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The differences between economic 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 an economic analyst and a senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $72,501 average annual salary of an economic analyst.
The top three skills for an economic analyst include SQL, SAS and data analysis. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Economic Analyst | Senior Finance Analyst | |
| Yearly salary | $72,501 | $83,222 |
| Hourly rate | $34.86 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 81,768 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An economic analyst is in charge of observing and analyzing the economy's state to assist a company in its decision-making endeavors. Their responsibilities revolve around keeping track of different markets, learning the impact of politics and important events to the economy, gathering data from various departments, and creating business plans and forecasts based on the findings. Moreover, in a company setting, an economic analyst may produce progress reports and presentations, mentor younger analysts, and implement the company's policies and regulations.
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.
Economic analysts and senior finance analysts have different pay scales, as shown below.
| Economic Analyst | Senior Finance Analyst | |
| Average salary | $72,501 | $83,222 |
| Salary range | Between $49,000 And $107,000 | Between $62,000 And $110,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | The Citadel | |
| Best paying industry | Professional | Technology |
There are a few differences between an economic analyst and a senior finance analyst in terms of educational background:
| Economic Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Economics | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between economic analysts' and senior finance analysts' demographics:
| Economic Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 65.9% Female, 34.1% | 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% |