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The differences between senior directors of finance and finance vice presidents 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 vice president. Additionally, a finance vice president has an average salary of $147,603, which is higher than the $137,505 average annual salary of a senior director of finance.
The top three skills for a senior director of finance include SR, business development and financial management. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Senior Director Of Finance | Finance Vice President | |
| Yearly salary | $137,505 | $147,603 |
| Hourly rate | $66.11 | $70.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 98,470 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| 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.
The vice president of finance is one of the highest-ranking executives in a company. He/She or she works under the chief financial officer, and both have similar duties that are often interchangeable. This executive's primary function is to oversee the company's financial records and project future financial plans and investments. The finance vice president ensures that the company's finances are managed suitably and effectively. This role's responsibilities include leading the team towards achieving the company's financial mission, monitoring the financial performance, preparing and presenting financial reports, and conducting audits on financial expenditures, assets, and liabilities.
Senior directors of finance and finance vice presidents have different pay scales, as shown below.
| Senior Director Of Finance | Finance Vice President | |
| Average salary | $137,505 | $147,603 |
| Salary range | Between $88,000 And $212,000 | Between $98,000 And $222,000 |
| Highest paying City | Foster City, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Mayo Clinic | Baltimore City Community College |
| Best paying industry | Pharmaceutical | Manufacturing |
There are a few differences between a senior director of finance and a finance vice president in terms of educational background:
| Senior Director Of Finance | Finance Vice President | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| 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 vice presidents' demographics:
| Senior Director Of Finance | Finance Vice President | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.5% Female, 25.5% | Male, 73.7% Female, 26.3% |
| 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, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |