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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 | Senior Finance Analyst | |
| Yearly salary | $112,110 | $83,222 |
| Hourly rate | $53.90 | $40.01 |
| Growth rate | 17% | 9% |
| Number of jobs | 110,310 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Average age | 46 | 40 |
| Years of experience | 8 | 4 |
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.
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.
Managers, finance analysis and senior finance analysts have different pay scales, as shown below.
| Manager, Finance Analysis | Senior Finance Analyst | |
| Average salary | $112,110 | $83,222 |
| Salary range | Between $83,000 And $150,000 | Between $62,000 And $110,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Southern California Edison | |
| Best paying industry | Finance | Technology |
There are a few differences between a manager, finance analysis and a senior finance analyst in terms of educational background:
| Manager, Finance Analysis | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managers, finance analysis' and senior finance analysts' demographics:
| Manager, Finance Analysis | Senior Finance Analyst | |
| Average age | 46 | 40 |
| Gender ratio | Male, 73.5% Female, 26.5% | Male, 61.7% Female, 38.3% |
| Race ratio | Black 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 Percentage | 11% | 7% |