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The differences between finance management specialists and finance 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 finance controller. Additionally, a finance controller has an average salary of $105,869, 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 finance controller are CPA, payroll, and financial controller.
| Finance Management Specialist | Finance Controller | |
| Yearly salary | $70,219 | $105,869 |
| Hourly rate | $33.76 | $50.90 |
| Growth rate | 17% | 17% |
| Number of jobs | 143,820 | 97,342 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 70% |
| 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 financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.
Finance management specialists and finance controllers have different pay scales, as shown below.
| Finance Management Specialist | Finance Controller | |
| Average salary | $70,219 | $105,869 |
| Salary range | Between $48,000 And $101,000 | Between $71,000 And $156,000 |
| Highest paying City | Washington, DC | Yonkers, NY |
| Highest paying state | New York | New York |
| Best paying company | PayPal | Sage Memorial Hospital |
| Best paying industry | Government | Technology |
There are a few differences between a finance management specialist and a finance controller in terms of educational background:
| Finance Management Specialist | Finance Controller | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance management specialists' and finance controllers' demographics:
| Finance Management Specialist | Finance Controller | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.1% Female, 47.9% | Male, 61.5% Female, 38.5% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |