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The differences between finance vice presidents and corporate vice presidents 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 vice president, becoming a corporate vice president takes usually requires More than 10 years. Additionally, a corporate vice president has an average salary of $165,788, which is higher than the $147,603 average annual salary of a finance vice president.
The top three skills for a finance vice president include CPA, financial analysis and oversight. The most important skills for a corporate vice president are risk management, portfolio, and oversight.
| Finance Vice President | Corporate Vice President | |
| Yearly salary | $147,603 | $165,788 |
| Hourly rate | $70.96 | $79.71 |
| Growth rate | 17% | 6% |
| Number of jobs | 111,219 | 69,051 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
A corporate vice president is an executive professional who is vital in managing staff and supervising departmental operations of a corporation. Corporate vice presidents must assist the president and the board of directors in designing the overall mission, values, and strategic goals of the corporation. As determined by the business's strategic goals, vice presidents must contribute to sales innovations, strategic business development, and the profitability of the corporation. Corporate vice presidents must also attend meetings with the board of directors to share information about competitors and expansion opportunities.
Finance vice presidents and corporate vice presidents have different pay scales, as shown below.
| Finance Vice President | Corporate Vice President | |
| Average salary | $147,603 | $165,788 |
| Salary range | Between $98,000 And $222,000 | Between $113,000 And $242,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Alaska | Nevada |
| Best paying company | Baltimore City Community College | Brookfield Properties |
| Best paying industry | Manufacturing | Hospitality |
There are a few differences between a finance vice president and a corporate vice president in terms of educational background:
| Finance Vice President | Corporate Vice President | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between finance vice presidents' and corporate vice presidents' demographics:
| Finance Vice President | Corporate Vice President | |
| Average age | 46 | 52 |
| Gender ratio | Male, 73.7% Female, 26.3% | Male, 73.8% Female, 26.2% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |