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The differences between senior business finance analysts and business 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 business finance analyst and a business analyst. Additionally, a senior business finance analyst has an average salary of $98,262, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a senior business finance analyst include financial analysis, project management and hyperion. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Senior Business Finance Analyst | Business Analyst | |
| Yearly salary | $98,262 | $74,431 |
| Hourly rate | $47.24 | $35.78 |
| Growth rate | 9% | 9% |
| Number of jobs | 156,768 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A senior business finance analyst is responsible for monitoring the business and financial transactions of a company, ensuring that the operational processes and functions meet the regulatory requirements and standard procedures. Senior business finance analysts analyze the company's financial performance by conducting data and statistical analysis to strategize in minimizing loss and increasing the business' efficiency and productivity. They also identify business opportunities that would generate more revenue resources by following corporate trends to provide clients' needs and public demands.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Senior business finance analysts and business analysts have different pay scales, as shown below.
| Senior Business Finance Analyst | Business Analyst | |
| Average salary | $98,262 | $74,431 |
| Salary range | Between $72,000 And $133,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | California | Washington |
| Best paying company | Avid | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a senior business finance analyst and a business analyst in terms of educational background:
| Senior Business Finance Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior business finance analysts' and business analysts' demographics:
| Senior Business Finance Analyst | Business Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 53.9% Female, 46.1% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 11% |