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The differences between lead finance analysts 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 a lead finance analyst and a senior finance analyst. Additionally, a lead finance analyst has an average salary of $85,672, which is higher than the $83,222 average annual salary of a senior 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 senior finance analyst are financial analysis, hyperion, and financial models.
| Lead Finance Analyst | Senior Finance Analyst | |
| Yearly salary | $85,672 | $83,222 |
| Hourly rate | $41.19 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 89,105 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| 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 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.
Lead finance analysts and senior finance analysts have different pay scales, as shown below.
| Lead Finance Analyst | Senior Finance Analyst | |
| Average salary | $85,672 | $83,222 |
| Salary range | Between $64,000 And $114,000 | Between $62,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Pacific Investment Management Company LLC | |
| Best paying industry | Telecommunication | Technology |
There are a few differences between a lead finance analyst and a senior finance analyst in terms of educational background:
| Lead Finance Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between lead finance analysts' and senior finance analysts' demographics:
| Lead Finance Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 57.0% Female, 43.0% | 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% |