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Finance planning analyst vs senior finance analyst

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 vs senior finance analyst overview

Finance Planning AnalystSenior Finance Analyst
Yearly salary$77,027$83,222
Hourly rate$37.03$40.01
Growth rate9%9%
Number of jobs103,172117,609
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 74%
Average age4040
Years of experience44

What does a finance planning analyst do?

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.

What does a senior finance analyst do?

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 analyst vs senior finance analyst salary

Finance planning analysts and senior finance analysts have different pay scales, as shown below.

Finance Planning AnalystSenior Finance Analyst
Average salary$77,027$83,222
Salary rangeBetween $56,000 And $105,000Between $62,000 And $110,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyGoogleGoogle
Best paying industryFinanceTechnology

Differences between finance planning analyst and senior finance analyst education

There are a few differences between a finance planning analyst and a senior finance analyst in terms of educational background:

Finance Planning AnalystSenior Finance Analyst
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 74%
Most common majorFinanceAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance planning analyst vs senior finance analyst demographics

Here are the differences between finance planning analysts' and senior finance analysts' demographics:

Finance Planning AnalystSenior Finance Analyst
Average age4040
Gender ratioMale, 61.7% Female, 38.3%Male, 61.7% Female, 38.3%
Race ratioBlack 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 Percentage7%7%

Differences between finance planning analyst and senior finance analyst duties and responsibilities

Finance planning analyst example responsibilities.

  • Lead an initiative to improve high and low level user communication regarding company forecasting and reporting software, IBM Cognos TM1.
  • Manage complex securities and investment portfolio reporting.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Facilitate month-end close process by delegating the preparation of journal entries and reconciliations.
  • Used SQL and QMF query languages to audit data.
  • Work with the accounting department to ensure proper GAAP compliance and reporting methods.
  • Show more

Senior finance analyst example responsibilities.

  • Used SharePoint repository to manage all project documents.
  • Manage deployment of SQL databases across multiple platforms within a secure environment focusing on security and data integrity.
  • Leverage and improve key performance indicators to drive portfolio management to core business team leads and executive sponsors.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Validate data in Hyperion EssBase for implementation.
  • Perform month end accounting close activities including preparation of accruals and monthly financial analysis reports for business unit management.
  • Show more

Finance planning analyst vs senior finance analyst skills

Common finance planning analyst skills
  • Financial Analysis, 9%
  • PowerPoint, 8%
  • Financial Planning Analysis, 7%
  • Financial Performance, 6%
  • Financial Models, 6%
  • Hyperion, 5%
Common senior finance analyst skills
  • Financial Analysis, 12%
  • Hyperion, 5%
  • Financial Models, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Ad-Hoc Analysis, 4%

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