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The differences between finance managers and finance controllers 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 finance controller. Additionally, a finance controller has an average salary of $105,869, 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 finance controller are CPA, payroll, and financial controller.
| Finance Manager | Finance Controller | |
| Yearly salary | $101,374 | $105,869 |
| Hourly rate | $48.74 | $50.90 |
| Growth rate | 17% | 17% |
| Number of jobs | 125,345 | 97,342 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| 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 financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.
Finance managers and finance controllers have different pay scales, as shown below.
| Finance Manager | Finance Controller | |
| Average salary | $101,374 | $105,869 |
| Salary range | Between $71,000 And $144,000 | Between $71,000 And $156,000 |
| Highest paying City | New York, NY | Yonkers, NY |
| Highest paying state | New York | New York |
| Best paying company | Barclays | Sage Memorial Hospital |
| Best paying industry | Finance | Technology |
There are a few differences between a finance manager and a finance controller in terms of educational background:
| Finance Manager | Finance Controller | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance managers' and finance controllers' demographics:
| Finance Manager | Finance Controller | |
| Average age | 46 | 46 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 61.5% Female, 38.5% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |