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The differences between finance executives and finance managers 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 manager. Additionally, a finance executive has an average salary of $110,830, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Finance Executive | Finance Manager | |
| Yearly salary | $110,830 | $101,374 |
| Hourly rate | $53.28 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 137,400 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| 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.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Finance executives and finance managers have different pay scales, as shown below.
| Finance Executive | Finance Manager | |
| Average salary | $110,830 | $101,374 |
| Salary range | Between $68,000 And $178,000 | Between $71,000 And $144,000 |
| Highest paying City | West Babylon, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Apple | Barclays |
| Best paying industry | Government | Finance |
There are a few differences between a finance executive and a finance manager in terms of educational background:
| Finance Executive | Finance Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance executives' and finance managers' demographics:
| Finance Executive | Finance Manager | |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |