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Institution director vs chief finance officer

The differences between institution directors 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 an institution director and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $111,614 average annual salary of an institution director.

The top three skills for an institution director include oversight, integrated marketing and professional development. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Institution director vs chief finance officer overview

Institution DirectorChief Finance Officer
Yearly salary$111,614$143,947
Hourly rate$53.66$69.21
Growth rate6%6%
Number of jobs9,132145,184
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 72%
Average age5252
Years of experience--

What does an institution director do?

An institutional research coordinator is typically responsible for maintaining, monitoring, and assessing instructional databases to support and evaluate an institutional research, long term-planning, and decision making ideas of a researcher or a team. They help with other divisions' or departments' research-related activities, collect and interpret data, and provide technical support for teachers, researchers, and other coordinators. Also, they must monitor documents and research materials to ensure that they are used correctly.

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.

Institution director vs chief finance officer salary

Institution directors and chief finance officers have different pay scales, as shown below.

Institution DirectorChief Finance Officer
Average salary$111,614$143,947
Salary rangeBetween $72,000 And $172,000Between $80,000 And $257,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateNew YorkCalifornia
Best paying companyUnited States Holocaust Memorial MuseumBaker McKenzie
Best paying industryHealth CareConstruction

Differences between institution director and chief finance officer education

There are a few differences between an institution director and a chief finance officer in terms of educational background:

Institution DirectorChief Finance Officer
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Institution director vs chief finance officer demographics

Here are the differences between institution directors' and chief finance officers' demographics:

Institution DirectorChief Finance Officer
Average age5252
Gender ratioMale, 56.3% Female, 43.7%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 3.6% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.9% 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 institution director and chief finance officer duties and responsibilities

Institution director example responsibilities.

  • Lead the team toward delivering break-even EBITDA through focus on product mix, e-commerce growth, margin expansion and expense reduction.
  • Represent the IRB at relevant meetings.
  • Obtain financial and quality outcomes for Neuroscience relate programs system wide.
  • Develop bank's fix income securities sales activities for regions in tri-state area.
  • Mentore elementary school students as part of a unique partnership between the outreach ministry and the DISD.
  • Provide guidance and training to staff on IRB management and procedures, and oversee educational outreach to the research community.
  • 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

Institution director vs chief finance officer skills

Common institution director skills
  • Oversight, 18%
  • Integrated Marketing, 8%
  • Professional Development, 7%
  • Strategic Plan, 6%
  • IRB, 6%
  • Rehabilitation, 3%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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