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The differences between sales 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 sales manager and a finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $73,952 average annual salary of a sales manager.
The top three skills for a sales manager include product knowledge, customer satisfaction and sales performance. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Sales Manager | Finance Manager | |
| Yearly salary | $73,952 | $101,374 |
| Hourly rate | $35.55 | $48.74 |
| Growth rate | 5% | 17% |
| Number of jobs | 119,066 | 125,345 |
| Job satisfaction | 5 | 5 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Sales managers are responsible for leading the organization's sales team. They oversee the progress and performance of the whole team, set area assignments to team members, and set weekly or monthly quotas. Sales managers oversee training team members during onboarding and providing further coaching to help them achieve their goals. They manage the challenges that team members may meet and help mitigate any problems that come along the way. Sales managers also set the strategic direction of the sales team and follow through by ensuring that the team's activities are in line with the goals.
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.
Sales managers and finance managers have different pay scales, as shown below.
| Sales Manager | Finance Manager | |
| Average salary | $73,952 | $101,374 |
| Salary range | Between $42,000 And $129,000 | Between $71,000 And $144,000 |
| Highest paying City | Jersey City, NJ | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Capgemini | Barclays |
| Best paying industry | - | Finance |
There are a few differences between a sales manager and a finance manager in terms of educational background:
| Sales Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between sales managers' and finance managers' demographics:
| Sales Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 68.7% Female, 31.3% | Male, 60.0% Female, 40.0% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% 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 | 7% | 11% |