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The differences between finance project managers and project managers 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 $91,578 average annual salary of a 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 project manager are project management, project scope, and customer service.
| Finance Project Manager | Project Manager | |
| Yearly salary | $105,050 | $91,578 |
| Hourly rate | $50.50 | $44.03 |
| Growth rate | 17% | 8% |
| Number of jobs | 253,611 | 167,116 |
| Job satisfaction | - | 4.17 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| 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.
Project managers oversee a specific project related to the organization's business. They manage the whole project from inception to evaluation. They initiate planning with involved departments, follow-through on the plans, ensure smooth execution of the plans, and evaluate the project for further improvements should these be needed. In line with this, project managers also ensure that the project is cost-efficient and well within the budget. They also manage the different work teams involved in the project and ensure that things are running smoothly on this aspect as well.
Finance project managers and project managers have different pay scales, as shown below.
| Finance Project Manager | Project Manager | |
| Average salary | $105,050 | $91,578 |
| Salary range | Between $73,000 And $150,000 | Between $64,000 And $129,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | The Citadel |
| Best paying industry | Technology | Technology |
There are a few differences between a finance project manager and a project manager in terms of educational background:
| Finance Project Manager | 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 project managers' demographics:
| Finance Project Manager | Project Manager | |
| Average age | 46 | 47 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 68.9% Female, 31.1% |
| 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, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 11% | 10% |