Management accounts manager vs finance manager

The differences between management accounts managers and finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a management accounts manager and a finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $91,681 average annual salary of a management accounts manager.

The top three skills for a management accounts manager include customer service, client facing and project management. The most important skills for a finance manager are financial analysis, CPA, and customer service.

Management accounts manager vs finance manager overview

	Management Accounts Manager	Finance Manager
Yearly salary	$91,681	$101,374
Hourly rate	$44.08	$48.74
Growth rate	17%	17%
Number of jobs	113,871	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does a management accounts manager do?

A management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.

What does a finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Management accounts manager vs finance manager salary

Management accounts managers and finance managers have different pay scales, as shown below.

	Management Accounts Manager	Finance Manager
Average salary	$91,681	$101,374
Salary range	Between $66,000 And $125,000	Between $71,000 And $144,000
Highest paying City	Seattle, WA	New York, NY
Highest paying state	Washington	New York
Best paying company	Meta	Barclays
Best paying industry	Energy	Finance

Differences between management accounts manager and finance manager education

There are a few differences between a management accounts manager and a finance manager in terms of educational background:

	Management Accounts Manager	Finance Manager
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Management accounts manager vs finance manager demographics

Here are the differences between management accounts managers' and finance managers' demographics:

	Management Accounts Manager	Finance Manager
Average age	46	46
Gender ratio	Male, 48.6% Female, 51.4%	Male, 60.0% Female, 40.0%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3%	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between management accounts manager and finance manager duties and responsibilities

Management accounts manager example responsibilities.

Manage company strategic initiatives for the Americas.
Specialize in data collection logistics and documentation on specific vehicles and manage inventory using CRM applications.
Report directly to the VP of Americas on all sales base initiatives.
Coordinate financial closings and consolidations working to enhance the Solomon ERP system.
Serve as project team lead from the accounting department for the ERP system conversion to JD Edwards.
Conduct quarterly Sarbanes-Oxley testing and documentation.

Finance manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

Management accounts manager vs finance manager skills

Common management accounts manager skills

Customer Service, 18%
Client Facing, 7%
Project Management, 6%
Customer Satisfaction, 6%
Business Development, 6%
CRM, 4%

Common finance manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%

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Management Accounts Manager
Management Accounts Manager vs Finance Manager

Updated January 8, 2025

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