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The differences between bank analysts and senior finance analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bank analyst and a senior finance analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $83,222 average annual salary of a senior finance analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Bank Analyst | Senior Finance Analyst | |
| Yearly salary | $85,532 | $83,222 |
| Hourly rate | $41.12 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,983 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
Banking analysts are employees with a strong background in finance or economics. They are usually employed by companies that invest in other businesses, stocks, public offerings, or those looking to merge with other companies. They analyze the company's move and recommend the proper courses of action to ensure its success. They are expected to be updated with the current economic trends and industry changes. This will help them create sound recommendations for the company. Banking analysts should know how to mitigate risks and carve the best possible path for their company.
A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.
Bank analysts and senior finance analysts have different pay scales, as shown below.
| Bank Analyst | Senior Finance Analyst | |
| Average salary | $85,532 | $83,222 |
| Salary range | Between $64,000 And $114,000 | Between $62,000 And $110,000 |
| Highest paying City | Philadelphia, PA | San Francisco, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | BGC Partners | |
| Best paying industry | Finance | Technology |
There are a few differences between a bank analyst and a senior finance analyst in terms of educational background:
| Bank Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank analysts' and senior finance analysts' demographics:
| Bank Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 61.7% Female, 38.3% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |