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Finance manager vs administrative & finance manager

The differences between finance managers and administrative & 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 manager and an administrative & finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $76,989 average annual salary of an administrative & finance manager.

The top three skills for a finance manager include financial analysis, CPA and customer service. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.

Finance manager vs administrative & finance manager overview

Finance ManagerAdministrative & Finance Manager
Yearly salary$101,374$76,989
Hourly rate$48.74$37.01
Growth rate17%17%
Number of jobs125,345143,109
Job satisfaction5-
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 63%
Average age4646
Years of experience88

What does a finance manager do?

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.

What does an administrative & finance manager do?

An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.

Finance manager vs administrative & finance manager salary

Finance managers and administrative & finance managers have different pay scales, as shown below.

Finance ManagerAdministrative & Finance Manager
Average salary$101,374$76,989
Salary rangeBetween $71,000 And $144,000Between $55,000 And $107,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyBarclaysMeta
Best paying industryFinanceInsurance

Differences between finance manager and administrative & finance manager education

There are a few differences between a finance manager and an administrative & finance manager in terms of educational background:

Finance ManagerAdministrative & Finance Manager
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance manager vs administrative & finance manager demographics

Here are the differences between finance managers' and administrative & finance managers' demographics:

Finance ManagerAdministrative & Finance Manager
Average age4646
Gender ratioMale, 60.0% Female, 40.0%Male, 50.7% Female, 49.3%
Race ratioBlack 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%Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance manager and administrative & finance manager duties and responsibilities

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
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Administrative & finance manager example responsibilities.

  • Manage payroll and organizational projects using QuickBooks for non-profits.
  • Process bi-weekly payroll utilizing QuickBooks and manage financial and clinical performance.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Prepare monthly and annual financial statements along with supporting schedules resulting in minimal follow up by external CPA's.
  • Work closely with the CPA firm to ensure proper income tax filing and keep the company books flowing smoothly.
  • Direct ERP system implementation, establish beginning balances and database information, and train users on applications and requirements.
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Finance manager vs administrative & finance manager skills

Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%
Common administrative & finance manager skills
  • Payroll Processing, 10%
  • Human Resources, 7%
  • Oversight, 7%
  • Administrative Procedures, 6%
  • Financial Management, 5%
  • Financial Analysis, 5%

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