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The differences between finance officers and senior officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a finance officer and a senior officer. Additionally, a senior officer has an average salary of $72,721, which is higher than the $68,822 average annual salary of a finance officer.
The top three skills for a finance officer include real estate, financial data and origination. The most important skills for a senior officer are real estate, professional development, and SR.
| Finance Officer | Senior Officer | |
| Yearly salary | $68,822 | $72,721 |
| Hourly rate | $33.09 | $34.96 |
| Growth rate | 17% | 17% |
| Number of jobs | 140,730 | 84,196 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 57% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance officer is responsible for monitoring the financial department and the transactions of an organization. Finance officers analyze financial reports, update account statements, and oversee the budget allocation for business operations. They also resolve billing discrepancies and banking issues, assist in cash statement release, and manage payroll disputes. A finance officer conducts data and statistical analysis to evaluate the company's financial performance and stability and identifying opportunities to increase revenues and grow more profits.
The duties of a senior officer depend on their line of work or industry of employment. Typically, as a senior officer, it is their duty to supervise and coordinate staff, set goals and guidelines, manage budgets and schedules, gather and analyze data, and produce progress reports, presenting them to managers or executives. They may also address issues and concerns, resolving them promptly and efficiently. Furthermore, a senior officer must lead and encourage staff to reach goals while implementing the organization's policies and regulations.
Finance officers and senior officers have different pay scales, as shown below.
| Finance Officer | Senior Officer | |
| Average salary | $68,822 | $72,721 |
| Salary range | Between $42,000 And $110,000 | Between $39,000 And $134,000 |
| Highest paying City | Boston, MA | New York, NY |
| Highest paying state | Delaware | New York |
| Best paying company | Citi | U.S. Securities and Exchange Commission |
| Best paying industry | - | Finance |
There are a few differences between a finance officer and a senior officer in terms of educational background:
| Finance Officer | Senior Officer | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 57% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance officers' and senior officers' demographics:
| Finance Officer | Senior Officer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.7% Female, 47.3% | Male, 67.6% Female, 32.4% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |