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Finance manager vs finance planning manager

The differences between finance managers and finance planning managers 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 planning manager. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.

Finance manager vs finance planning manager overview

Finance ManagerFinance Planning Manager
Yearly salary$101,374$109,162
Hourly rate$48.74$52.48
Growth rate17%17%
Number of jobs125,345120,588
Job satisfaction5-
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 73%
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 a finance planning manager do?

A finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

Finance manager vs finance planning manager salary

Finance managers and finance planning managers have different pay scales, as shown below.

Finance ManagerFinance Planning Manager
Average salary$101,374$109,162
Salary rangeBetween $71,000 And $144,000Between $78,000 And $152,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkDelaware
Best paying companyBarclaysMetropolitan Water District of Southern California
Best paying industryFinanceManufacturing

Differences between finance manager and finance planning manager education

There are a few differences between a finance manager and a finance planning manager in terms of educational background:

Finance ManagerFinance Planning Manager
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 73%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance manager vs finance planning manager demographics

Here are the differences between finance managers' and finance planning managers' demographics:

Finance ManagerFinance Planning Manager
Average age4646
Gender ratioMale, 60.0% Female, 40.0%Male, 69.8% Female, 30.2%
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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance manager and finance planning manager 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

Finance planning manager example responsibilities.

  • Manage international income tax, insurance and treasury functions.
  • Conduct evaluations of budgeting and forecasting tools and integration with PeopleSoft ERP system achieving more efficiency in the budgeting process.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
  • Develop and assess profitability of product lines through interpretation of financial statements and KPIs.
  • report requirements collection/analysis, reporting system design, writing SQL, building reports . )
  • Partner with other developers and analysts on best practices in Essbase and QlikView design and development.
  • Show more

Finance manager vs finance planning manager skills

Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%
Common finance planning manager skills
  • Financial Analysis, 10%
  • Financial Planning Analysis, 8%
  • Financial Models, 7%
  • Financial Performance, 6%
  • Hyperion, 6%
  • Financial Data, 5%

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