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The differences between regional finance managers and finance vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a regional finance manager and a finance vice president. Additionally, a finance vice president has an average salary of $147,603, which is higher than the $108,910 average annual salary of a regional finance manager.
The top three skills for a regional finance manager include financial analysis, hyperion and close process. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Regional Finance Manager | Finance Vice President | |
| Yearly salary | $108,910 | $147,603 |
| Hourly rate | $52.36 | $70.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 131,784 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A regional finance manager oversees the financial activities of a company's branches within a region. Among their responsibilities include coordinating with different departments, liaising with internal and external parties, gathering and analyzing financial data, producing financial statements and forecasts, and presenting reports to the executives. They must also perform audits and assessments, review financial contracts and transactions, and develop tools and systems to optimize operations. Moreover, as a regional finance manager, it is essential to lead and encourage the workforce to reach goals while implementing the company's policies and regulations.
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.
Regional finance managers and finance vice presidents have different pay scales, as shown below.
| Regional Finance Manager | Finance Vice President | |
| Average salary | $108,910 | $147,603 |
| Salary range | Between $68,000 And $174,000 | Between $98,000 And $222,000 |
| Highest paying City | Reno, NV | San Francisco, CA |
| Highest paying state | Alaska | Alaska |
| Best paying company | Clean Harbors | Baltimore City Community College |
| Best paying industry | Construction | Manufacturing |
There are a few differences between a regional finance manager and a finance vice president in terms of educational background:
| Regional Finance Manager | Finance Vice President | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between regional finance managers' and finance vice presidents' demographics:
| Regional Finance Manager | Finance Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 73.7% Female, 26.3% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.8% White, 63.8% American Indian and Alaska Native, 0.3% | 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 Percentage | 11% | 11% |