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The differences between finance management specialists and division controllers 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 management specialist and a division controller. Additionally, a division controller has an average salary of $110,117, which is higher than the $70,219 average annual salary of a finance management specialist.
The top three skills for a finance management specialist include financial resources, financial reports and financial data. The most important skills for a division controller are GAAP, internal controls, and CPA.
| Finance Management Specialist | Division Controller | |
| Yearly salary | $70,219 | $110,117 |
| Hourly rate | $33.76 | $52.94 |
| Growth rate | 17% | 17% |
| Number of jobs | 143,820 | 41,679 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance management specialist is in charge of overseeing and managing a company's financial activities, ensuring accuracy and smooth workflow. They typically coordinate with different departments to gather accurate data, manage budgets and schedules, prepare cost and budget reports, and assess existing procedures to identify areas needing improvement. They must also maintain extensive records, produce sales forecasts, and participate in creating financial goals and objectives. Furthermore, as a finance management specialist, it is essential to develop strategies to optimize financial operations, all while implementing the company's policies and regulations.
A division controller is typically in charge of overseeing a company division's financial activities and human resources operations. Their role is to set objectives and guidelines, perform audits and assessments, evaluate the workforce performance, handle budgets and timelines, and develop strategies to optimize processes. They must monitor the progress of activities and projects, producing regular reports and presentations to keep the executives informed. Furthermore, as a division controller, it is essential to lead staff and implement the company's policies and regulations.
Finance management specialists and division controllers have different pay scales, as shown below.
| Finance Management Specialist | Division Controller | |
| Average salary | $70,219 | $110,117 |
| Salary range | Between $48,000 And $101,000 | Between $76,000 And $158,000 |
| Highest paying City | Washington, DC | Concord, CA |
| Highest paying state | New York | Illinois |
| Best paying company | PayPal | KLA |
| Best paying industry | Government | Construction |
There are a few differences between a finance management specialist and a division controller in terms of educational background:
| Finance Management Specialist | Division Controller | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 78% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance management specialists' and division controllers' demographics:
| Finance Management Specialist | Division Controller | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.1% Female, 47.9% | Male, 77.8% Female, 22.2% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% | Black or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.5% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |