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The differences between reporting managers and finance controllers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a reporting manager and a finance controller. Additionally, a reporting manager has an average salary of $106,336, which is higher than the $105,869 average annual salary of a finance controller.
The top three skills for a reporting manager include GAAP, internal controls and external auditors. The most important skills for a finance controller are CPA, payroll, and financial controller.
| Reporting Manager | Finance Controller | |
| Yearly salary | $106,336 | $105,869 |
| Hourly rate | $51.12 | $50.90 |
| Growth rate | 17% | 17% |
| Number of jobs | 67,631 | 97,342 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
A financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.
Reporting managers and finance controllers have different pay scales, as shown below.
| Reporting Manager | Finance Controller | |
| Average salary | $106,336 | $105,869 |
| Salary range | Between $80,000 And $139,000 | Between $71,000 And $156,000 |
| Highest paying City | Richmond, CA | Yonkers, NY |
| Highest paying state | Washington | New York |
| Best paying company | Meta | Sage Memorial Hospital |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a reporting manager and a finance controller in terms of educational background:
| Reporting Manager | Finance Controller | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between reporting managers' and finance controllers' demographics:
| Reporting Manager | Finance Controller | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.6% Female, 40.4% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |