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The differences between senior directors of finance and finance directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a senior director of finance and a finance director. Additionally, a senior director of finance has an average salary of $137,505, which is higher than the $118,518 average annual salary of a finance director.
The top three skills for a senior director of finance include SR, business development and financial management. The most important skills for a finance director are CPA, financial analysis, and payroll.
| Senior Director Of Finance | Finance Director | |
| Yearly salary | $137,505 | $118,518 |
| Hourly rate | $66.11 | $56.98 |
| Growth rate | 17% | 17% |
| Number of jobs | 98,470 | 90,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
A finance director's role is to oversee all financial activities and aspects of a company or organization. One of their duties is to gather necessary financial data and cultivate reports on essential matters such as revenue and budget, provide risk assessments and estimates, implement vital policies, and allocate funds within the company. Furthermore, a finance director must also devise strategies and recommend innovative methods for financial gains, while in adherence to the organization's policies and regulations.
Senior directors of finance and finance directors have different pay scales, as shown below.
| Senior Director Of Finance | Finance Director | |
| Average salary | $137,505 | $118,518 |
| Salary range | Between $88,000 And $212,000 | Between $76,000 And $183,000 |
| Highest paying City | Foster City, CA | Palo Alto, CA |
| Highest paying state | California | California |
| Best paying company | Mayo Clinic | Meta |
| Best paying industry | Pharmaceutical | Manufacturing |
There are a few differences between a senior director of finance and a finance director in terms of educational background:
| Senior Director Of Finance | Finance Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior directors of finance' and finance directors' demographics:
| Senior Director Of Finance | Finance Director | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.5% Female, 25.5% | Male, 65.1% Female, 34.9% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 9.4% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |