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The differences between finance planning analysts and finance planning managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a finance planning analyst, becoming a finance planning manager takes usually requires 6-8 years. Additionally, a finance planning manager has an average salary of $109,162, which is higher than the $77,027 average annual salary of a finance planning analyst.
The top three skills for a finance planning analyst include financial analysis, powerpoint and financial planning analysis. The most important skills for a finance planning manager are financial analysis, financial planning analysis, and financial models.
| Finance Planning Analyst | Finance Planning Manager | |
| Yearly salary | $77,027 | $109,162 |
| Hourly rate | $37.03 | $52.48 |
| Growth rate | 9% | 17% |
| Number of jobs | 103,172 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
Financial planning analysts are professionals in charge of the company's budgeting, forecasting, and analysis. The role of the analysts is crucial to the major decisions of corporations. They employ quantitative techniques and formulas to make things happen the easy way. They offer financial consulting and strategic support to the enterprise's senior management. Also, it is their job to monitor relevant laws, economic trends, and other factors affecting the financial state of the company.
A finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Finance planning analysts and finance planning managers have different pay scales, as shown below.
| Finance Planning Analyst | Finance Planning Manager | |
| Average salary | $77,027 | $109,162 |
| Salary range | Between $56,000 And $105,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Delaware |
| Best paying company | Metropolitan Water District of Southern California | |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a finance planning analyst and a finance planning manager in terms of educational background:
| Finance Planning Analyst | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance planning analysts' and finance planning managers' demographics:
| Finance Planning Analyst | Finance Planning Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 69.8% Female, 30.2% |
| 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, 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 | 7% | 11% |