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The differences between directors of accounting & finance and finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a director of accounting & finance and a finance manager. Additionally, a director of accounting & finance has an average salary of $127,871, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a director of accounting & finance include CPA, GAAP and internal controls. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Director Of Accounting & Finance | Finance Manager | |
| Yearly salary | $127,871 | $101,374 |
| Hourly rate | $61.48 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 100,209 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A director of accounting and finance is in charge of overseeing all financial activities and decisions in a company and supervising its workforce. Their responsibilities revolve around spearheading the development of financial plans and strategies, coordinating with analysts and consultants, gathering and analyzing financial data, and reporting all sales progress to executives through documents and presentations. They must also set goals and objectives, allocate budgets to different departments, prepare comprehensive sales forecasts, and lead employees while implementing the company's policies and regulations.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Directors of accounting & finance and finance managers have different pay scales, as shown below.
| Director Of Accounting & Finance | Finance Manager | |
| Average salary | $127,871 | $101,374 |
| Salary range | Between $88,000 And $184,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Fried Frank | Barclays |
| Best paying industry | Health Care | Finance |
There are a few differences between a director of accounting & finance and a finance manager in terms of educational background:
| Director Of Accounting & Finance | Finance Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between directors of accounting & finance' and finance managers' demographics:
| Director Of Accounting & Finance | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 67.1% Female, 32.9% | Male, 60.0% Female, 40.0% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.4% White, 63.7% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |