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The differences between finance executives and finance leaders 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 executive and a finance leader. Additionally, a finance leader has an average salary of $117,284, which is higher than the $110,830 average annual salary of a finance executive.
The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for a finance leader are financial analysis, financial management, and business development.
| Finance Executive | Finance Leader | |
| Yearly salary | $110,830 | $117,284 |
| Hourly rate | $53.28 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 137,400 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 69% |
| Average age | 46 | 46 |
| Years of experience | 8 | 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.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Finance executives and finance leaders have different pay scales, as shown below.
| Finance Executive | Finance Leader | |
| Average salary | $110,830 | $117,284 |
| Salary range | Between $68,000 And $178,000 | Between $78,000 And $174,000 |
| Highest paying City | West Babylon, NY | San Francisco, CA |
| Highest paying state | New York | Oregon |
| Best paying company | Apple | Apple |
| Best paying industry | Government | Finance |
There are a few differences between a finance executive and a finance leader in terms of educational background:
| Finance Executive | Finance Leader | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 69% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance executives' and finance leaders' demographics:
| Finance Executive | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 60.0% Female, 40.0% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |