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The differences between senior directors of finance and business directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a senior director of finance, becoming a business director takes usually requires 4-6 years. Additionally, a senior director of finance has an average salary of $137,505, which is higher than the $124,563 average annual salary of a business director.
The top three skills for a senior director of finance include SR, business development and financial management. The most important skills for a business director are project management, healthcare, and sigma.
| Senior Director Of Finance | Business Director | |
| Yearly salary | $137,505 | $124,563 |
| Hourly rate | $66.11 | $59.89 |
| Growth rate | 17% | 6% |
| Number of jobs | 98,470 | 137,880 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
The senior director of finance is responsible for the company's financial wellness. Finance directors are constituents of the senior executive team that incorporate operational and strategic roles, maintain accounting and financial control functions, and set up a financial strategy for the continued profitable growth of the business. Their responsibilities include supervising financial operations, managing and providing ongoing training to accounting personnel, and conducting the weekly and monthly financial evaluation. Also, the director will initiate budgets, allocate funds for capital projects, create annual financial plans and projections, as well as conduct an evaluation of financial risks and benefits on a business enterprise.
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
Senior directors of finance and business directors have different pay scales, as shown below.
| Senior Director Of Finance | Business Director | |
| Average salary | $137,505 | $124,563 |
| Salary range | Between $88,000 And $212,000 | Between $86,000 And $178,000 |
| Highest paying City | Foster City, CA | Providence, RI |
| Highest paying state | California | Rhode Island |
| Best paying company | Mayo Clinic | Ep Energy |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a senior director of finance and a business director in terms of educational background:
| Senior Director Of Finance | Business Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior directors of finance' and business directors' demographics:
| Senior Director Of Finance | Business Director | |
| Average age | 46 | 44 |
| Gender ratio | Male, 74.5% Female, 25.5% | Male, 63.3% Female, 36.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 68.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |