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The differences between finance officers and finance account 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 officer and a finance account manager. Additionally, a finance officer has an average salary of $68,822, which is higher than the $68,403 average annual salary of a finance account manager.
The top three skills for a finance officer include real estate, financial data and origination. The most important skills for a finance account manager are financial services, account management, and financial analysis.
| Finance Officer | Finance Account Manager | |
| Yearly salary | $68,822 | $68,403 |
| Hourly rate | $33.09 | $32.89 |
| Growth rate | 17% | 17% |
| Number of jobs | 140,730 | 184,766 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance officer is responsible for monitoring the financial department and the transactions of an organization. Finance officers analyze financial reports, update account statements, and oversee the budget allocation for business operations. They also resolve billing discrepancies and banking issues, assist in cash statement release, and manage payroll disputes. A finance officer conducts data and statistical analysis to evaluate the company's financial performance and stability and identifying opportunities to increase revenues and grow more profits.
The job of a finance account manager is to oversee, monitor, and evaluate the day-to-day activities of an organization's accounting department. As a finance account manager, you will perform a variety of tasks that may include assisting the accountant with reports and client settlement transactions, developing and implementing operational procedures and policies, and monitoring and analyzing accounting data. You will also be responsible for producing financial statements and reports and ensuring that the organization's financial accounting goals and objectives are met.
Finance officers and finance account managers have different pay scales, as shown below.
| Finance Officer | Finance Account Manager | |
| Average salary | $68,822 | $68,403 |
| Salary range | Between $42,000 And $110,000 | Between $46,000 And $100,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Delaware | Pennsylvania |
| Best paying company | Citi | The New York Times Company |
| Best paying industry | - | Manufacturing |
There are a few differences between a finance officer and a finance account manager in terms of educational background:
| Finance Officer | Finance Account Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance officers' and finance account managers' demographics:
| Finance Officer | Finance Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.7% Female, 47.3% | Male, 48.7% Female, 51.3% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |