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The differences between executive directors/chief executive officer 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 director/chief executive officer and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $133,699 average annual salary of an executive director/chief executive officer.
The top three skills for an executive director/chief executive officer include financial management, regulatory compliance and business strategy. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Executive Director/Chief Executive Officer | Chief Finance Officer | |
| Yearly salary | $133,699 | $143,947 |
| Hourly rate | $64.28 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 168,416 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
An executive director/chief executive officer is an executive who is in-charged in the management of a company's overall operations and growth. The position is decided by the company's board and its shareholders. The executive's primary responsibilities include making major corporate decisions and managing company resources. The role of a chief executive officer varies depending on the size of the company, its culture, and corporate structure. Also, the position requires good interpersonal, leadership, analytical, and management skills to accomplish such responsibilities.
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 directors/chief executive officer and chief finance officers have different pay scales, as shown below.
| Executive Director/Chief Executive Officer | Chief Finance Officer | |
| Average salary | $133,699 | $143,947 |
| Salary range | Between $77,000 And $231,000 | Between $80,000 And $257,000 |
| Highest paying City | Palo Alto, CA | Washington, DC |
| Highest paying state | California | California |
| Best paying company | Open Society Foundations | Baker McKenzie |
| Best paying industry | - | Construction |
There are a few differences between an executive director/chief executive officer and a chief finance officer in terms of educational background:
| Executive Director/Chief Executive Officer | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive directors/chief executive officer' and chief finance officers' demographics:
| Executive Director/Chief Executive Officer | Chief Finance Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 65.7% Female, 34.3% | Male, 71.9% Female, 28.1% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.7% White, 76.2% 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% |