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The differences between finance project managers and managers, project management can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance project manager has an average salary of $105,050, which is higher than the $102,925 average annual salary of a manager, project management.
The top three skills for a finance project manager include project management, financial analysis and process improvement. The most important skills for a manager, project management are project management, risk management, and portfolio.
| Finance Project Manager | Manager, Project Management | |
| Yearly salary | $105,050 | $102,925 |
| Hourly rate | $50.50 | $49.48 |
| Growth rate | 17% | 16% |
| Number of jobs | 253,611 | 263,655 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Average age | 46 | 47 |
| Years of experience | 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.
The role of a project management manager involves the planning, execution, monitoring, control, and closure of projects. Project managers oversee the scope of the entire project, the team, success or failure, and its resources. They facilitate productivity and commitment, remove obstacles, and motivate their team members. Their skills should include leadership, critical thinking, communication, negotiating, and risk management. They should also know about cost management, scheduling, and task management.
Finance project managers and managers, project management have different pay scales, as shown below.
| Finance Project Manager | Manager, Project Management | |
| Average salary | $105,050 | $102,925 |
| Salary range | Between $73,000 And $150,000 | Between $73,000 And $144,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Ropes & Gray |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a finance project manager and a manager, project management in terms of educational background:
| Finance Project Manager | Manager, Project Management | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and managers, project management' demographics:
| Finance Project Manager | Manager, Project Management | |
| Average age | 46 | 47 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 61.9% Female, 38.1% |
| 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, 4.7% Hispanic or Latino, 12.7% Asian, 9.0% White, 65.3% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 11% | 10% |