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The differences between chief strategy officers and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a chief strategy officer, becoming a chief finance officer takes usually requires More than 10 years. Additionally, a chief strategy officer has an average salary of $163,192, which is higher than the $143,947 average annual salary of a chief finance officer.
The top three skills for a chief strategy officer include business development, CSO and strategic vision. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Chief Strategy Officer | Chief Finance Officer | |
| Yearly salary | $163,192 | $143,947 |
| Hourly rate | $78.46 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 93,147 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 72% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
A chief strategy officer or chief strategist is an executive leader in an organization responsible for assisting the chief executive officer with communicating, developing, and sustaining business corporate strategic initiatives and the company's overall goals. This is a senior executive role and a big responsibility for holding the top strategy part. They focus on implementing a company's strategy, both internally and externally. They ensure to communicate to all employees, business partners, suppliers, and contractors to know the importance of a company-wide strategic plan.
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.
Chief strategy officers and chief finance officers have different pay scales, as shown below.
| Chief Strategy Officer | Chief Finance Officer | |
| Average salary | $163,192 | $143,947 |
| Salary range | Between $103,000 And $257,000 | Between $80,000 And $257,000 |
| Highest paying City | Rochester, NY | Washington, DC |
| Highest paying state | Alaska | California |
| Best paying company | Norton Rose Fulbright | Baker McKenzie |
| Best paying industry | Finance | Construction |
There are a few differences between a chief strategy officer and a chief finance officer in terms of educational background:
| Chief Strategy Officer | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief strategy officers' and chief finance officers' demographics:
| Chief Strategy Officer | Chief Finance Officer | |
| Average age | 44 | 52 |
| Gender ratio | Male, 78.6% Female, 21.4% | Male, 71.9% Female, 28.1% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | 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 | 10% | 12% |