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The differences between managers/finance accounting and senior finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a manager/finance accounting and a senior finance manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $91,315 average annual salary of a manager/finance accounting.
The top three skills for a manager/finance accounting include customer service, CPA and GAAP. The most important skills for a senior finance manager are hyperion, financial performance, and financial analysis.
| Manager/Finance Accounting | Senior Finance Manager | |
| Yearly salary | $91,315 | $133,358 |
| Hourly rate | $43.90 | $64.11 |
| Growth rate | 17% | 17% |
| Number of jobs | 132,824 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
A senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Managers/finance accounting and senior finance managers have different pay scales, as shown below.
| Manager/Finance Accounting | Senior Finance Manager | |
| Average salary | $91,315 | $133,358 |
| Salary range | Between $65,000 And $127,000 | Between $95,000 And $185,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Mayo Clinic | Roku |
| Best paying industry | Government | Professional |
There are a few differences between a manager/finance accounting and a senior finance manager in terms of educational background:
| Manager/Finance Accounting | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers/finance accounting' and senior finance managers' demographics:
| Manager/Finance Accounting | Senior Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.9% Female, 45.1% | Male, 70.3% Female, 29.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |