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Founder and chief executive officer vs chief finance officer

The differences between founder and chief executive officers and chief finance officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a founder and chief executive officer and a chief finance officer. Additionally, a founder and chief executive officer has an average salary of $171,886, which is higher than the $143,947 average annual salary of a chief finance officer.

The top three skills for a founder and chief executive officer include web design, financial statements and business strategy. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Founder and chief executive officer vs chief finance officer overview

Founder And Chief Executive OfficerChief Finance Officer
Yearly salary$171,886$143,947
Hourly rate$82.64$69.21
Growth rate6%6%
Number of jobs130,252145,184
Job satisfaction4-
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 72%
Average age5252
Years of experience--

What does a founder and chief executive officer do?

Being the highest-ranking executive, founders, and chief executive officers (CEO) is responsible for making strategic corporate decisions for an organization. Their duties and responsibilities varied depending on the size, corporate structure, and culture of a company. These include acting as the primary point of contact between corporate operations and the board of directors, managing the entire resources and operations of a company, and being the company's public face. They are often more involved and hands-on with the company's daily operations and are expected to set the vision, tone, and culture of an organization.

What does a chief finance officer do?

A chief financial officer is responsible for managing and reviewing the financial status of a company. Chief financial officers' duties include ensuring the accuracy of financial reports, monitoring the company's expenses and budget goals, providing recommendations to prevent financial loss and increase revenues, processing the company's tax obligations, and resolving financial disputes. A chief financial officer must have an impeccable knowledge of the financial industry, updated with the current market trend, and strong leadership and decision-making skills to support the organization's financial department.

Founder and chief executive officer vs chief finance officer salary

Founder and chief executive officers and chief finance officers have different pay scales, as shown below.

Founder And Chief Executive OfficerChief Finance Officer
Average salary$171,886$143,947
Salary rangeBetween $107,000 And $275,000Between $80,000 And $257,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew JerseyCalifornia
Best paying companyUpGuardBaker McKenzie
Best paying industryEnergyConstruction

Differences between founder and chief executive officer and chief finance officer education

There are a few differences between a founder and chief executive officer and a chief finance officer in terms of educational background:

Founder And Chief Executive OfficerChief Finance Officer
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Founder and chief executive officer vs chief finance officer demographics

Here are the differences between founder and chief executive officers' and chief finance officers' demographics:

Founder And Chief Executive OfficerChief Finance Officer
Average age5252
Gender ratioMale, 73.2% Female, 26.8%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6%Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between founder and chief executive officer and chief finance officer duties and responsibilities

Founder and chief executive officer example responsibilities.

  • Manage company expense and payroll accounts, purchase and deliver materials to job-sites, and business administrative services simultaneously.
  • Experience writing SQL queries, store procedures, views, and reports.
  • Founder of LLC youth recreation and sports development organization that provides recreation and sports training and opportunities.
  • Introduce the new UNIX windows interfaces and report generator at various conventions and meetings around the country.
  • Configure and install protocols on server side and client side using SQL server client and server configuration tools.
  • Founded, start up and successfully operate SPEI, LLC, an engineering, quality assurance and risk management consulting firm.
  • Show more

Chief finance officer example responsibilities.

  • Lead management team in developing and executing a combination of pricing and cost savings strategies that improve EBITDA more than threefold.
  • Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
  • Lead system conversion to Hyperion planning budgeting/forecasting software, responsible for training, developing and implementation.
  • Manage all firm banking relationships, treasury functions and retain signatory authority for all partnership and corporate accounts.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Prepare annual general ledger reconciliations and consolidate financial reports for CPA tax preparation.
  • Show more

Founder and chief executive officer vs chief finance officer skills

Common founder and chief executive officer skills
  • Web Design, 18%
  • Financial Statements, 8%
  • Business Strategy, 7%
  • R, 6%
  • Business Plan, 6%
  • Product Development, 5%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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