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Finance director vs finance vice president

The differences between finance directors and finance vice presidents 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 vice president. Additionally, a finance vice president has an average salary of $147,603, which is higher than the $118,518 average annual salary of a finance director.

The top three skills for a finance director include CPA, financial analysis and payroll. The most important skills for a finance vice president are CPA, financial analysis, and oversight.

Finance director vs finance vice president overview

Finance DirectorFinance Vice President
Yearly salary$118,518$147,603
Hourly rate$56.98$70.96
Growth rate17%17%
Number of jobs90,012111,219
Job satisfaction-5
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
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 finance vice president do?

The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.

Finance director vs finance vice president salary

Finance directors and finance vice presidents have different pay scales, as shown below.

Finance DirectorFinance Vice President
Average salary$118,518$147,603
Salary rangeBetween $76,000 And $183,000Between $98,000 And $222,000
Highest paying CityPalo Alto, CASan Francisco, CA
Highest paying stateCaliforniaAlaska
Best paying companyMetaBaltimore City Community College
Best paying industryManufacturingManufacturing

Differences between finance director and finance vice president education

There are a few differences between a finance director and a finance vice president in terms of educational background:

Finance DirectorFinance Vice President
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance director vs finance vice president demographics

Here are the differences between finance directors' and finance vice presidents' demographics:

Finance DirectorFinance Vice President
Average age4646
Gender ratioMale, 65.1% Female, 34.9%Male, 73.7% Female, 26.3%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance director and finance vice president 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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Finance vice president example responsibilities.

  • Manage day-to-day operation of cash function, as part of earlier treasury department responsibilities, originally heading general accounting responsibilities.
  • Key functions manage included cash management, treasury operations, corporate finance, financial/commodity hedging, credit and international trade finance.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Implement new policy and procedures for PFS department.
  • Spearhead department-wide conversion of the PFS office to a completely paperless system.
  • Lead in assessment and provide recommendations on government healthcare regulations and reimbursement implications.
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Finance director vs finance vice president skills

Common finance director skills
  • CPA, 7%
  • Financial Analysis, 6%
  • Payroll, 4%
  • Work Ethic, 4%
  • Oversight, 4%
  • Financial Management, 4%
Common finance vice president skills
  • CPA, 6%
  • Financial Analysis, 5%
  • Oversight, 5%
  • Risk Management, 5%
  • Due Diligence, 3%
  • GAAP, 3%

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