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Vice president, business operations vs finance vice president

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 vs finance vice president overview

Vice President, Business OperationsFinance Vice President
Yearly salary$159,311$147,603
Hourly rate$76.59$70.96
Growth rate6%17%
Number of jobs196,077111,219
Job satisfaction-5
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Average age4446
Years of experience68

What does a vice president, business operations do?

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.

What does a finance vice president do?

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 president, business operations vs finance vice president salary

Vice presidents, business operations and finance vice presidents have different pay scales, as shown below.

Vice President, Business OperationsFinance Vice President
Average salary$159,311$147,603
Salary rangeBetween $105,000 And $240,000Between $98,000 And $222,000
Highest paying CityDenver, COSan Francisco, CA
Highest paying stateColoradoAlaska
Best paying companyNVIDIABaltimore City Community College
Best paying industryManufacturingManufacturing

Differences between vice president, business operations and finance vice president education

There are a few differences between a vice president, business operations and a finance vice president in terms of educational background:

Vice President, Business OperationsFinance Vice President
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 75%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Vice president, business operations vs finance vice president demographics

Here are the differences between vice presidents, business operations' and finance vice presidents' demographics:

Vice President, Business OperationsFinance Vice President
Average age4446
Gender ratioMale, 73.4% Female, 26.6%Male, 73.7% Female, 26.3%
Race ratioBlack 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 Percentage10%11%

Differences between vice president, business operations and finance vice president duties and responsibilities

Vice president, business operations example responsibilities.

  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Create and prepare financial reports and reporting system including payroll.
  • Investigate and implement the company benefits package, payroll processor, and general operating procedures
  • Manage a portfolio of inpatient and outpatient products market to major academic medical centers, community hospitals and nursing homes.
  • Set up QuickBooks or other accounting software, enter and structure data; train personnel.
  • Set up tracking of inventory, orders, accounts receivable and payments through QuickBooks software.
  • Show more

Finance vice president example responsibilities.

  • Manage day-to-day operation of cash function, as part of earlier treasury department responsibilities, originally heading general accounting responsibilities.
  • Key functions manage included cash management, treasury operations, corporate finance, financial/commodity hedging, credit and international trade finance.
  • Lead implementation of new worldwide consolidation system, Hyperion, significantly reducing closing time and improving controls over the consolidation process.
  • Implement new policy and procedures for PFS department.
  • Spearhead department-wide conversion of the PFS office to a completely paperless system.
  • Lead in assessment and provide recommendations on government healthcare regulations and reimbursement implications.
  • Show more

Vice president, business operations vs finance vice president skills

Common vice president, business operations skills
  • Business Operations, 16%
  • Oversight, 7%
  • Project Management, 6%
  • Business Strategy, 6%
  • Financial Statements, 5%
  • Process Improvement, 4%
Common finance vice president skills
  • CPA, 6%
  • Financial Analysis, 5%
  • Oversight, 5%
  • Risk Management, 5%
  • Due Diligence, 3%
  • GAAP, 3%

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