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The differences between finance project managers and project managers & leader 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 a project manager & leader takes usually requires 4-6 years. Additionally, a finance project manager has an average salary of $105,050, which is higher than the $102,092 average annual salary of a project manager & leader.
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 & leader are project management, infrastructure, and post implementation.
| Finance Project Manager | Project Manager & Leader | |
| Yearly salary | $105,050 | $102,092 |
| Hourly rate | $50.50 | $49.08 |
| Growth rate | 17% | - |
| Number of jobs | 253,611 | 190,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| 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.
A project manager & leader is responsible for monitoring the overall project management and staff operations, ensuring the efficiency and accuracy of project deliverables to meet the client's requirements, and achieving the highest customer satisfaction. Project managers/leaders implement strategic procedures to minimize costs while maximizing operational productivity. They identify business opportunities by analyzing the current market trends to develop services that would meet the clients' demands and the public's interests. A project manager & leader also handles the department budget, allocating adequate resources, and maintaining an organized delegation of tasks for the employees.
Finance project managers and project managers & leader have different pay scales, as shown below.
| Finance Project Manager | Project Manager & Leader | |
| Average salary | $105,050 | $102,092 |
| Salary range | Between $73,000 And $150,000 | Between $74,000 And $139,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Apple |
| Best paying industry | Technology | Health Care |
There are a few differences between a finance project manager and a project manager & leader in terms of educational background:
| Finance Project Manager | Project Manager & Leader | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between finance project managers' and project managers & leader' demographics:
| Finance Project Manager | Project Manager & Leader | |
| Average age | 46 | 44 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 72.0% Female, 28.0% |
| 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, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |