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The differences between lead finance analysts and 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 lead finance analyst and a finance analyst. Additionally, a lead finance analyst has an average salary of $85,672, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a lead finance analyst include financial analysis, hyperion and financial planning analysis. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Lead Finance Analyst | Finance Analyst | |
| Yearly salary | $85,672 | $69,887 |
| Hourly rate | $41.19 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 89,105 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A lead finance analyst is responsible for monitoring the company's financial conditions, analyzing account statements, and resolving payment discrepancies. Lead finance analysts create expense reports and budget forecasting, as well as identifying business opportunities that would minimize loss and generate revenues for the business. They also oversee financial and business transactions, perform bank reconciliations, and manage outstanding payments. A lead finance analyst must have excellent analytical and communication skills, especially in discussing financial results to the management and recommending strategic techniques for cost-reduction activities.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Lead finance analysts and finance analysts have different pay scales, as shown below.
| Lead Finance Analyst | Finance Analyst | |
| Average salary | $85,672 | $69,887 |
| Salary range | Between $64,000 And $114,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Connecticut |
| Best paying company | Pacific Investment Management Company LLC | The Citadel |
| Best paying industry | Telecommunication | Finance |
There are a few differences between a lead finance analyst and a finance analyst in terms of educational background:
| Lead Finance Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead finance analysts' and finance analysts' demographics:
| Lead Finance Analyst | Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 56.2% Female, 43.8% |
| 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% |