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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 | Finance Manager | |
| Yearly salary | $105,050 | $101,374 |
| Hourly rate | $50.50 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 253,611 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| 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 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 managers and finance managers have different pay scales, as shown below.
| Finance Project Manager | Finance Manager | |
| Average salary | $105,050 | $101,374 |
| Salary range | Between $73,000 And $150,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Meta | Barclays |
| Best paying industry | Technology | Finance |
There are a few differences between a finance project manager and a finance manager in terms of educational background:
| Finance Project Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and finance managers' demographics:
| Finance Project Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 60.0% Female, 40.0% |
| 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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |