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The differences between finance project managers and senior finance managers 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 project manager and a senior finance manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $105,050 average annual salary of a finance project manager.
The top three skills for a finance project manager include project management, financial analysis and process improvement. The most important skills for a senior finance manager are hyperion, financial performance, and financial analysis.
| Finance Project Manager | Senior Finance Manager | |
| Yearly salary | $105,050 | $133,358 |
| Hourly rate | $50.50 | $64.11 |
| Growth rate | 17% | 17% |
| Number of jobs | 253,611 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A finance project manager handles the financial analysis of a project management process, including budgeting from the clients' requirements until the forecasting on project revenues. Finance project managers analyze financial statements and account transactions of a company, identifying business opportunities to generate more resources to increase revenue and profits. They create financial reports, recommending cost-reduction techniques to minimize loss while increasing the efficiency of the staff performance, strategizing procedures to maximize productivity, especially on meeting deadlines with high-quality deliverables.
A senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Finance project managers and senior finance managers have different pay scales, as shown below.
| Finance Project Manager | Senior Finance Manager | |
| Average salary | $105,050 | $133,358 |
| Salary range | Between $73,000 And $150,000 | Between $95,000 And $185,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Roku |
| Best paying industry | Technology | Professional |
There are a few differences between a finance project manager and a senior finance manager in terms of educational background:
| Finance Project Manager | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance project managers' and senior finance managers' demographics:
| Finance Project Manager | Senior Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 70.3% Female, 29.7% |
| Race ratio | 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% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |