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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 | Operations Project Manager | |
| Yearly salary | $105,050 | $90,352 |
| Hourly rate | $50.50 | $43.44 |
| Growth rate | 17% | 6% |
| Number of jobs | 253,611 | 210,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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.
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 managers and operations project managers have different pay scales, as shown below.
| Finance Project Manager | Operations Project Manager | |
| Average salary | $105,050 | $90,352 |
| Salary range | Between $73,000 And $150,000 | Between $66,000 And $122,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Connecticut |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Finance |
There are a few differences between a finance project manager and an operations project manager in terms of educational background:
| Finance Project Manager | Operations Project Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and operations project managers' demographics:
| Finance Project Manager | Operations Project Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 68.7% Female, 31.3% |
| 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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |