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Finance manager vs assistant director of finance

The differences between finance managers and assistant directors of finance 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 assistant director of finance. Additionally, a finance manager has an average salary of $101,374, which is higher than the $71,057 average annual salary of an assistant director of finance.

The top three skills for a finance manager include financial analysis, CPA and customer service. The most important skills for an assistant director of finance are customer service, payroll, and reconciliations.

Finance manager vs assistant director of finance overview

Finance ManagerAssistant Director Of Finance
Yearly salary$101,374$71,057
Hourly rate$48.74$34.16
Growth rate17%17%
Number of jobs125,34598,892
Job satisfaction5-
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 70%
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 assistant director of finance do?

An assistant director of finance is responsible for overseeing the financial activities of a company, ensuring accuracy and smooth workflow. They are also in charge of implementing company policies and regulations, creating new ones as needed while coordinating with the director. Moreover, an assistant director of finance may perform audits and risk assessments, allocate budgets and schedules, coordinate with different departments to gather necessary data, and create new strategies to optimize the workflow and the performance of the workforce.

Finance manager vs assistant director of finance salary

Finance managers and assistant directors of finance have different pay scales, as shown below.

Finance ManagerAssistant Director Of Finance
Average salary$101,374$71,057
Salary rangeBetween $71,000 And $144,000Between $46,000 And $109,000
Highest paying CityNew York, NYOakland, CA
Highest paying stateNew YorkNew York
Best paying companyBarclaysUCI Health
Best paying industryFinanceUtilities

Differences between finance manager and assistant director of finance education

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

Finance ManagerAssistant Director Of Finance
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance manager vs assistant director of finance demographics

Here are the differences between finance managers' and assistant directors of finance' demographics:

Finance ManagerAssistant Director Of Finance
Average age4646
Gender ratioMale, 60.0% Female, 40.0%Male, 46.7% Female, 53.3%
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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 8.9% White, 63.7% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance manager and assistant director of finance 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.
  • Show more

Assistant director of finance example responsibilities.

  • Manage FSEOG & FWS programs in the campus.
  • Lead team of individuals responsible for completion of verification, R2T4, and student file audits.
  • Manage a majority of payroll ensuring that there are accurate accruals and necessary deductions.
  • Manage financial reporting in support of CEO/CFO/President with oversight for data integrity and consistency of reporting across enterprise.
  • Complete state and federal reporting which pertain to financial aid such as IPEDS, FISAP, and HLC reports.
  • Prepare journal entries, prepare reconciliations, produce financial productivity reports, and liaise with business managers as lead accounting point-of-contact.
  • Show more

Finance manager vs assistant director of finance skills

Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%
Common assistant director of finance skills
  • Customer Service, 9%
  • Payroll, 8%
  • Reconciliations, 5%
  • Financial Analysis, 5%
  • Financial Data, 4%
  • Cash Control, 4%

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