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The differences between finance account managers and finance leaders can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a finance account manager and a finance leader. Additionally, a finance leader has an average salary of $117,284, which is higher than the $68,403 average annual salary of a finance account manager.
The top three skills for a finance account manager include financial services, account management and financial analysis. The most important skills for a finance leader are financial analysis, financial management, and business development.
| Finance Account Manager | Finance Leader | |
| Yearly salary | $68,403 | $117,284 |
| Hourly rate | $32.89 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 184,766 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The job of a finance account manager is to oversee, monitor, and evaluate the day-to-day activities of an organization's accounting department. As a finance account manager, you will perform a variety of tasks that may include assisting the accountant with reports and client settlement transactions, developing and implementing operational procedures and policies, and monitoring and analyzing accounting data. You will also be responsible for producing financial statements and reports and ensuring that the organization's financial accounting goals and objectives are met.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Finance account managers and finance leaders have different pay scales, as shown below.
| Finance Account Manager | Finance Leader | |
| Average salary | $68,403 | $117,284 |
| Salary range | Between $46,000 And $100,000 | Between $78,000 And $174,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Pennsylvania | Oregon |
| Best paying company | The New York Times Company | Apple |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a finance account manager and a finance leader in terms of educational background:
| Finance Account Manager | Finance Leader | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance account managers' and finance leaders' demographics:
| Finance Account Manager | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.7% Female, 51.3% | Male, 60.0% Female, 40.0% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |