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The differences between senior business finance analysts and lead 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 lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $98,262 average annual salary of a senior business finance analyst.
The top three skills for a senior business finance analyst include financial analysis, project management and hyperion. The most important skills for a lead business analyst are project management, scrum, and business analysis.
| Senior Business Finance Analyst | Lead Business Analyst | |
| Yearly salary | $98,262 | $107,171 |
| Hourly rate | $47.24 | $51.52 |
| Growth rate | 9% | 11% |
| Number of jobs | 156,768 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| 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.
A lead business analyst utilizes data and analytical skills to plan, develop, and implement business systems and operations to help a company attain its short and long-term goals. Their duties focus on conducting market research and assessments, gathering and analyzing data, studying consumers and competitors in the industry, and identifying the strengths and weaknesses in existing systems. They also conduct risk assessments, create business models and forecasts, and identify solutions against potential or existing issues. Additionally, through their research findings, they develop recommendations in adherence to company standards and regulations.
Senior business finance analysts and lead business analysts have different pay scales, as shown below.
| Senior Business Finance Analyst | Lead Business Analyst | |
| Average salary | $98,262 | $107,171 |
| Salary range | Between $72,000 And $133,000 | Between $82,000 And $139,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | Avid | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a senior business finance analyst and a lead business analyst in terms of educational background:
| Senior Business Finance Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior business finance analysts' and lead business analysts' demographics:
| Senior Business Finance Analyst | Lead Business Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 55.3% Female, 44.7% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |