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The differences between reporting managers and finance planning 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 planning manager. Additionally, a finance planning manager has an average salary of $109,162, which is higher than the $106,336 average annual salary of a reporting manager.
The top three skills for a reporting manager include GAAP, internal controls and external auditors. The most important skills for a finance planning manager are financial analysis, financial planning analysis, and financial models.
| Reporting Manager | Finance Planning Manager | |
| Yearly salary | $106,336 | $109,162 |
| Hourly rate | $51.12 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 67,631 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| 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 planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Reporting managers and finance planning managers have different pay scales, as shown below.
| Reporting Manager | Finance Planning Manager | |
| Average salary | $106,336 | $109,162 |
| Salary range | Between $80,000 And $139,000 | Between $78,000 And $152,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | Washington | Delaware |
| Best paying company | Meta | Metropolitan Water District of Southern California |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a reporting manager and a finance planning manager in terms of educational background:
| Reporting Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between reporting managers' and finance planning managers' demographics:
| Reporting Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 59.6% Female, 40.4% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |