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Executive vice president vs finance vice president

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 vs finance vice president overview

Executive Vice PresidentFinance Vice President
Yearly salary$216,285$147,603
Hourly rate$103.98$70.96
Growth rate6%17%
Number of jobs123,982111,219
Job satisfaction-5
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Average age5246
Years of experience-8

What does an executive vice president do?

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.

What does a finance vice president do?

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 president vs finance vice president salary

Executive vice presidents and finance vice presidents have different pay scales, as shown below.

Executive Vice PresidentFinance Vice President
Average salary$216,285$147,603
Salary rangeBetween $118,000 And $394,000Between $98,000 And $222,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateWashingtonAlaska
Best paying companyGartnerBaltimore City Community College
Best paying industryTelecommunicationManufacturing

Differences between executive vice president and finance vice president education

There are a few differences between an executive vice president and a finance vice president in terms of educational background:

Executive Vice PresidentFinance Vice President
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Executive vice president vs finance vice president demographics

Here are the differences between executive vice presidents' and finance vice presidents' demographics:

Executive Vice PresidentFinance Vice President
Average age5246
Gender ratioMale, 74.7% Female, 25.3%Male, 73.7% Female, 26.3%
Race ratioBlack 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 Percentage12%11%

Differences between executive vice president and finance vice president duties and responsibilities

Executive vice president example responsibilities.

  • Used data and KPI's to achieve consistent sales growth and below industry average turnover.
  • Manage logistics department, negotiate rates with suppliers, oversee incoming and outgoing inventory.
  • Lead the implementation of a new third-party ERP system, introducing sophisticate enterprise management system where none exist previously.
  • Manage operations and logistics, staff planning and supervision for all administrative, personnel, training and logistical requirements.
  • Manage all financial functions including controlling/accounting, board and regulatory reporting, treasury and cash management, and asset/liability management.
  • Provide oversight over subordinate supervisors and complete twice-monthly payroll activities, ensuring employees are paid as expected and on time.
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Finance vice president example responsibilities.

  • Manage day-to-day operation of cash function, as part of earlier treasury department responsibilities, originally heading general accounting responsibilities.
  • Key functions manage included cash management, treasury operations, corporate finance, financial/commodity hedging, credit and international trade finance.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Implement new policy and procedures for PFS department.
  • Spearhead department-wide conversion of the PFS office to a completely paperless system.
  • Lead in assessment and provide recommendations on government healthcare regulations and reimbursement implications.
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Executive vice president vs finance vice president skills

Common executive vice president skills
  • Financial Statements, 9%
  • Oversight, 6%
  • Business Development, 6%
  • Healthcare, 6%
  • Revenue Growth, 6%
  • Strategic Partnerships, 4%
Common finance vice president skills
  • CPA, 6%
  • Financial Analysis, 5%
  • Oversight, 5%
  • Risk Management, 5%
  • Due Diligence, 3%
  • GAAP, 3%

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