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The differences between senior budget analysts and 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 senior budget analyst and a finance analyst. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $69,249 average annual salary of a senior budget analyst.
The top three skills for a senior budget analyst include financial management, powerpoint and financial analysis. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Senior Budget Analyst | Finance Analyst | |
| Yearly salary | $69,249 | $69,887 |
| Hourly rate | $33.29 | $33.60 |
| Growth rate | 3% | 9% |
| Number of jobs | 43,424 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Average age | 47 | 40 |
| Years of experience | 4 | 4 |
A senior budget analyst analyzes the finances of their company. They monitor their company's financial data to gain new insights to make a profit. They create budgets for departments, increase the efficiency of company systems, and prepare reports and financial statements.
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.
Senior budget analysts and finance analysts have different pay scales, as shown below.
| Senior Budget Analyst | Finance Analyst | |
| Average salary | $69,249 | $69,887 |
| Salary range | Between $45,000 And $105,000 | Between $46,000 And $104,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Brookhaven National Laboratory | The Citadel |
| Best paying industry | Government | Finance |
There are a few differences between a senior budget analyst and a finance analyst in terms of educational background:
| Senior Budget Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior budget analysts' and finance analysts' demographics:
| Senior Budget Analyst | Finance Analyst | |
| Average age | 47 | 40 |
| Gender ratio | Male, 52.7% Female, 47.3% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 12.9% Unknown, 4.7% Hispanic or Latino, 15.3% Asian, 8.5% White, 57.5% American Indian and Alaska Native, 1.0% | 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 | 13% | 7% |