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The differences between senior directors of finance 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 senior director of finance and a finance manager. Additionally, a senior director of finance has an average salary of $137,505, which is higher than the $101,374 average annual salary of a finance manager.
The top three skills for a senior director of finance include SR, business development and financial management. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Senior Director Of Finance | Finance Manager | |
| Yearly salary | $137,505 | $101,374 |
| Hourly rate | $66.11 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 98,470 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| 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 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.
Senior directors of finance and finance managers have different pay scales, as shown below.
| Senior Director Of Finance | Finance Manager | |
| Average salary | $137,505 | $101,374 |
| Salary range | Between $88,000 And $212,000 | Between $71,000 And $144,000 |
| Highest paying City | Foster City, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Mayo Clinic | Barclays |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a senior director of finance and a finance manager in terms of educational background:
| Senior Director Of Finance | Finance Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior directors of finance' and finance managers' demographics:
| Senior Director Of Finance | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.5% Female, 25.5% | Male, 60.0% Female, 40.0% |
| 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, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |