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Finance supervisor vs business manager-finance manager

The differences between finance supervisors and business manager-finance managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a finance supervisor, becoming a business manager-finance manager takes usually requires 6-8 years. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $76,387 average annual salary of a finance supervisor.

The top three skills for a finance supervisor include customer service, patients and reconciliations. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.

Finance supervisor vs business manager-finance manager overview

Finance SupervisorBusiness Manager-Finance Manager
Yearly salary$76,387$106,036
Hourly rate$36.72$50.98
Growth rate6%17%
Number of jobs80,296180,161
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 64%
Average age4446
Years of experience48

What does a finance supervisor do?

A finance supervisor is typically in charge of overseeing the budgets and financial activities of a company. Among their responsibilities include coordinating with different departments to gather and analyze financial data, performing audits and assessments, preparing and presenting financial reports and budget plans, updating databases, and developing strategies to optimize the finance department's operations. Moreover, as a supervisor, it is essential to lead and encourage the finance staff to reach goals, all while enforcing the company's policies and regulations.

What does a business manager-finance manager do?

A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.

Finance supervisor vs business manager-finance manager salary

Finance supervisors and business manager-finance managers have different pay scales, as shown below.

Finance SupervisorBusiness Manager-Finance Manager
Average salary$76,387$106,036
Salary rangeBetween $55,000 And $104,000Between $73,000 And $152,000
Highest paying CityJersey City, NJSan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyPacific Gas and ElectricZS
Best paying industryAutomotiveFinance

Differences between finance supervisor and business manager-finance manager education

There are a few differences between a finance supervisor and a business manager-finance manager in terms of educational background:

Finance SupervisorBusiness Manager-Finance Manager
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 64%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance supervisor vs business manager-finance manager demographics

Here are the differences between finance supervisors' and business manager-finance managers' demographics:

Finance SupervisorBusiness Manager-Finance Manager
Average age4446
Gender ratioMale, 47.2% Female, 52.8%Male, 58.8% Female, 41.2%
Race ratioBlack or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5%Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3%
LGBT Percentage7%11%

Differences between finance supervisor and business manager-finance manager duties and responsibilities

Finance supervisor example responsibilities.

  • Lead financial planning & analysis, accounting/general ledger operations and GAAP financial reporting for multiple locations.
  • Supervise month-end close activities, including reviewing journal entries, account reconciliations, financial statement preparation, inventory and capital.
  • Create and update Hyperion reports for various departmental needs.
  • Prepare and update SOX and internal policies and procedures quarterly for the accounting department.
  • Conduct audits of processes to determine compliance with prescribe procedures, accuracy of records and SOX.
  • Team leader for the accounting department during the upgrade of the company's ERP system from FP2 to FP7.
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Business manager-finance manager example responsibilities.

  • Project manage implementation of ERP forecasting and budgeting system.
  • Manage accounting operations, accounting period closing, account reporting, and reconciliations.
  • Manage senior financial analysts responsible for evaluating the financial risks of a portfolio of large property and casualty insurance programs.
  • Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.
  • Execute all aspects of management including payroll, A/R, A/P and OSHA.
  • Establish, coordinate, and supervise treasury functions and international currency management for multiple foreign currency accounts in various countries.
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Finance supervisor vs business manager-finance manager skills

Common finance supervisor skills
  • Customer Service, 13%
  • Patients, 6%
  • Reconciliations, 6%
  • Internal Controls, 6%
  • Strong Analytical, 6%
  • Payroll, 5%
Common business manager-finance manager skills
  • Financial Analysis, 12%
  • Project Management, 5%
  • Financial Management, 4%
  • Oversight, 4%
  • Shared Services, 3%
  • Process Improvement, 3%

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