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Private sector executive vs chief finance officer

The differences between private sector executives 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 private sector executive and a chief finance officer. Additionally, a chief finance officer has an average salary of $143,947, which is higher than the $101,637 average annual salary of a private sector executive.

The top three skills for a private sector executive include financial statements, business plan and private sector development. The most important skills for a chief finance officer are payroll, CPA, and oversight.

Private sector executive vs chief finance officer overview

Private Sector ExecutiveChief Finance Officer
Yearly salary$101,637$143,947
Hourly rate$48.86$69.21
Growth rate6%6%
Number of jobs68,658145,184
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 72%
Average age5252
Years of experience--

Private sector executive vs chief finance officer salary

Private sector executives and chief finance officers have different pay scales, as shown below.

Private Sector ExecutiveChief Finance Officer
Average salary$101,637$143,947
Salary rangeBetween $50,000 And $204,000Between $80,000 And $257,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkCalifornia
Best paying companyWatson LaboratoriesBaker McKenzie
Best paying industry-Construction

Differences between private sector executive and chief finance officer education

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

Private Sector ExecutiveChief Finance Officer
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 72%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Private sector executive vs chief finance officer demographics

Here are the differences between private sector executives' and chief finance officers' demographics:

Private Sector ExecutiveChief Finance Officer
Average age5252
Gender ratioMale, 62.8% Female, 37.2%Male, 71.9% Female, 28.1%
Race ratioBlack or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% 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 Percentage12%12%

Differences between private sector executive and chief finance officer duties and responsibilities

Private sector executive example responsibilities.

  • Lead international donor efforts to promote investment and reform the regulatory environment for business registration, taxation, permitting and inspection.
  • Perform market research analysis/comparison/trends/consultation for current and prospective clients /weekly PowerPoint presentations Accomplishments/Rewards.
  • Act as a liaison between FEMA departments, delivering important information to ensure a common operating picture.
  • Spearhead company's rebranding initiative - as part of UK governmental utility privatization program.

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.
  • Show more

Private sector executive vs chief finance officer skills

Common private sector executive skills
  • Financial Statements, 41%
  • Business Plan, 26%
  • Private Sector Development, 22%
  • Business Development, 5%
  • Public Sector, 5%
Common chief finance officer skills
  • Payroll, 7%
  • CPA, 6%
  • Oversight, 5%
  • Financial Reports, 4%
  • Human Resources, 4%
  • Internal Controls, 4%

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