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The differences between chief finance officers and president & chief operating 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 operating officer. Additionally, a president & chief operating officer has an average salary of $211,982, 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 operating officer are financial performance, revenue growth, and product development.
| Chief Finance Officer | President & Chief Operating Officer | |
| Yearly salary | $143,947 | $211,982 |
| Hourly rate | $69.21 | $101.91 |
| Growth rate | 6% | 6% |
| Number of jobs | 145,184 | 130,349 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| 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 president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.
Chief finance officers and president & chief operating officers have different pay scales, as shown below.
| Chief Finance Officer | President & Chief Operating Officer | |
| Average salary | $143,947 | $211,982 |
| Salary range | Between $80,000 And $257,000 | Between $114,000 And $391,000 |
| Highest paying City | Washington, DC | Las Vegas, NV |
| Highest paying state | California | Nevada |
| Best paying company | Baker McKenzie | Global Atlantic Financial Group Limited |
| Best paying industry | Construction | Construction |
There are a few differences between a chief finance officer and a president & chief operating officer in terms of educational background:
| Chief Finance Officer | President & Chief Operating Officer | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| 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 operating officers' demographics:
| Chief Finance Officer | President & Chief Operating Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 86.1% Female, 13.9% |
| 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, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |