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The differences between owner and chief executive officers 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 an owner and chief executive officer and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $91,613 average annual salary of an owner and chief executive officer.
The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for a chief finance officer are payroll, CPA, and oversight.
| Owner And Chief Executive Officer | Chief Finance Officer | |
| Yearly salary | $91,613 | $143,947 |
| Hourly rate | $44.04 | $69.21 |
| Growth rate | 6% | 6% |
| Number of jobs | 198,481 | 145,184 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A business owner can function as the chief executive officer (CEO) of his/her /her own company. Primarily, business owners derive their income or profit from business operations regardless of whether they are participating in its management. A CEO can be a paid executive whose primary job is to guide a company's day-to-day business activities. Owners are responsible for overseeing their company's ongoing evolution while a CEO's primary role is to control these activities. The CEO also develops strategies and tactics and communicates the company's direction to both employees and managers.
A chief financial officer is responsible for managing and reviewing the financial status of a company. Chief financial officers' duties include ensuring the accuracy of financial reports, monitoring the company's expenses and budget goals, providing recommendations to prevent financial loss and increase revenues, processing the company's tax obligations, and resolving financial disputes. A chief financial officer must have an impeccable knowledge of the financial industry, updated with the current market trend, and strong leadership and decision-making skills to support the organization's financial department.
Owner and chief executive officers and chief finance officers have different pay scales, as shown below.
| Owner And Chief Executive Officer | Chief Finance Officer | |
| Average salary | $91,613 | $143,947 |
| Salary range | Between $65,000 And $127,000 | Between $80,000 And $257,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | California |
| Best paying company | - | Baker McKenzie |
| Best paying industry | - | Construction |
There are a few differences between an owner and chief executive officer and a chief finance officer in terms of educational background:
| Owner And Chief Executive Officer | Chief Finance Officer | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 72% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner and chief executive officers' and chief finance officers' demographics:
| Owner And Chief Executive Officer | Chief Finance Officer | |
| Average age | 52 | 52 |
| Gender ratio | Male, 68.8% Female, 31.2% | Male, 71.9% Female, 28.1% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.8% 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% |