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The differences between treasurers and finance controllers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a treasurer and a finance controller. Additionally, a finance controller has an average salary of $105,869, which is higher than the $80,467 average annual salary of a treasurer.
The top three skills for a treasurer include payroll, fraternity and bank accounts. The most important skills for a finance controller are CPA, payroll, and financial controller.
| Treasurer | Finance Controller | |
| Yearly salary | $80,467 | $105,869 |
| Hourly rate | $38.69 | $50.90 |
| Growth rate | 17% | 17% |
| Number of jobs | 18,358 | 97,342 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The treasurer's general duty is to oversee the financial reports and monitor the expenses of the organization. A treasurer is required to demonstrate strong analytical and critical-thinking skills for financial decision-making. The treasurer is also required to keep documentation and deliver regular financial reports to the management. Treasurers are also responsible to study the current status of the organization to be able to provide suggestions on effectively managing expenses. They also need to be familiarized with the regulatory policies and ensure that the use of funds is compliant with the law.
A financial controller is primarily in charge of the daily finance activities and accounting functions of a company. Their responsibilities typically revolve around preparing and organizing financial reports, analyzing data and looking out for any discrepancies or inconsistencies, and overseeing the company's overall revenues and expenditures. A financial controller must also maintain documentation, participate in risk assessment and budgeting activities, and develop strategies for profit growth. Furthermore, one must coordinate with other department staff to ensure accuracy, all while implementing the company's policies and regulations.
Treasurers and finance controllers have different pay scales, as shown below.
| Treasurer | Finance Controller | |
| Average salary | $80,467 | $105,869 |
| Salary range | Between $37,000 And $173,000 | Between $71,000 And $156,000 |
| Highest paying City | Cambridge, MA | Yonkers, NY |
| Highest paying state | Maine | New York |
| Best paying company | Partners Group LTD | Sage Memorial Hospital |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a treasurer and a finance controller in terms of educational background:
| Treasurer | Finance Controller | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between treasurers' and finance controllers' demographics:
| Treasurer | Finance Controller | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.0% Female, 52.0% | Male, 61.5% Female, 38.5% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |