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The differences between senior vice presidents and finance vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a senior vice president, becoming a finance vice president takes usually requires 6-8 years. Additionally, a senior vice president has an average salary of $194,770, which is higher than the $147,603 average annual salary of a finance vice president.
The top three skills for a senior vice president include financial services, SVP and oversight. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Senior Vice President | Finance Vice President | |
| Yearly salary | $194,770 | $147,603 |
| Hourly rate | $93.64 | $70.96 |
| Growth rate | 6% | 17% |
| Number of jobs | 61,380 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.
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 vice presidents and finance vice presidents have different pay scales, as shown below.
| Senior Vice President | Finance Vice President | |
| Average salary | $194,770 | $147,603 |
| Salary range | Between $125,000 And $302,000 | Between $98,000 And $222,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | Brookfield Properties | Baltimore City Community College |
| Best paying industry | Media | Manufacturing |
There are a few differences between a senior vice president and a finance vice president in terms of educational background:
| Senior Vice President | Finance Vice President | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior vice presidents' and finance vice presidents' demographics:
| Senior Vice President | Finance Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 74.9% Female, 25.1% | Male, 73.7% Female, 26.3% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% | 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 | 12% | 11% |