Mayor vs chief finance officer

The differences between mayors 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 a mayor and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $41,317 average annual salary of a mayor.

The top three skills for a mayor include public safety, economic development and public speaking. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Mayor vs chief finance officer overview

	Mayor	Chief Finance Officer
Yearly salary	$41,317	$143,947
Hourly rate	$19.86	$69.21
Growth rate	6%	6%
Number of jobs	3,612	145,184
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 72%
Average age	52	52
Years of experience	-	-

Mayor vs chief finance officer salary

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

	Mayor	Chief Finance Officer
Average salary	$41,317	$143,947
Salary range	Between $26,000 And $64,000	Between $80,000 And $257,000
Highest paying City	-	Washington, DC
Highest paying state	-	California
Best paying company	-	Baker McKenzie
Best paying industry	-	Construction

Differences between mayor and chief finance officer education

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

	Mayor	Chief Finance Officer
Most common degree	Bachelor's Degree, 60%	Bachelor's Degree, 72%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Mayor vs chief finance officer demographics

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

	Mayor	Chief Finance Officer
Average age	52	52
Gender ratio	Male, 64.7% Female, 35.3%	Male, 71.9% Female, 28.1%
Race ratio	Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.7% White, 76.2% 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 Percentage	12%	12%

Differences between mayor and chief finance officer duties and responsibilities

Mayor example responsibilities.

Lead the facility in implementing person-centered care/hospitality philosophy, electronic medical records, maximization of Medicare reimbursement, and alternative therapies.
Support and oversee projectsincluding definition of scope of projects, milestones, and financial oversight.
Task with oversight of``career service"city management, long-term strategic planning and adherence to governmental regulation.
Gather payroll data from a variety of sources to assist in the verification of social security deductions from city employees.
Analyze, process, and test system changes providing tactical and strategic insight to enhance decision-making relate to the payroll interface.
Lead the facility in implementing person-centered care/hospitality philosophy, electronic medical records, maximization of Medicare reimbursement, and alternative therapies.

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.

Mayor vs chief finance officer skills

Common mayor skills

Public Safety, 14%
Economic Development, 12%
Public Speaking, 12%
Administrative Policies, 7%
Oversight, 6%
Telephone Calls, 4%

Common chief finance officer skills

Payroll, 7%
CPA, 6%
Oversight, 5%
Financial Reports, 4%
Human Resources, 4%
Internal Controls, 4%

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Mayor vs Chief Finance Officer

Updated January 8, 2025

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