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The differences between lead finance analysts and finance planning 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 planning manager takes usually requires 6-8 years. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Lead Finance Analyst | Finance Planning Manager | |
| Yearly salary | $85,672 | $109,162 |
| Hourly rate | $41.19 | $52.48 |
| Growth rate | 9% | 17% |
| Number of jobs | 89,105 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| 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 planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Lead finance analysts and finance planning managers have different pay scales, as shown below.
| Lead Finance Analyst | Finance Planning Manager | |
| Average salary | $85,672 | $109,162 |
| Salary range | Between $64,000 And $114,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Delaware |
| Best paying company | Pacific Investment Management Company LLC | Metropolitan Water District of Southern California |
| Best paying industry | Telecommunication | Manufacturing |
There are a few differences between a lead finance analyst and a finance planning manager in terms of educational background:
| Lead Finance Analyst | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead finance analysts' and finance planning managers' demographics:
| Lead Finance Analyst | Finance Planning Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |