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The differences between finance project managers and finance directors 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 project manager and a finance director. Additionally, a finance director has an average salary of $118,518, which is higher than the $105,050 average annual salary of a finance project manager.
The top three skills for a finance project manager include project management, financial analysis and process improvement. The most important skills for a finance director are CPA, financial analysis, and payroll.
| Finance Project Manager | Finance Director | |
| Yearly salary | $105,050 | $118,518 |
| Hourly rate | $50.50 | $56.98 |
| Growth rate | 17% | 17% |
| Number of jobs | 253,611 | 90,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance project manager handles the financial analysis of a project management process, including budgeting from the clients' requirements until the forecasting on project revenues. Finance project managers analyze financial statements and account transactions of a company, identifying business opportunities to generate more resources to increase revenue and profits. They create financial reports, recommending cost-reduction techniques to minimize loss while increasing the efficiency of the staff performance, strategizing procedures to maximize productivity, especially on meeting deadlines with high-quality deliverables.
A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.
Finance project managers and finance directors have different pay scales, as shown below.
| Finance Project Manager | Finance Director | |
| Average salary | $105,050 | $118,518 |
| Salary range | Between $73,000 And $150,000 | Between $76,000 And $183,000 |
| Highest paying City | San Francisco, CA | Palo Alto, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a finance project manager and a finance director in terms of educational background:
| Finance Project Manager | Finance Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and finance directors' demographics:
| Finance Project Manager | Finance Director | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 65.1% Female, 34.9% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |