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Finance project manager vs operations project manager

The differences between finance project managers and operations project managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance project manager, becoming an operations project manager takes usually requires 4-6 years. Additionally, a finance project manager has an average salary of $105,050, which is higher than the $90,352 average annual salary of an operations project manager.

The top three skills for a finance project manager include project management, financial analysis and process improvement. The most important skills for an operations project manager are project management, business operations, and risk management.

Finance project manager vs operations project manager overview

Finance Project ManagerOperations Project Manager
Yearly salary$105,050$90,352
Hourly rate$50.50$43.44
Growth rate17%6%
Number of jobs253,611210,582
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 68%
Average age4644
Years of experience86

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 an operations project manager do?

An operations project manager is responsible for monitoring the performance of the project team, ensuring that the operations meet the clients' standards and internal regulations with maximum productivity and efficiency. Operations project managers manage the department's budget and allocate materials and resources accurately, maintaining a record of expenses and costs forecasting. They coordinate with the clients, discussing project adjustments or additional tasks as needed, and lead project execution and deliverables by determining the team's needs and concerns, and enforcing strategic procedures.

Finance project manager vs operations project manager salary

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

Finance Project ManagerOperations Project Manager
Average salary$105,050$90,352
Salary rangeBetween $73,000 And $150,000Between $66,000 And $122,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaConnecticut
Best paying companyMetaMeta
Best paying industryTechnologyFinance

Differences between finance project manager and operations project manager education

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

Finance Project ManagerOperations Project Manager
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance project manager vs operations project manager demographics

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

Finance Project ManagerOperations Project Manager
Average age4644
Gender ratioMale, 63.1% Female, 36.9%Male, 68.7% Female, 31.3%
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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage11%10%

Differences between finance project manager and operations project 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

Operations project manager example responsibilities.

  • Manage resource allocation to help maximize ROI and focus on the division's strategy.
  • Manage operational programs that include the introduction and preparation for the manufacture of new products, design enhancements and OEM deviations.
  • Manage elaborate software implementation projects relate to national convenience store/gas station point of sale (POS) technology.
  • Manage payroll distribution process ensuring timeliness, accuracy, and confidentiality to protect client's privacy and prevent liability of exposure.
  • Reduce emergency department length of stay: participants reduce time to admit patients by 90 minutes.
  • Assist with providing best practices for the PMO base on previous positions that include PMO set up and interaction.
  • Show more

Finance project manager vs operations project 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 operations project manager skills
  • Project Management, 20%
  • Business Operations, 6%
  • Risk Management, 5%
  • Process Improvement, 4%
  • Business Process, 4%
  • Provide Management, 4%

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