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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 | Administrative & Finance Manager | |
| Yearly salary | $101,374 | $76,989 |
| Hourly rate | $48.74 | $37.01 |
| Growth rate | 17% | 17% |
| Number of jobs | 125,345 | 143,109 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
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 managers and administrative & finance managers have different pay scales, as shown below.
| Finance Manager | Administrative & Finance Manager | |
| Average salary | $101,374 | $76,989 |
| Salary range | Between $71,000 And $144,000 | Between $55,000 And $107,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Barclays | Meta |
| Best paying industry | Finance | Insurance |
There are a few differences between a finance manager and an administrative & finance manager in terms of educational background:
| Finance Manager | Administrative & Finance Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance managers' and administrative & finance managers' demographics:
| Finance Manager | Administrative & Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 50.7% Female, 49.3% |
| Race ratio | 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% | 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 Percentage | 11% | 11% |