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The differences between senior directors of finance and senior 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 senior finance manager. Additionally, a senior director of finance has an average salary of $137,505, which is higher than the $133,358 average annual salary of a senior 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 senior finance manager are hyperion, financial performance, and financial analysis.
| Senior Director Of Finance | Senior Finance Manager | |
| Yearly salary | $137,505 | $133,358 |
| Hourly rate | $66.11 | $64.11 |
| Growth rate | 17% | 17% |
| Number of jobs | 98,470 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| 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 senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Senior directors of finance and senior finance managers have different pay scales, as shown below.
| Senior Director Of Finance | Senior Finance Manager | |
| Average salary | $137,505 | $133,358 |
| Salary range | Between $88,000 And $212,000 | Between $95,000 And $185,000 |
| Highest paying City | Foster City, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Mayo Clinic | Roku |
| Best paying industry | Pharmaceutical | Professional |
There are a few differences between a senior director of finance and a senior finance manager in terms of educational background:
| Senior Director Of Finance | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior directors of finance' and senior finance managers' demographics:
| Senior Director Of Finance | Senior Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 74.5% Female, 25.5% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |