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Manager, finance analysis vs finance analyst

The differences between managers, finance analysis and finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a manager, finance analysis, becoming a finance analyst takes usually requires 2-4 years. Additionally, a manager, finance analysis has an average salary of $112,110, which is higher than the $69,887 average annual salary of a finance analyst.

The top three skills for a manager, finance analysis include financial analysis, hyperion and portfolio. The most important skills for a finance analyst are financial analysis, financial models, and financial data.

Manager, finance analysis vs finance analyst overview

Manager, Finance AnalysisFinance Analyst
Yearly salary$112,110$69,887
Hourly rate$53.90$33.60
Growth rate17%9%
Number of jobs110,310138,600
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 76%
Average age4640
Years of experience84

What does a manager, finance analysis do?

A financial analysis manager, mainly responsible for managing all financial-related activities for their organization, collects data related to financial performance and consolidates it into company reports. Typically, they manage the preparation and calculation of monthly, quarterly, and annual budgets. They interpret raw financial data with the help of the financial analyst leading the organization to reach financial decisions. They also analyze company allocated budgets for inconsistencies and accounting discrepancies. They also create financial models to accurately analyze possible business changes.

What does a finance analyst do?

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.

Manager, finance analysis vs finance analyst salary

Managers, finance analysis and finance analysts have different pay scales, as shown below.

Manager, Finance AnalysisFinance Analyst
Average salary$112,110$69,887
Salary rangeBetween $83,000 And $150,000Between $46,000 And $104,000
Highest paying CitySeattle, WASan Francisco, CA
Highest paying stateWashingtonConnecticut
Best paying companySouthern California EdisonThe Citadel
Best paying industryFinanceFinance

Differences between manager, finance analysis and finance analyst education

There are a few differences between a manager, finance analysis and a finance analyst in terms of educational background:

Manager, Finance AnalysisFinance Analyst
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 76%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager, finance analysis vs finance analyst demographics

Here are the differences between managers, finance analysis' and finance analysts' demographics:

Manager, Finance AnalysisFinance Analyst
Average age4640
Gender ratioMale, 73.5% Female, 26.5%Male, 56.2% Female, 43.8%
Race ratioBlack or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.2% White, 63.4% American Indian and Alaska Native, 0.3%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 Percentage11%7%

Differences between manager, finance analysis and finance analyst duties and responsibilities

Manager, finance analysis example responsibilities.

  • Manage all treasury and cash management functions and report directly to the CFO.
  • Propose and manage the re-engineering of the ERP system to provide the necessary level of detail for global reporting.
  • Manage WLD department roll-up structure utilizing Hyperion.
  • Manage monthly closing process, including reconciliations and analysis of relate accounts.
  • Manage multiple subsidiary budgets, operation forecasting and ROI analysis on capital expenditure projects in the pipeline division.
  • Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
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Finance analyst example responsibilities.

  • Manage company asset accounts, wire funds to clients and record and structure amounts into QuickBooks.
  • Manage the UAT team involve in the testing of an enterprise accounting and project management software.
  • Manage customer portfolio to department KPI's, target balance, aging metrics, cash recovery and write-off tolerance.
  • Manage contract database and SalesForce for historical research and financial reporting purposes.
  • Manage and maintain information in worldwide-military database which include exemptions, transfers, retirements, and payroll records.
  • Accomplish project accounting functions including project costing, time reporting, project accruals and proper capitalization of development costs.
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Manager, finance analysis vs finance analyst skills

Common manager, finance analysis skills
  • Financial Analysis, 19%
  • Hyperion, 5%
  • Portfolio, 4%
  • Financial Models, 4%
  • Financial Data, 3%
  • Product Line, 3%
Common finance analyst skills
  • Financial Analysis, 9%
  • Financial Models, 5%
  • Financial Data, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Hyperion, 3%

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