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Finance controller vs projects controller

The differences between finance controllers and projects controllers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance controller, becoming a projects controller takes usually requires 2-4 years. Additionally, a finance controller has an average salary of $105,869, which is higher than the $79,451 average annual salary of a projects controller.

The top three skills for a finance controller include CPA, payroll and financial controller. The most important skills for a projects controller are project management, financial analysis, and project controller.

Finance controller vs projects controller overview

Finance ControllerProjects Controller
Yearly salary$105,869$79,451
Hourly rate$50.90$38.20
Growth rate17%6%
Number of jobs97,34216,334
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 71%
Average age4644
Years of experience84

What does a finance controller do?

A financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.

What does a projects controller do?

A project controller is responsible for evaluating the effectiveness of project management procedures, ensuring that the team adheres to the clients' specifications and requirements, and keeping all project resources and deliverables within the budget goals and set timeframe. Project controllers determine the progress of the project and coordinate the updates to the client, adjusting the project approach as needed to achieve high-quality standards and objectives. They also maintain an organized report of expenditures, as well as generating process reports to identify potential process improvement techniques that will maximize operational efficiency.

Finance controller vs projects controller salary

Finance controllers and projects controllers have different pay scales, as shown below.

Finance ControllerProjects Controller
Average salary$105,869$79,451
Salary rangeBetween $71,000 And $156,000Between $53,000 And $118,000
Highest paying CityYonkers, NYWashington, DC
Highest paying stateNew YorkNew Jersey
Best paying companySage Memorial HospitalCalifornia Resources
Best paying industryTechnologyFinance

Differences between finance controller and projects controller education

There are a few differences between a finance controller and a projects controller in terms of educational background:

Finance ControllerProjects Controller
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 71%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance controller vs projects controller demographics

Here are the differences between finance controllers' and projects controllers' demographics:

Finance ControllerProjects Controller
Average age4644
Gender ratioMale, 61.5% Female, 38.5%Male, 55.9% Female, 44.1%
Race ratioBlack or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.9% White, 62.3% American Indian and Alaska Native, 0.5%
LGBT Percentage11%7%

Differences between finance controller and projects controller duties and responsibilities

Finance controller example responsibilities.

  • Lead the implementation of a fully integrate ERP system resulting in increase financial integrity.
  • Supervise a staff of seven in the areas of A/P, A/R, G/L, financial reporting and payroll.
  • Coordinate annual financial audit with external CPA firm and implement internal controls to satisfy recommendations from auditors.
  • Develop and implement procedures with internal controls for all financial and operational processes to ensure GAAP compliance.
  • Prepare all accounts for the month-end closing process and additionally gather information for daily/monthly reconciliations and journal entries.
  • Work with outside CPA on year-end tax planning; ensure the timely filing and payment of corporate taxes.
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Projects controller example responsibilities.

  • Develop GAAP compliant reporting and manage software implementations.
  • Manage treasury, open several new accounts, establish new procedures and controls, monitor daily activity.
  • Prepare accruals and revenue recognition calculations.
  • Work with foremen and supervisors to ensure proper WBS elements are charged.
  • Set up and management of charge numbers according to an establish WBS and distribution of project authorizations to team members.
  • Process journal entries and accruals monthly to account for all orders, revenue, and cost in the appropriate period.
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Finance controller vs projects controller skills

Common finance controller skills
  • CPA, 7%
  • Payroll, 7%
  • Financial Controller, 7%
  • GAAP, 5%
  • General Ledger, 5%
  • Internal Controls, 5%
Common projects controller skills
  • Project Management, 11%
  • Financial Analysis, 7%
  • Project Controller, 5%
  • Earned Value Management, 3%
  • Project Cost, 3%
  • Work Breakdown Structure, 3%

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