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The differences between finance managers and business partners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance manager, becoming a business partner takes usually requires 8-10 years. Additionally, a finance manager has an average salary of $101,374, which is higher than the $96,324 average annual salary of a business partner.
The top three skills for a finance manager include financial analysis, CPA and customer service. The most important skills for a business partner are analytics, project management, and customer service.
| Finance Manager | Business Partner | |
| Yearly salary | $101,374 | $96,324 |
| Hourly rate | $48.74 | $46.31 |
| Growth rate | 17% | 10% |
| Number of jobs | 125,345 | 106,251 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 65% |
| Average age | 46 | 39 |
| Years of experience | 8 | 10 |
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.
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
Finance managers and business partners have different pay scales, as shown below.
| Finance Manager | Business Partner | |
| Average salary | $101,374 | $96,324 |
| Salary range | Between $71,000 And $144,000 | Between $66,000 And $140,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Barclays | ZS |
| Best paying industry | Finance | Technology |
There are a few differences between a finance manager and a business partner in terms of educational background:
| Finance Manager | Business Partner | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between finance managers' and business partners' demographics:
| Finance Manager | Business Partner | |
| Average age | 46 | 39 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 56.2% Female, 43.8% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 10% |