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The differences between finance supervisors and 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 finance manager takes usually requires 6-8 years. Additionally, a finance manager has an average salary of $101,374, 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 finance manager are financial analysis, CPA, and customer service.
| Finance Supervisor | Finance Manager | |
| Yearly salary | $76,387 | $101,374 |
| Hourly rate | $36.72 | $48.74 |
| Growth rate | 6% | 17% |
| Number of jobs | 80,296 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Average age | 44 | 46 |
| Years of experience | 4 | 8 |
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.
A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Finance supervisors and finance managers have different pay scales, as shown below.
| Finance Supervisor | Finance Manager | |
| Average salary | $76,387 | $101,374 |
| Salary range | Between $55,000 And $104,000 | Between $71,000 And $144,000 |
| Highest paying City | Jersey City, NJ | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Pacific Gas and Electric | Barclays |
| Best paying industry | Automotive | Finance |
There are a few differences between a finance supervisor and a finance manager in terms of educational background:
| Finance Supervisor | Finance Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance supervisors' and finance managers' demographics:
| Finance Supervisor | Finance Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 47.2% Female, 52.8% | Male, 60.0% Female, 40.0% |
| Race ratio | Black 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |