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The differences between executive board members 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 an executive board member and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $95,749 average annual salary of an executive board member.
The top three skills for an executive board member include financial reports, fraternity and alumni. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Executive Board Member | Chief Finance Officer | |
| Yearly salary | $95,749 | $143,947 |
| Hourly rate | $46.03 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 69,385 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
An executive board member is responsible for supporting the company's long-term goals and objectives by participating in corporate decisions and organizational processes to maximize business performance and generate more revenues and increase profitability. Executive board members provide consultation with management to identify business opportunities and handle areas of improvement to minimize loss and reputational risks and develop high-level marketing networks. They also assist with implementing policies and procedures to manage the efficiency of employees to ensure client satisfaction.
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.
Executive board members and chief finance officers have different pay scales, as shown below.
| Executive Board Member | Chief Finance Officer | |
| Average salary | $95,749 | $143,947 |
| Salary range | Between $29,000 And $312,000 | Between $80,000 And $257,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | California |
| Best paying company | - | Baker McKenzie |
| Best paying industry | - | Construction |
There are a few differences between an executive board member and a chief finance officer in terms of educational background:
| Executive Board Member | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive board members' and chief finance officers' demographics:
| Executive Board Member | Chief Finance Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 71.9% Female, 28.1% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% 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% |