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The differences between finance project managers and finance planning 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 planning manager. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Finance Project Manager | Finance Planning Manager | |
| Yearly salary | $105,050 | $109,162 |
| Hourly rate | $50.50 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 253,611 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| 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 planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Finance project managers and finance planning managers have different pay scales, as shown below.
| Finance Project Manager | Finance Planning Manager | |
| Average salary | $105,050 | $109,162 |
| Salary range | Between $73,000 And $150,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Delaware |
| Best paying company | Meta | Metropolitan Water District of Southern California |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a finance project manager and a finance planning manager in terms of educational background:
| Finance Project Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and finance planning managers' demographics:
| Finance Project Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |