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The differences between managers/finance accounting and finance leaders 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 finance leader. Additionally, a finance leader has an average salary of $117,284, 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 finance leader are financial analysis, financial management, and business development.
| Manager/Finance Accounting | Finance Leader | |
| Yearly salary | $91,315 | $117,284 |
| Hourly rate | $43.90 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 132,824 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| 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.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Managers/finance accounting and finance leaders have different pay scales, as shown below.
| Manager/Finance Accounting | Finance Leader | |
| Average salary | $91,315 | $117,284 |
| Salary range | Between $65,000 And $127,000 | Between $78,000 And $174,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Mayo Clinic | Apple |
| Best paying industry | Government | Finance |
There are a few differences between a manager/finance accounting and a finance leader in terms of educational background:
| Manager/Finance Accounting | Finance Leader | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers/finance accounting' and finance leaders' demographics:
| Manager/Finance Accounting | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 60.0% Female, 40.0% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |