Co-founder vs chief finance officer

The differences between co-founders and chief finance 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 co-founder and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $105,022 average annual salary of a co-founder.

The top three skills for a co-founder include financial statements, business strategy and business plan. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Co-founder vs chief finance officer overview

	Co-Founder	Chief Finance Officer
Yearly salary	$105,022	$143,947
Hourly rate	$50.49	$69.21
Growth rate	6%	6%
Number of jobs	4,214	145,184
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 72%
Average age	52	52
Years of experience	-	-

What does a co-founder do?

A Co-Founder is an essential member of a company as they complement the skills, vision, and mission of the Founder. Most of the time, the tasks of a Co-Founder revolve around the financial planning and developing strategies that would be beneficial for the company's financial gain and workforce. Furthermore, a Co-Founder must coordinate with the Founder and other staff and departments to remain aware of the progress or issues, should there be any, to provide timely resolutions.

What does a chief finance officer do?

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.

Co-founder vs chief finance officer salary

Co-founders and chief finance officers have different pay scales, as shown below.

	Co-Founder	Chief Finance Officer
Average salary	$105,022	$143,947
Salary range	Between $61,000 And $179,000	Between $80,000 And $257,000
Highest paying City	-	Washington, DC
Highest paying state	-	California
Best paying company	-	Baker McKenzie
Best paying industry	-	Construction

Differences between co-founder and chief finance officer education

There are a few differences between a co-founder and a chief finance officer in terms of educational background:

	Co-Founder	Chief Finance Officer
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 72%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Co-founder vs chief finance officer demographics

Here are the differences between co-founders' and chief finance officers' demographics:

	Co-Founder	Chief Finance Officer
Average age	52	52
Gender ratio	Male, 66.0% Female, 34.0%	Male, 71.9% Female, 28.1%
Race ratio	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% 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%

Differences between co-founder and chief finance officer duties and responsibilities

Co-founder example responsibilities.

Manage cross functional teams through all phases of B2C campaign development.
Manage social media connect to the site (20k+ twitter impressions).
Manage and schedule production for assembly, machining, molding and QC departments.
Design and manage user web experience and social media marketing campaign, leveraging 'celebrity' Instagram dogs
Manage drivers and customers as well as all operational functions; including sales billing, accounts receivables and payroll.
Manage all features of business including client service, sales, QuickBooks accounting, purchasing, shipping and customer retention.

Chief finance officer example responsibilities.

Lead management team in developing and executing a combination of pricing and cost savings strategies that improve EBITDA more than threefold.
Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
Lead system conversion to Hyperion planning budgeting/forecasting software, responsible for training, developing and implementation.
Manage all firm banking relationships, treasury functions and retain signatory authority for all partnership and corporate accounts.
Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
Prepare annual general ledger reconciliations and consolidate financial reports for CPA tax preparation.

Co-founder vs chief finance officer skills

Common co-founder skills

Financial Statements, 8%
Business Strategy, 7%
Business Plan, 6%
Non-Profit Organization, 5%
R, 5%
Facebook, 4%

Common chief finance officer skills

Payroll, 7%
CPA, 6%
Oversight, 5%
Financial Reports, 4%
Human Resources, 4%
Internal Controls, 4%

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Co-Founder vs Chief Finance Officer

Updated January 8, 2025

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