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Senior budget analyst vs senior finance analyst

The differences between senior budget 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 senior budget analyst and a senior finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, 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 senior finance analyst are financial analysis, hyperion, and financial models.

Senior budget analyst vs senior finance analyst overview

Senior Budget AnalystSenior Finance Analyst
Yearly salary$69,249$83,222
Hourly rate$33.29$40.01
Growth rate3%9%
Number of jobs43,424117,609
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 74%
Average age4740
Years of experience44

What does a senior budget analyst do?

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.

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.

Senior budget analyst vs senior finance analyst salary

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

Senior Budget AnalystSenior Finance Analyst
Average salary$69,249$83,222
Salary rangeBetween $45,000 And $105,000Between $62,000 And $110,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyBrookhaven National LaboratoryGoogle
Best paying industryGovernmentTechnology

Differences between senior budget analyst and senior finance analyst education

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

Senior Budget AnalystSenior Finance Analyst
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 74%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Senior budget analyst vs senior finance analyst demographics

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

Senior Budget AnalystSenior Finance Analyst
Average age4740
Gender ratioMale, 52.7% Female, 47.3%Male, 61.7% Female, 38.3%
Race ratioBlack 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 Percentage13%7%

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

Senior budget analyst example responsibilities.

  • Manage regional incentive budgets including A/P, A/R, and document control for all on-site programs.
  • Manage and implement process improvement projects for payroll and other administrative services.
  • Prepare Medicaid and Medicare cost reports.
  • Upload DTS funds into GFEBS to ensure execution of allot funds.
  • Work extensively pushing and pulling funds in the GFEBS accounting systems.
  • Research, compile, and summarize data concerning propose POM budget submission to DoD.
  • 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

Senior budget analyst vs senior finance analyst skills

Common senior budget analyst skills
  • Financial Management, 8%
  • PowerPoint, 7%
  • Financial Analysis, 6%
  • Budget Analysis, 6%
  • Financial Data, 5%
  • Financial Systems, 4%
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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