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The differences between project 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 project finance analyst and a senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $77,005 average annual salary of a project finance analyst.
The top three skills for a project finance analyst include financial analysis, project management and financial data. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Project Finance Analyst | Senior Finance Analyst | |
| Yearly salary | $77,005 | $83,222 |
| Hourly rate | $37.02 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 106,230 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A project finance analyst is responsible for analyzing the financial needs and reports of an organization's project management system. Project finance analysts review project terms and expense forecasting and identify strategies to minimize financial loss. They also resolve account discrepancies and file accurate financial statements upon the assessment of project plans, resources, and timetables. A project finance analyst must have excellent communication and analytical skills to determine potential risks and enhance the company's portfolio for business proposals.
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.
Project finance analysts and senior finance analysts have different pay scales, as shown below.
| Project Finance Analyst | Senior Finance Analyst | |
| Average salary | $77,005 | $83,222 |
| Salary range | Between $54,000 And $108,000 | Between $62,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | ||
| Best paying industry | Manufacturing | Technology |
There are a few differences between a project finance analyst and a senior finance analyst in terms of educational background:
| Project Finance Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project finance analysts' and senior finance analysts' demographics:
| Project Finance Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 61.7% Female, 38.3% |
| Race ratio | 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% | 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 | 7% | 7% |