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The differences between executive vice presidents 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 vice president and a chief finance officer. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $143,947 average annual salary of a chief finance officer.
The top three skills for an executive vice president include financial statements, oversight and business development. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Executive Vice President | Chief Finance Officer | |
| Yearly salary | $216,285 | $143,947 |
| Hourly rate | $103.98 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 123,982 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
An executive vice president is responsible for monitoring departmental operations, managing customer relationships, developing the company's strategic goals, and identifying business opportunities that would maximize the company's performance, drive revenues, and achieve the business's profitability goals. Executive vice presidents contribute to sales innovations, negotiate business contracts, analyze financial reports, and minimize the company's expenses without compromising high-quality operations and customer satisfaction. An executive vice president must have excellent leadership and communication skills to support its daily operations to achieve its long-term goals and objectives.
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 vice presidents and chief finance officers have different pay scales, as shown below.
| Executive Vice President | Chief Finance Officer | |
| Average salary | $216,285 | $143,947 |
| Salary range | Between $118,000 And $394,000 | Between $80,000 And $257,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Washington | California |
| Best paying company | Gartner | Baker McKenzie |
| Best paying industry | Telecommunication | Construction |
There are a few differences between an executive vice president and a chief finance officer in terms of educational background:
| Executive Vice President | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive vice presidents' and chief finance officers' demographics:
| Executive Vice President | Chief Finance Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 74.7% Female, 25.3% | 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% |