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Program finance analyst vs senior finance analyst

The differences between program 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 program finance analyst and a senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $57,254 average annual salary of a program finance analyst.

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

Program finance analyst vs senior finance analyst overview

Program Finance AnalystSenior Finance Analyst
Yearly salary$57,254$83,222
Hourly rate$27.53$40.01
Growth rate9%9%
Number of jobs154,305117,609
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 74%
Average age4040
Years of experience44

What does a program finance analyst do?

A program finance analyst is an individual who supports the execution of program financial services to ensure effective and transparent utilization of financial resources. Program finance analysts must obtain and compile information regarding the credit history of loan applicants, corporate financial statements, and other financial information. They communicate with faculty members and business administrators about the company's financial status and provide recommendations for strategic planning. Program finance analysts must also monitor the financial performance of a project and provide analysis for project managers concerning burn rates and potential overruns.

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.

Program finance analyst vs senior finance analyst salary

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

Program Finance AnalystSenior Finance Analyst
Average salary$57,254$83,222
Salary rangeBetween $42,000 And $76,000Between $62,000 And $110,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyMicrosoftGoogle
Best paying industryTechnologyTechnology

Differences between program finance analyst and senior finance analyst education

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

Program Finance AnalystSenior Finance Analyst
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 74%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Program finance analyst vs senior finance analyst demographics

Here are the differences between program finance analysts' and senior finance analysts' demographics:

Program Finance AnalystSenior Finance Analyst
Average age4040
Gender ratioMale, 53.5% Female, 46.5%Male, 61.7% Female, 38.3%
Race ratioBlack 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 Percentage7%7%

Differences between program finance analyst and senior finance analyst duties and responsibilities

Program finance analyst example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Prepare monthly accounts payable accruals as well as researching and analyzing account variances.
  • Provide monthly and quarterly accruals of channel programs and MDF to revenue accounting team.
  • Ensure accurate forecasting in using Hyperion.
  • Perform monthly contract invoicing/billings, program account reconciliations, and sales forecasting.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • 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

Program finance analyst vs senior finance analyst skills

Common program finance analyst skills
  • Financial Analysis, 13%
  • Variance Analysis, 5%
  • Program Management, 5%
  • Financial Data, 4%
  • Earned Value Management, 3%
  • Strong Analytical, 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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