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The differences between investment banking associates 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 an investment banking associate and a senior finance analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $83,222 average annual salary of a senior finance analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Investment Banking Associate | Senior Finance Analyst | |
| Yearly salary | $119,967 | $83,222 |
| Hourly rate | $57.68 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An investment banking associate is in charge of performing support tasks for clients, ensuring efficiency and client satisfaction. They are primarily responsible for identifying and meeting clients' needs, assisting them in reaching their financial goals. They typically determine investment opportunities for clients, putting financial histories and records into consideration. They must thoroughly discuss terms, helping clients gain a deep understanding of the subject while building positive relationships. Furthermore, an investment banking associate may perform clerical tasks such as processing documentation and payments, producing progress reports, and performing calls and correspondence.
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.
Investment banking associates and senior finance analysts have different pay scales, as shown below.
| Investment Banking Associate | Senior Finance Analyst | |
| Average salary | $119,967 | $83,222 |
| Salary range | Between $73,000 And $195,000 | Between $62,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Bloomberg | |
| Best paying industry | Finance | Technology |
There are a few differences between an investment banking associate and a senior finance analyst in terms of educational background:
| Investment Banking Associate | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking associates' and senior finance analysts' demographics:
| Investment Banking Associate | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | 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% |