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The differences between finance aid directors and finance directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a finance aid director, becoming a finance director takes usually requires 6-8 years. Additionally, a finance director has an average salary of $118,518, which is higher than the $58,644 average annual salary of a finance aid director.
The top three skills for a finance aid director include financial aid programs, title iv and state regulations. The most important skills for a finance director are CPA, financial analysis, and payroll.
| Finance Aid Director | Finance Director | |
| Yearly salary | $58,644 | $118,518 |
| Hourly rate | $28.19 | $56.98 |
| Growth rate | 7% | 17% |
| Number of jobs | 98,523 | 90,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 71% |
| Average age | 47 | 46 |
| Years of experience | 6 | 8 |
A finance aid director oversees finance aid officers that deal with student loans, fees, scholarship grants, insurance, and other loans. They organize cash flow for all funds available. They analyze applications, grant scholarships and loans to students, and provide information on benefits and restrictions included with financial aid. They also help students resolve loan defaults or underpayments. They must have good communication skills to facilitate talks between students and universities.
A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.
Finance aid directors and finance directors have different pay scales, as shown below.
| Finance Aid Director | Finance Director | |
| Average salary | $58,644 | $118,518 |
| Salary range | Between $37,000 And $92,000 | Between $76,000 And $183,000 |
| Highest paying City | Washington, DC | Palo Alto, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Commonwealth | Meta |
| Best paying industry | Education | Manufacturing |
There are a few differences between a finance aid director and a finance director in terms of educational background:
| Finance Aid Director | Finance Director | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 71% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance aid directors' and finance directors' demographics:
| Finance Aid Director | Finance Director | |
| Average age | 47 | 46 |
| Gender ratio | Male, 30.9% Female, 69.1% | Male, 65.1% Female, 34.9% |
| Race ratio | Black or African American, 11.4% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 4.4% White, 65.2% American Indian and Alaska Native, 0.7% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 16% | 11% |