Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between finance associates and senior finance consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance associate and a senior finance consultant. Additionally, a senior finance consultant has an average salary of $97,689, which is higher than the $81,339 average annual salary of a finance associate.
The top three skills for a finance associate include financial statements, powerpoint and financial services. The most important skills for a senior finance consultant are financial analysis, project management, and financial services.
| Finance Associate | Senior Finance Consultant | |
| Yearly salary | $81,339 | $97,689 |
| Hourly rate | $39.11 | $46.97 |
| Growth rate | 10% | 9% |
| Number of jobs | 83,256 | 112,032 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Average age | 43 | 40 |
| Years of experience | 4 | 4 |
Finance associates perform various financial tasks for a company. These include managing accounting records, preparing payroll documents as well as financial and budget reports, and handling payments. Additionally, finance associates help with tax preparation, audits and reviews, and help with developing and implementing procedures, best practices, and policies for financial and accounting operations. The skills and qualifications for this role may include a bachelor's degree in finance or accounting, excellent communication skills, and attention to detail.
A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
Finance associates and senior finance consultants have different pay scales, as shown below.
| Finance Associate | Senior Finance Consultant | |
| Average salary | $81,339 | $97,689 |
| Salary range | Between $50,000 And $130,000 | Between $68,000 And $138,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Pillsbury Winthrop Shaw Pittman | Dell |
| Best paying industry | Professional | Technology |
There are a few differences between a finance associate and a senior finance consultant in terms of educational background:
| Finance Associate | Senior Finance Consultant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance associates' and senior finance consultants' demographics:
| Finance Associate | Senior Finance Consultant | |
| Average age | 43 | 40 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 68.2% Female, 31.8% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% | 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 | 6% | 7% |