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Projects controller vs finance vice president

The differences between projects controllers and finance vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a projects controller, becoming a finance vice president takes usually requires 6-8 years. Additionally, a finance vice president has an average salary of $147,603, which is higher than the $79,451 average annual salary of a projects controller.

The top three skills for a projects controller include project management, financial analysis and project controller. The most important skills for a finance vice president are CPA, financial analysis, and oversight.

Projects controller vs finance vice president overview

Projects ControllerFinance Vice President
Yearly salary$79,451$147,603
Hourly rate$38.20$70.96
Growth rate6%17%
Number of jobs16,334111,219
Job satisfaction-5
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Average age4446
Years of experience48

What does a projects controller do?

A project controller is responsible for evaluating the effectiveness of project management procedures, ensuring that the team adheres to the clients' specifications and requirements, and keeping all project resources and deliverables within the budget goals and set timeframe. Project controllers determine the progress of the project and coordinate the updates to the client, adjusting the project approach as needed to achieve high-quality standards and objectives. They also maintain an organized report of expenditures, as well as generating process reports to identify potential process improvement techniques that will maximize operational efficiency.

What does a finance vice president do?

The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.

Projects controller vs finance vice president salary

Projects controllers and finance vice presidents have different pay scales, as shown below.

Projects ControllerFinance Vice President
Average salary$79,451$147,603
Salary rangeBetween $53,000 And $118,000Between $98,000 And $222,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew JerseyAlaska
Best paying companyCalifornia ResourcesBaltimore City Community College
Best paying industryFinanceManufacturing

Differences between projects controller and finance vice president education

There are a few differences between a projects controller and a finance vice president in terms of educational background:

Projects ControllerFinance Vice President
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Projects controller vs finance vice president demographics

Here are the differences between projects controllers' and finance vice presidents' demographics:

Projects ControllerFinance Vice President
Average age4446
Gender ratioMale, 55.9% Female, 44.1%Male, 73.7% Female, 26.3%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 13.9% White, 62.3% American Indian and Alaska Native, 0.5%Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3%
LGBT Percentage7%11%

Differences between projects controller and finance vice president duties and responsibilities

Projects controller example responsibilities.

  • Develop GAAP compliant reporting and manage software implementations.
  • Manage treasury, open several new accounts, establish new procedures and controls, monitor daily activity.
  • Prepare accruals and revenue recognition calculations.
  • Work with foremen and supervisors to ensure proper WBS elements are charged.
  • Set up and management of charge numbers according to an establish WBS and distribution of project authorizations to team members.
  • Process journal entries and accruals monthly to account for all orders, revenue, and cost in the appropriate period.
  • Show more

Finance vice president example responsibilities.

  • Manage day-to-day operation of cash function, as part of earlier treasury department responsibilities, originally heading general accounting responsibilities.
  • Key functions manage included cash management, treasury operations, corporate finance, financial/commodity hedging, credit and international trade finance.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Implement new policy and procedures for PFS department.
  • Spearhead department-wide conversion of the PFS office to a completely paperless system.
  • Lead in assessment and provide recommendations on government healthcare regulations and reimbursement implications.
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Projects controller vs finance vice president skills

Common projects controller skills
  • Project Management, 11%
  • Financial Analysis, 7%
  • Project Controller, 5%
  • Earned Value Management, 3%
  • Project Cost, 3%
  • Work Breakdown Structure, 3%
Common finance vice president skills
  • CPA, 6%
  • Financial Analysis, 5%
  • Oversight, 5%
  • Risk Management, 5%
  • Due Diligence, 3%
  • GAAP, 3%

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