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The differences between vice presidents, business operations and finance vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a vice president, business operations, becoming a finance vice president takes usually requires 6-8 years. Additionally, a vice president, business operations has an average salary of $159,311, which is higher than the $147,603 average annual salary of a finance vice president.
The top three skills for a vice president, business operations include business operations, oversight and project management. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Vice President, Business Operations | Finance Vice President | |
| Yearly salary | $159,311 | $147,603 |
| Hourly rate | $76.59 | $70.96 |
| Growth rate | 6% | 17% |
| Number of jobs | 196,077 | 111,219 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 44 | 46 |
| Years of experience | 6 | 8 |
The vice president of business operations will be responsible for directing, planning, coordinating, and overseeing the day-to-day operations of an organization. In this role, you will perform various duties and responsibilities that include recruiting, interviewing, and training management-level staff, overseeing the department's daily workflow, and collaborating with the leadership to develop and meet company goals and objectives. Additionally, you will be responsible for establishing and administering the department's budget. You will also be responsible for identifying training needs and keeping abreast of the latest trends in operations management.
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.
Vice presidents, business operations and finance vice presidents have different pay scales, as shown below.
| Vice President, Business Operations | Finance Vice President | |
| Average salary | $159,311 | $147,603 |
| Salary range | Between $105,000 And $240,000 | Between $98,000 And $222,000 |
| Highest paying City | Denver, CO | San Francisco, CA |
| Highest paying state | Colorado | Alaska |
| Best paying company | NVIDIA | Baltimore City Community College |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a vice president, business operations and a finance vice president in terms of educational background:
| Vice President, Business Operations | 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 vice presidents, business operations' and finance vice presidents' demographics:
| Vice President, Business Operations | Finance Vice President | |
| Average age | 44 | 46 |
| Gender ratio | Male, 73.4% Female, 26.6% | Male, 73.7% Female, 26.3% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% | 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 | 10% | 11% |