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The differences between executive vice presidents and finance vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an executive vice president, becoming a finance vice president takes usually requires 6-8 years. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $147,603 average annual salary of a finance vice president.
The top three skills for an executive vice president include financial statements, oversight and business development. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Executive Vice President | Finance Vice President | |
| Yearly salary | $216,285 | $147,603 |
| Hourly rate | $103.98 | $70.96 |
| Growth rate | 6% | 17% |
| Number of jobs | 123,982 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
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.
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.
Executive vice presidents and finance vice presidents have different pay scales, as shown below.
| Executive Vice President | Finance Vice President | |
| Average salary | $216,285 | $147,603 |
| Salary range | Between $118,000 And $394,000 | Between $98,000 And $222,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | Gartner | Baltimore City Community College |
| Best paying industry | Telecommunication | Manufacturing |
There are a few differences between an executive vice president and a finance vice president in terms of educational background:
| Executive Vice President | Finance Vice President | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive vice presidents' and finance vice presidents' demographics:
| Executive Vice President | Finance Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 74.7% Female, 25.3% | Male, 73.7% Female, 26.3% |
| 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, 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 | 12% | 11% |