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The differences between reporting managers and finance managers 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 manager. Additionally, a reporting manager has an average salary of $106,336, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a reporting manager include GAAP, internal controls and external auditors. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Reporting Manager | Finance Manager | |
| Yearly salary | $106,336 | $101,374 |
| Hourly rate | $51.12 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 67,631 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| 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 finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Reporting managers and finance managers have different pay scales, as shown below.
| Reporting Manager | Finance Manager | |
| Average salary | $106,336 | $101,374 |
| Salary range | Between $80,000 And $139,000 | Between $71,000 And $144,000 |
| Highest paying City | Richmond, CA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Meta | Barclays |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a reporting manager and a finance manager in terms of educational background:
| Reporting Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between reporting managers' and finance managers' demographics:
| Reporting Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.6% Female, 40.4% | Male, 60.0% Female, 40.0% |
| 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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |