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The differences between finance administrators and assistant directors of finance 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 administrator and an assistant director of finance. Additionally, an assistant director of finance has an average salary of $71,057, which is higher than the $55,541 average annual salary of a finance administrator.
The top three skills for a finance administrator include customer service, financial aid and powerpoint. The most important skills for an assistant director of finance are customer service, payroll, and reconciliations.
| Finance Administrator | Assistant Director Of Finance | |
| Yearly salary | $55,541 | $71,057 |
| Hourly rate | $26.70 | $34.16 |
| Growth rate | 17% | 17% |
| Number of jobs | 130,256 | 98,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.
An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.
Finance administrators and assistant directors of finance have different pay scales, as shown below.
| Finance Administrator | Assistant Director Of Finance | |
| Average salary | $55,541 | $71,057 |
| Salary range | Between $38,000 And $80,000 | Between $46,000 And $109,000 |
| Highest paying City | Dover, DE | Oakland, CA |
| Highest paying state | Delaware | New York |
| Best paying company | State Street | UCI Health |
| Best paying industry | Manufacturing | Utilities |
There are a few differences between a finance administrator and an assistant director of finance in terms of educational background:
| Finance Administrator | Assistant Director Of Finance | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance administrators' and assistant directors of finance' demographics:
| Finance Administrator | Assistant Director Of Finance | |
| Average age | 46 | 46 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 46.7% Female, 53.3% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.9% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |