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Finance/office manager vs business manager

The differences between finance/office managers and business managers 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/office manager, becoming a business manager takes usually requires 4-6 years. Additionally, a business manager has an average salary of $83,198, which is higher than the $76,827 average annual salary of a finance/office manager.

The top three skills for a finance/office manager include payroll processing, office procedures and customer service. The most important skills for a business manager are customer service, powerpoint, and project management.

Finance/office manager vs business manager overview

Finance/Office ManagerBusiness Manager
Yearly salary$76,827$83,198
Hourly rate$36.94$40.00
Growth rate17%6%
Number of jobs135,729377,191
Job satisfaction-5
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 65%
Average age4644
Years of experience86

Finance/office manager vs business manager salary

Finance/office managers and business managers have different pay scales, as shown below.

Finance/Office ManagerBusiness Manager
Average salary$76,827$83,198
Salary rangeBetween $48,000 And $122,000Between $47,000 And $145,000
Highest paying City-Seattle, WA
Highest paying state-Washington
Best paying company-The Citadel
Best paying industry-Technology

Differences between finance/office manager and business manager education

There are a few differences between a finance/office manager and a business manager in terms of educational background:

Finance/Office ManagerBusiness Manager
Most common degreeBachelor's Degree, 57%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance/office manager vs business manager demographics

Here are the differences between finance/office managers' and business managers' demographics:

Finance/Office ManagerBusiness Manager
Average age4644
Gender ratioMale, 18.4% Female, 81.6%Male, 43.2% Female, 56.8%
Race ratioBlack or African American, 8.0% Unknown, 4.1% Hispanic or Latino, 15.4% Asian, 7.6% White, 64.5% American Indian and Alaska Native, 0.3%Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.2% American Indian and Alaska Native, 0.5%
LGBT Percentage11%10%

Differences between finance/office manager and business manager duties and responsibilities

Finance/office manager example responsibilities.

  • Manage procedural implementation for transition of office to HIPPA regulatory compliance and Medicare PQRI guidelines.
  • Prepare year-end summary information for preparation of corporate tax returns on a cash basis by third party CPA.
  • Organize audit and tax schedules and deal with any queries from the contracted CPA firm.
  • Process A/P & A/R's, invoices, various documents, process checks/balance bank account, in QuickBooks.
  • Maintain all corporate financial records using QuickBooks.
  • Perform accounts receivable duties including invoicing, discrepancies, issuing credit memos, reconciliations and responding to customer requests for documentation
  • Show more

Business manager example responsibilities.

  • Coordinate and manage hvac projects from estimate to invoice.
  • Manage accounting, treasury, and process improvement initiatives to effect financial turnaround of CMRO business unit.
  • Manage and supervise firm operations on a daily basis including purchases, accounting, scheduling of vendors, attorney and CPA.
  • Create solutions in the areas of invoicing, AR reporting and payment methods that lead to system improvements and streamline processes.
  • Manage all human resource activities, operational processes and financial oversight.
  • Develop internal operating procedures design to achieve efficient clinic operations and maximum service to patients.
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Finance/office manager vs business manager skills

Common finance/office manager skills
  • Payroll Processing, 19%
  • Office Procedures, 12%
  • Customer Service, 9%
  • Human Resources, 4%
  • Accounts Receivables, 3%
  • General Ledger, 3%
Common business manager skills
  • Customer Service, 21%
  • PowerPoint, 7%
  • Project Management, 6%
  • Human Resources, 6%
  • Payroll Taxes, 5%
  • Business Plan, 4%

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