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The differences between finance managers and directors of administration & 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 a director of administration & finance. Additionally, a director of administration & finance has an average salary of $109,366, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a finance manager include financial analysis, CPA and customer service. The most important skills for a director of administration & finance are payroll, oversight, and financial management.
| Finance Manager | Director Of Administration & Finance | |
| Yearly salary | $101,374 | $109,366 |
| Hourly rate | $48.74 | $52.58 |
| Growth rate | 17% | 17% |
| Number of jobs | 125,345 | 80,486 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 69% |
| 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.
A director of administration & finance oversees and directs an organization's administration and finance department, ensuring operations run smoothly and efficiently according to company standards and regulations. It is their duty to set goals and guidelines, lead the research and development efforts, establish procedures, manage the budgets and costs, review and evaluate financial reports, and implement the organizations' policies and standards. Moreover, a director of administration & finance leads staff and supervises all operations, solving issues and concerns if any would arise.
Finance managers and directors of administration & finance have different pay scales, as shown below.
| Finance Manager | Director Of Administration & Finance | |
| Average salary | $101,374 | $109,366 |
| Salary range | Between $71,000 And $144,000 | Between $73,000 And $161,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Nevada |
| Best paying company | Barclays | UCI Health |
| Best paying industry | Finance | Health Care |
There are a few differences between a finance manager and a director of administration & finance in terms of educational background:
| Finance Manager | Director Of Administration & Finance | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 69% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance managers' and directors of administration & finance' demographics:
| Finance Manager | Director Of Administration & Finance | |
| Average age | 46 | 46 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 55.3% Female, 44.7% |
| 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, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.4% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |