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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 | Finance Vice President | |
| Yearly salary | $118,518 | $147,603 |
| Hourly rate | $56.98 | $70.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 90,012 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| 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.
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 directors and finance vice presidents have different pay scales, as shown below.
| Finance Director | Finance Vice President | |
| Average salary | $118,518 | $147,603 |
| Salary range | Between $76,000 And $183,000 | Between $98,000 And $222,000 |
| Highest paying City | Palo Alto, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Meta | Baltimore City Community College |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a finance director and a finance vice president in terms of educational background:
| Finance Director | Finance Vice President | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance directors' and finance vice presidents' demographics:
| Finance Director | Finance Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 65.1% Female, 34.9% | Male, 73.7% Female, 26.3% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |