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The differences between finance officers and finance supervisors 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 officer, becoming a finance supervisor takes usually requires 2-4 years. Additionally, a finance supervisor has an average salary of $76,387, which is higher than the $68,822 average annual salary of a finance officer.
The top three skills for a finance officer include real estate, financial data and origination. The most important skills for a finance supervisor are customer service, patients, and reconciliations.
| Finance Officer | Finance Supervisor | |
| Yearly salary | $68,822 | $76,387 |
| Hourly rate | $33.09 | $36.72 |
| Growth rate | 17% | 6% |
| Number of jobs | 140,730 | 80,296 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 68% |
| Average age | 46 | 44 |
| Years of experience | 8 | 4 |
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.
A finance supervisor is typically in charge of overseeing the budgets and financial activities of a company. Among their responsibilities include coordinating with different departments to gather and analyze financial data, performing audits and assessments, preparing and presenting financial reports and budget plans, updating databases, and developing strategies to optimize the finance department's operations. Moreover, as a supervisor, it is essential to lead and encourage the finance staff to reach goals, all while enforcing the company's policies and regulations.
Finance officers and finance supervisors have different pay scales, as shown below.
| Finance Officer | Finance Supervisor | |
| Average salary | $68,822 | $76,387 |
| Salary range | Between $42,000 And $110,000 | Between $55,000 And $104,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Delaware | New Jersey |
| Best paying company | Citi | Pacific Gas and Electric |
| Best paying industry | - | Automotive |
There are a few differences between a finance officer and a finance supervisor in terms of educational background:
| Finance Officer | Finance Supervisor | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 68% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance officers' and finance supervisors' demographics:
| Finance Officer | Finance Supervisor | |
| Average age | 46 | 44 |
| Gender ratio | Male, 52.7% Female, 47.3% | Male, 47.2% Female, 52.8% |
| 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, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 7% |