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The differences between revenue managers and finance managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a revenue manager, becoming a finance manager takes usually requires 6-8 years. Additionally, a finance manager has an average salary of $101,374, which is higher than the $86,270 average annual salary of a revenue manager.
The top three skills for a revenue manager include revenue cycle, reservations and customer service. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Revenue Manager | Finance Manager | |
| Yearly salary | $86,270 | $101,374 |
| Hourly rate | $41.48 | $48.74 |
| Growth rate | 10% | 17% |
| Number of jobs | 110,405 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A revenue manager is responsible for conducting price analysis and revenue strategies to support business development and improve marketing techniques. Revenue managers research on the current market trends, evaluate statistical data of resources, maintain reasonable rates, and match the competitiveness of other hotel industries. They also work closely with the marketing and public relations team on releasing press releases, managing media appearance, and publishing content on the digital platform. A revenue manager must have excellent communication and organizational skills, tracking business and financial transactions, and coordinating with potential clients for partnerships.
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.
Revenue managers and finance managers have different pay scales, as shown below.
| Revenue Manager | Finance Manager | |
| Average salary | $86,270 | $101,374 |
| Salary range | Between $59,000 And $124,000 | Between $71,000 And $144,000 |
| Highest paying City | Novato, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Meta | Barclays |
| Best paying industry | Technology | Finance |
There are a few differences between a revenue manager and a finance manager in terms of educational background:
| Revenue Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between revenue managers' and finance managers' demographics:
| Revenue Manager | Finance Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 41.6% Female, 58.4% | Male, 60.0% Female, 40.0% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | 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 | 10% | 11% |