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The differences between senior business finance analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior business finance analyst, becoming a contractor-business analyst takes usually requires 4-6 years. Additionally, a senior business finance analyst has an average salary of $98,262, which is higher than the $87,402 average annual salary of a contractor-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 contractor-business analyst are business process, project management, and data analysis.
| Senior Business Finance Analyst | Contractor-Business Analyst | |
| Yearly salary | $98,262 | $87,402 |
| Hourly rate | $47.24 | $42.02 |
| Growth rate | 9% | 9% |
| Number of jobs | 156,768 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Average age | 40 | 43 |
| Years of experience | 4 | 6 |
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.
A contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Senior business finance analysts and contractor-business analysts have different pay scales, as shown below.
| Senior Business Finance Analyst | Contractor-Business Analyst | |
| Average salary | $98,262 | $87,402 |
| Salary range | Between $72,000 And $133,000 | Between $62,000 And $122,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | California | - |
| Best paying company | Avid | - |
| Best paying industry | Finance | - |
There are a few differences between a senior business finance analyst and a contractor-business analyst in terms of educational background:
| Senior Business Finance Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between senior business finance analysts' and contractor-business analysts' demographics:
| Senior Business Finance Analyst | Contractor-Business Analyst | |
| Average age | 40 | 43 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 50.4% Female, 49.6% |
| 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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 8% |