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The differences between finance planning 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 finance planning analyst and a senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, 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 senior finance analyst are financial analysis, hyperion, and financial models.
| Finance Planning Analyst | Senior Finance Analyst | |
| Yearly salary | $77,027 | $83,222 |
| Hourly rate | $37.03 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 103,172 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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 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.
Finance planning analysts and senior finance analysts have different pay scales, as shown below.
| Finance Planning Analyst | Senior Finance Analyst | |
| Average salary | $77,027 | $83,222 |
| Salary range | Between $56,000 And $105,000 | Between $62,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | ||
| Best paying industry | Finance | Technology |
There are a few differences between a finance planning analyst and a senior finance analyst in terms of educational background:
| Finance Planning Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 74% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance planning analysts' and senior finance analysts' demographics:
| Finance Planning Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 61.7% Female, 38.3% | 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% |