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The differences between finance managers and directors of operations and finance 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 director of operations and finance takes usually requires 4-6 years. Additionally, a director of operations and finance has an average salary of $118,503, 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 operations and finance are oversight, financial operations, and payroll.
| Finance Manager | Director Of Operations And Finance | |
| Yearly salary | $101,374 | $118,503 |
| Hourly rate | $48.74 | $56.97 |
| Growth rate | 17% | 6% |
| Number of jobs | 125,345 | 186,569 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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 operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs. Furthermore, as a director, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Finance managers and directors of operations and finance have different pay scales, as shown below.
| Finance Manager | Director Of Operations And Finance | |
| Average salary | $101,374 | $118,503 |
| Salary range | Between $71,000 And $144,000 | Between $77,000 And $181,000 |
| Highest paying City | New York, NY | San Mateo, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Barclays | Pure Storage |
| Best paying industry | Finance | Automotive |
There are a few differences between a finance manager and a director of operations and finance in terms of educational background:
| Finance Manager | Director Of Operations And Finance | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance managers' and directors of operations and finance' demographics:
| Finance Manager | Director Of Operations And Finance | |
| Average age | 46 | 44 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 61.7% Female, 38.3% |
| 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |