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The differences between finance directors and finance executives 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 finance executive. Additionally, a finance director has an average salary of $118,518, which is higher than the $110,830 average annual salary of a finance executive.
The top three skills for a finance director include CPA, financial analysis and payroll. The most important skills for a finance executive are financial statements, financial services, and portfolio.
| Finance Director | Finance Executive | |
| Yearly salary | $118,518 | $110,830 |
| Hourly rate | $56.98 | $53.28 |
| Growth rate | 17% | 17% |
| Number of jobs | 90,012 | 137,400 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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 executives oversee an organization's money and profit. They are responsible for overseeing the income and expenses of the business' money transactions. These executives evaluate financial reports such as cash-flow statements, tax planning, and budgeting. Sometimes, finance executives manage a staff of finance clerks, hire new staff, and develop schedules. They work full-time in an office, but they also often work beyond regular business hours. As for qualifications, finance executives must have at least a bachelor's degree and a considerable length of work experience in the business field.
Finance directors and finance executives have different pay scales, as shown below.
| Finance Director | Finance Executive | |
| Average salary | $118,518 | $110,830 |
| Salary range | Between $76,000 And $183,000 | Between $68,000 And $178,000 |
| Highest paying City | Palo Alto, CA | West Babylon, NY |
| Highest paying state | California | New York |
| Best paying company | Meta | Apple |
| Best paying industry | Manufacturing | Government |
There are a few differences between a finance director and a finance executive in terms of educational background:
| Finance Director | Finance Executive | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance directors' and finance executives' demographics:
| Finance Director | Finance Executive | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.1% Female, 34.9% | Male, 63.3% Female, 36.7% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 64.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |