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The differences between chief finance officers and president/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 president/chief executive officer. Additionally, a president/chief executive officer has an average salary of $240,732, 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 president/chief executive officer are financial management, revenue growth, and R.
| Chief Finance Officer | President/Chief Executive Officer | |
| Yearly salary | $143,947 | $240,732 |
| Hourly rate | $69.21 | $115.74 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,184 | 163,378 |
| 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.
Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.
Chief finance officers and president/chief executive officers have different pay scales, as shown below.
| Chief Finance Officer | President/Chief Executive Officer | |
| Average salary | $143,947 | $240,732 |
| Salary range | Between $80,000 And $257,000 | Between $134,000 And $429,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | California | New Jersey |
| Best paying company | Baker McKenzie | Better Homes and Gardens Real Estate |
| Best paying industry | Construction | Finance |
There are a few differences between a chief finance officer and a president/chief executive officer in terms of educational background:
| Chief Finance Officer | President/Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief finance officers' and president/chief executive officers' demographics:
| Chief Finance Officer | President/Chief Executive Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 78.9% Female, 21.1% |
| 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, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |