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The differences between lead finance analysts and finance managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a lead finance analyst, becoming a finance manager takes usually requires 6-8 years. Additionally, a finance manager has an average salary of $101,374, which is higher than the $85,672 average annual salary of a lead 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 manager are financial analysis, CPA, and customer service.
| Lead Finance Analyst | Finance Manager | |
| Yearly salary | $85,672 | $101,374 |
| Hourly rate | $41.19 | $48.74 |
| Growth rate | 9% | 17% |
| Number of jobs | 89,105 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Lead finance analysts and finance managers have different pay scales, as shown below.
| Lead Finance Analyst | Finance Manager | |
| Average salary | $85,672 | $101,374 |
| Salary range | Between $64,000 And $114,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Pacific Investment Management Company LLC | Barclays |
| Best paying industry | Telecommunication | Finance |
There are a few differences between a lead finance analyst and a finance manager in terms of educational background:
| Lead Finance Analyst | Finance Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead finance analysts' and finance managers' demographics:
| Lead Finance Analyst | Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 60.0% Female, 40.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |