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Finance director vs business manager-finance manager

The differences between finance directors and business manager-finance managers 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 director and a business manager-finance manager. Additionally, a finance director has an average salary of $118,518, which is higher than the $106,036 average annual salary of a business manager-finance manager.

The top three skills for a finance director include CPA, financial analysis and payroll. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.

Finance director vs business manager-finance manager overview

Finance DirectorBusiness Manager-Finance Manager
Yearly salary$118,518$106,036
Hourly rate$56.98$50.98
Growth rate17%17%
Number of jobs90,012180,161
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 64%
Average age4646
Years of experience88

What does a finance director do?

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.

What does a business manager-finance manager do?

A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.

Finance director vs business manager-finance manager salary

Finance directors and business manager-finance managers have different pay scales, as shown below.

Finance DirectorBusiness Manager-Finance Manager
Average salary$118,518$106,036
Salary rangeBetween $76,000 And $183,000Between $73,000 And $152,000
Highest paying CityPalo Alto, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyMetaZS
Best paying industryManufacturingFinance

Differences between finance director and business manager-finance manager education

There are a few differences between a finance director and a business manager-finance manager in terms of educational background:

Finance DirectorBusiness Manager-Finance Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 64%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance director vs business manager-finance manager demographics

Here are the differences between finance directors' and business manager-finance managers' demographics:

Finance DirectorBusiness Manager-Finance Manager
Average age4646
Gender ratioMale, 65.1% Female, 34.9%Male, 58.8% Female, 41.2%
Race ratioBlack 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%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%
LGBT Percentage11%11%

Differences between finance director and business manager-finance manager duties and responsibilities

Finance director example responsibilities.

  • Manage treasury functions considering the inflationary situation and changes in economic patterns to minimize any negative impact they may involve.
  • Improve internal controls and operating efficiency by training accountants and converting general ledger reconciliations to GAAP formats.
  • Prepare financial data and footnotes for independent CPA annual audit financial statements.
  • Develop financial models in Hyperion to aggregate sales data and allocate expenses for profitability analysis.
  • Complete Sarbanes-Oxley procedural requirements for entire incentive development, administration and reporting process.
  • Develop an electronic billing capacity and are the first Montana health care provider to bill Medicaid electronically.
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Business manager-finance manager example responsibilities.

  • Project manage implementation of ERP forecasting and budgeting system.
  • Manage accounting operations, accounting period closing, account reporting, and reconciliations.
  • Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
  • Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.
  • Execute all aspects of management including payroll, A/R, A/P and OSHA.
  • Establish, coordinate, and supervise treasury functions and international currency management for multiple foreign currency accounts in various countries.
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Finance director vs business manager-finance manager skills

Common finance director skills
  • CPA, 7%
  • Financial Analysis, 6%
  • Payroll, 4%
  • Work Ethic, 4%
  • Oversight, 4%
  • Financial Management, 4%
Common business manager-finance manager skills
  • Financial Analysis, 12%
  • Project Management, 5%
  • Financial Management, 4%
  • Oversight, 4%
  • Shared Services, 3%
  • Process Improvement, 3%

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