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The differences between senior business finance analysts and senior business consultants 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 senior business consultant. Additionally, a senior business consultant has an average salary of $105,184, 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 senior business consultant are data analysis, healthcare, and project management.
| Senior Business Finance Analyst | Senior Business Consultant | |
| Yearly salary | $98,262 | $105,184 |
| Hourly rate | $47.24 | $50.57 |
| Growth rate | 9% | 11% |
| Number of jobs | 156,768 | 144,929 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| 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 senior business consultant specializes in performing research and analysis to optimize business processes. Their responsibilities revolve around coordinating with different departments to gather necessary data, devising strategies to reduce cost, assess risks, and identify the strength and weaknesses of operations to recommend solutions. They may also train and mentor junior consultants, produce progress reports and presentations, and assist clients through calls and correspondence. Furthermore, as a consultant, it is essential to adhere to the company's policies and regulations, including its vision and mission.
Senior business finance analysts and senior business consultants have different pay scales, as shown below.
| Senior Business Finance Analyst | Senior Business Consultant | |
| Average salary | $98,262 | $105,184 |
| Salary range | Between $72,000 And $133,000 | Between $81,000 And $136,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Avid | Anaplan |
| Best paying industry | Finance | Professional |
There are a few differences between a senior business finance analyst and a senior business consultant in terms of educational background:
| Senior Business Finance Analyst | Senior Business Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior business finance analysts' and senior business consultants' demographics:
| Senior Business Finance Analyst | Senior Business Consultant | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 69.2% Female, 30.8% |
| 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% |