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The differences between directors of accounting & finance and finance vice presidents 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 vice president. Additionally, a finance vice president has an average salary of $147,603, which is higher than the $127,871 average annual salary of a director of accounting & finance.
The top three skills for a director of accounting & finance include CPA, GAAP and internal controls. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Director Of Accounting & Finance | Finance Vice President | |
| Yearly salary | $127,871 | $147,603 |
| Hourly rate | $61.48 | $70.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 100,209 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| 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.
The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
Directors of accounting & finance and finance vice presidents have different pay scales, as shown below.
| Director Of Accounting & Finance | Finance Vice President | |
| Average salary | $127,871 | $147,603 |
| Salary range | Between $88,000 And $184,000 | Between $98,000 And $222,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Alaska |
| Best paying company | Fried Frank | Baltimore City Community College |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a director of accounting & finance and a finance vice president in terms of educational background:
| Director Of Accounting & Finance | Finance Vice President | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between directors of accounting & finance' and finance vice presidents' demographics:
| Director Of Accounting & Finance | Finance Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 67.1% Female, 32.9% | Male, 73.7% Female, 26.3% |
| 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, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |