Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
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 | Finance Vice President | |
| Yearly salary | $101,374 | $147,603 |
| Hourly rate | $48.74 | $70.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 125,345 | 111,219 |
| Job satisfaction | 5 | 5 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 75% |
| 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.
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 managers and finance vice presidents have different pay scales, as shown below.
| Finance Manager | Finance Vice President | |
| Average salary | $101,374 | $147,603 |
| Salary range | Between $71,000 And $144,000 | Between $98,000 And $222,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Alaska |
| Best paying company | Barclays | Baltimore City Community College |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a finance manager and a finance vice president in terms of educational background:
| Finance Manager | Finance Vice President | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance managers' and finance vice presidents' demographics:
| Finance Manager | Finance Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 60.0% Female, 40.0% | Male, 73.7% Female, 26.3% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |