Post job

Finance manager vs finance vice president

The differences between finance managers and finance vice presidents 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 vice president. Additionally, a finance vice president has an average salary of $147,603, 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 vice president are CPA, financial analysis, and oversight.

Finance manager vs finance vice president overview

Finance ManagerFinance Vice President
Yearly salary$101,374$147,603
Hourly rate$48.74$70.96
Growth rate17%17%
Number of jobs125,345111,219
Job satisfaction55
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 75%
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 vice president do?

The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.

Finance manager vs finance vice president salary

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

Finance ManagerFinance Vice President
Average salary$101,374$147,603
Salary rangeBetween $71,000 And $144,000Between $98,000 And $222,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkAlaska
Best paying companyBarclaysBaltimore City Community College
Best paying industryFinanceManufacturing

Differences between finance manager and finance vice president education

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

Finance ManagerFinance Vice President
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance manager vs finance vice president demographics

Here are the differences between finance managers' and finance vice presidents' demographics:

Finance ManagerFinance Vice President
Average age4646
Gender ratioMale, 60.0% Female, 40.0%Male, 73.7% Female, 26.3%
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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance manager and finance vice president 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 vice president example responsibilities.

  • Manage day-to-day operation of cash function, as part of earlier treasury department responsibilities, originally heading general accounting responsibilities.
  • Key functions manage included cash management, treasury operations, corporate finance, financial/commodity hedging, credit and international trade finance.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Implement new policy and procedures for PFS department.
  • Spearhead department-wide conversion of the PFS office to a completely paperless system.
  • Lead in assessment and provide recommendations on government healthcare regulations and reimbursement implications.
  • Show more

Finance manager vs finance vice president skills

Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%
Common finance vice president skills
  • CPA, 6%
  • Financial Analysis, 5%
  • Oversight, 5%
  • Risk Management, 5%
  • Due Diligence, 3%
  • GAAP, 3%

Browse executive management jobs