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Manager, finance analysis vs senior finance analyst

The differences between managers, finance analysis and senior 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 senior 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 $83,222 average annual salary of a senior finance analyst.

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

Manager, finance analysis vs senior finance analyst overview

Manager, Finance AnalysisSenior Finance Analyst
Yearly salary$112,110$83,222
Hourly rate$53.90$40.01
Growth rate17%9%
Number of jobs110,310117,609
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 74%
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 senior finance analyst do?

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.

Manager, finance analysis vs senior finance analyst salary

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

Manager, Finance AnalysisSenior Finance Analyst
Average salary$112,110$83,222
Salary rangeBetween $83,000 And $150,000Between $62,000 And $110,000
Highest paying CitySeattle, WASan Francisco, CA
Highest paying stateWashingtonCalifornia
Best paying companySouthern California EdisonGoogle
Best paying industryFinanceTechnology

Differences between manager, finance analysis and senior finance analyst education

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

Manager, Finance AnalysisSenior Finance Analyst
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Manager, finance analysis vs senior finance analyst demographics

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

Manager, Finance AnalysisSenior Finance Analyst
Average age4640
Gender ratioMale, 73.5% Female, 26.5%Male, 61.7% Female, 38.3%
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 senior 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.
  • Show more

Senior finance analyst example responsibilities.

  • Used SharePoint repository to manage all project documents.
  • Manage deployment of SQL databases across multiple platforms within a secure environment focusing on security and data integrity.
  • Leverage and improve key performance indicators to drive portfolio management to core business team leads and executive sponsors.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Validate data in Hyperion EssBase for implementation.
  • Perform month end accounting close activities including preparation of accruals and monthly financial analysis reports for business unit management.
  • Show more

Manager, finance analysis vs senior 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 senior finance analyst skills
  • Financial Analysis, 12%
  • Hyperion, 5%
  • Financial Models, 5%
  • Strong Analytical, 4%
  • Variance Analysis, 4%
  • Ad-Hoc Analysis, 4%

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