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The differences between finance executives and executives 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 executive, becoming an executive takes usually requires More than 10 years. Additionally, a finance executive has an average salary of $110,830, which is higher than the $108,285 average annual salary of an executive.
The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for an executive are customer service, digital transformation, and healthcare.
| Finance Executive | Executive | |
| Yearly salary | $110,830 | $108,285 |
| Hourly rate | $53.28 | $52.06 |
| Growth rate | 17% | 6% |
| Number of jobs | 137,400 | 83,869 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 61% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
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.
An Executive's responsibilities vary depending on an organization or company. However, most of the time, it involves a great deal of leadership and communication. An Executive must oversee and direct employees towards particular sets of goals and vision, create strategies and plans that will benefit the company's financial gains and workforce, and as well as evaluate and analyze the progress of various company departments. Moreover, an Executive holds the power of decision-making, such as in the aspects of budget, promotions, and policies.
Finance executives and executives have different pay scales, as shown below.
| Finance Executive | Executive | |
| Average salary | $110,830 | $108,285 |
| Salary range | Between $68,000 And $178,000 | Between $63,000 And $184,000 |
| Highest paying City | West Babylon, NY | Providence, RI |
| Highest paying state | New York | Rhode Island |
| Best paying company | Apple | Capgemini |
| Best paying industry | Government | - |
There are a few differences between a finance executive and an executive in terms of educational background:
| Finance Executive | Executive | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 61% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance executives' and executives' demographics:
| Finance Executive | Executive | |
| Average age | 46 | 52 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 56.0% Female, 44.0% |
| Race ratio | 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% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |