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Founder, co-owner vs chief finance officer

The differences between founders, co-owner 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, co-owner and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $83,356 average annual salary of a founder, co-owner.

The top three skills for a founder, co-owner include business plan, payroll and R. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Founder, co-owner vs chief finance officer overview

Founder, Co-OwnerChief Finance Officer
Yearly salary$83,356$143,947
Hourly rate$40.08$69.21
Growth rate6%6%
Number of jobs50,040145,184
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 72%
Average age5252
Years of experience--

Founder, co-owner vs chief finance officer salary

Founders, co-owner and chief finance officers have different pay scales, as shown below.

Founder, Co-OwnerChief Finance Officer
Average salary$83,356$143,947
Salary rangeBetween $46,000 And $150,000Between $80,000 And $257,000
Highest paying City-Washington, DC
Highest paying state-California
Best paying company-Baker McKenzie
Best paying industry-Construction

Differences between founder, co-owner and chief finance officer education

There are a few differences between a founder, co-owner and a chief finance officer in terms of educational background:

Founder, Co-OwnerChief Finance Officer
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Founder, co-owner vs chief finance officer demographics

Here are the differences between founders, co-owner' and chief finance officers' demographics:

Founder, Co-OwnerChief Finance Officer
Average age5252
Gender ratioMale, 66.3% Female, 33.7%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% 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, co-owner and chief finance officer duties and responsibilities

Founder, co-owner example responsibilities.

  • Manage production, oversee international shipping and coordinate between Guatemala and NYC office and international retailers.
  • Establish a license LLC in the state of Michigan in order to operate a business.
  • Form LLC and purchase equipment to provide bus transportation for corporate groups, shuttles, and special events.
  • Leverage existing on-line consignment presence & invest in the training and additional resources require to dramatically enhance e-commerce skills and capabilities.
  • Generate major OEM product specifications and development plans and schedules.

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, co-owner vs chief finance officer skills

Common founder, co-owner skills
  • Business Plan, 10%
  • Payroll, 8%
  • R, 5%
  • SEO, 5%
  • Facebook, 4%
  • Business Development, 4%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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