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The differences between 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 vice president, becoming a finance vice president takes usually requires 6-8 years. Additionally, a vice president has an average salary of $158,637, which is higher than the $147,603 average annual salary of a finance vice president.
The top three skills for a vice president include healthcare, oversight and project management. The most important skills for a finance vice president are CPA, financial analysis, and oversight.
| Vice President | Finance Vice President | |
| Yearly salary | $158,637 | $147,603 |
| Hourly rate | $76.27 | $70.96 |
| Growth rate | 6% | 17% |
| Number of jobs | 119,530 | 111,219 |
| Job satisfaction | 4 | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
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 and finance vice presidents have different pay scales, as shown below.
| Vice President | Finance Vice President | |
| Average salary | $158,637 | $147,603 |
| Salary range | Between $107,000 And $235,000 | Between $98,000 And $222,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | Alaska |
| Best paying company | Brookfield Properties | Baltimore City Community College |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a vice president and a finance vice president in terms of educational background:
| Vice President | Finance Vice President | |
| Most common degree | Bachelor's Degree, 72% | 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' and finance vice presidents' demographics:
| Vice President | Finance Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 73.7% Female, 26.3% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% 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% |