female, 38.3% |
| 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 10% |