Post job

Finance project manager vs finance manager

The differences between finance project managers and finance 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 project manager and a finance manager. Additionally, a finance project manager has an average salary of $105,050, which is higher than the $101,374 average annual salary of a finance 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 manager are financial analysis, CPA, and customer service.

Finance project manager vs finance manager overview

Finance Project ManagerFinance Manager
Yearly salary$105,050$101,374
Hourly rate$50.50$48.74
Growth rate17%17%
Number of jobs253,611125,345
Job satisfaction-5
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 66%
Average age4646
Years of experience88

What does a finance project manager do?

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.

What does a finance manager do?

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.

Finance project manager vs finance manager salary

Finance project managers and finance managers have different pay scales, as shown below.

Finance Project ManagerFinance Manager
Average salary$105,050$101,374
Salary rangeBetween $73,000 And $150,000Between $71,000 And $144,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateCaliforniaNew York
Best paying companyMetaBarclays
Best paying industryTechnologyFinance

Differences between finance project manager and finance manager education

There are a few differences between a finance project manager and a finance manager in terms of educational background:

Finance Project ManagerFinance Manager
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance project manager vs finance manager demographics

Here are the differences between finance project managers' and finance managers' demographics:

Finance Project ManagerFinance Manager
Average age4646
Gender ratioMale, 63.1% Female, 36.9%Male, 60.0% Female, 40.0%
Race ratioBlack 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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between finance project manager and finance manager duties and responsibilities

Finance project manager example responsibilities.

  • Manage and coordinate all aspect of treasury operations.
  • Manage and implement Hyperion centralize planning/budgeting/forecasting solution.
  • Design all new internal management financial reports during the implementation and develop these reports in the new ERP environment.
  • Team member for ERP and accounting package evaluation and implementation project.
  • Maintain cash and paper flow, including monthly reporting, payroll, and expenses, using QuickBooks.
  • Enhance existing cash flow model and correct Hyperion logic rules as required for acquisitions, disposition and restatements.
  • Show more

Finance manager example responsibilities.

  • Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
  • Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
  • Lead successful sales team and provide direct oversight on overall dealership business profitability.
  • Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
  • Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
  • Execute simple SQL queries to validate data in tables.
  • Show more

Finance project manager vs finance manager skills

Common finance project manager skills
  • Project Management, 18%
  • Financial Analysis, 7%
  • Process Improvement, 4%
  • Financial Systems, 3%
  • Project Plan, 3%
  • Risk Management, 3%
Common finance manager skills
  • Financial Analysis, 7%
  • CPA, 7%
  • Customer Service, 6%
  • Hyperion, 4%
  • Financial Models, 4%
  • Strong Analytical, 4%

Browse executive management jobs