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The differences between managers/finance accounting and management accounts 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 management accounts manager. Additionally, a management accounts manager has an average salary of $91,681, 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 management accounts manager are customer service, client facing, and project management.
| Manager/Finance Accounting | Management Accounts Manager | |
| Yearly salary | $91,315 | $91,681 |
| Hourly rate | $43.90 | $44.08 |
| Growth rate | 17% | 17% |
| Number of jobs | 132,824 | 113,871 |
| 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.
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.
Managers/finance accounting and management accounts managers have different pay scales, as shown below.
| Manager/Finance Accounting | Management Accounts Manager | |
| Average salary | $91,315 | $91,681 |
| Salary range | Between $65,000 And $127,000 | Between $66,000 And $125,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | Connecticut | Washington |
| Best paying company | Mayo Clinic | Meta |
| Best paying industry | Government | Energy |
There are a few differences between a manager/finance accounting and a management accounts manager in terms of educational background:
| Manager/Finance Accounting | Management Accounts Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers/finance accounting' and management accounts managers' demographics:
| Manager/Finance Accounting | Management Accounts Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 48.6% Female, 51.4% |
| 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, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |