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The differences between managers/finance accounting and business manager-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 manager/finance accounting and a business manager-finance manager. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $91,315 average annual salary of a manager/finance accounting.
The top three skills for a manager/finance accounting include customer service, CPA and GAAP. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.
| Manager/Finance Accounting | Business Manager-Finance Manager | |
| Yearly salary | $91,315 | $106,036 |
| Hourly rate | $43.90 | $50.98 |
| Growth rate | 17% | 17% |
| Number of jobs | 132,824 | 180,161 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
Managers/finance accounting and business manager-finance managers have different pay scales, as shown below.
| Manager/Finance Accounting | Business Manager-Finance Manager | |
| Average salary | $91,315 | $106,036 |
| Salary range | Between $65,000 And $127,000 | Between $73,000 And $152,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Mayo Clinic | ZS |
| Best paying industry | Government | Finance |
There are a few differences between a manager/finance accounting and a business manager-finance manager in terms of educational background:
| Manager/Finance Accounting | Business Manager-Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers/finance accounting' and business manager-finance managers' demographics:
| Manager/Finance Accounting | Business Manager-Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 58.8% Female, 41.2% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |