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The differences between finance executives and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance executive has an average salary of $110,830, which is higher than the $61,666 average annual salary of a finance specialist.
The top three skills for a finance executive include financial statements, financial services and portfolio. The most important skills for a finance specialist are customer service, phone calls, and cash handling.
| Finance Executive | Finance Specialist | |
| Yearly salary | $110,830 | $61,666 |
| Hourly rate | $53.28 | $29.65 |
| Growth rate | 17% | 10% |
| Number of jobs | 137,400 | 97,216 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 62% |
| Average age | 46 | 43 |
| 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.
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Finance executives and finance specialists have different pay scales, as shown below.
| Finance Executive | Finance Specialist | |
| Average salary | $110,830 | $61,666 |
| Salary range | Between $68,000 And $178,000 | Between $37,000 And $100,000 |
| Highest paying City | West Babylon, NY | Washington, DC |
| Highest paying state | New York | Connecticut |
| Best paying company | Apple | |
| Best paying industry | Government | Finance |
There are a few differences between a finance executive and a finance specialist in terms of educational background:
| Finance Executive | Finance Specialist | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 62% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance executives' and finance specialists' demographics:
| Finance Executive | Finance Specialist | |
| Average age | 46 | 43 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 42.1% Female, 57.9% |
| 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 4% |