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Finance vice president vs corporate vice president

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 vs corporate vice president overview

Finance Vice PresidentCorporate Vice President
Yearly salary$147,603$165,788
Hourly rate$70.96$79.71
Growth rate17%6%
Number of jobs111,21969,051
Job satisfaction5-
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 72%
Average age4652
Years of experience8-

What does a finance vice president do?

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.

What does a corporate vice president do?

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 president vs corporate vice president salary

Finance vice presidents and corporate vice presidents have different pay scales, as shown below.

Finance Vice PresidentCorporate Vice President
Average salary$147,603$165,788
Salary rangeBetween $98,000 And $222,000Between $113,000 And $242,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateAlaskaNevada
Best paying companyBaltimore City Community CollegeBrookfield Properties
Best paying industryManufacturingHospitality

Differences between finance vice president and corporate vice president education

There are a few differences between a finance vice president and a corporate vice president in terms of educational background:

Finance Vice PresidentCorporate Vice President
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 72%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Finance vice president vs corporate vice president demographics

Here are the differences between finance vice presidents' and corporate vice presidents' demographics:

Finance Vice PresidentCorporate Vice President
Average age4652
Gender ratioMale, 73.7% Female, 26.3%Male, 73.8% Female, 26.2%
Race ratioBlack 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 Percentage11%12%

Differences between finance vice president and corporate vice president duties and responsibilities

Finance vice president example responsibilities.

  • Manage day-to-day operation of cash function, as part of earlier treasury department responsibilities, originally heading general accounting responsibilities.
  • Key functions manage included cash management, treasury operations, corporate finance, financial/commodity hedging, credit and international trade finance.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Implement new policy and procedures for PFS department.
  • Spearhead department-wide conversion of the PFS office to a completely paperless system.
  • Lead in assessment and provide recommendations on government healthcare regulations and reimbursement implications.
  • Show more

Corporate vice president example responsibilities.

  • Manage all corporate administration: accounting, payroll, employee relations, data processing, and all other administrative functions.
  • Manage company-wide initiative to implement internal control processes compliant with Sarbanes-Oxley.
  • Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
  • Provide management oversight and support to international markets to ensure compliance with U.S. GAAP and internal management reporting requirements.
  • Work with outside consultants and CPA.
  • Produce payroll for thirty staff and union workers, make payroll deposits, and produce annual payroll documents.
  • Show more

Finance vice president vs corporate vice president skills

Common finance vice president skills
  • CPA, 6%
  • Financial Analysis, 5%
  • Oversight, 5%
  • Risk Management, 5%
  • Due Diligence, 3%
  • GAAP, 3%
Common corporate vice president skills
  • Risk Management, 9%
  • Portfolio, 8%
  • Oversight, 7%
  • Project Management, 6%
  • Financial Statements, 5%
  • Real Estate, 4%

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