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The differences between senior business finance analysts and senior business managers 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 senior business manager takes usually requires 4-6 years. Additionally, a senior business manager has an average salary of $134,737, 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 manager are analytics, project management, and portfolio.
| Senior Business Finance Analyst | Senior Business Manager | |
| Yearly salary | $98,262 | $134,737 |
| Hourly rate | $47.24 | $64.78 |
| Growth rate | 9% | 6% |
| Number of jobs | 156,768 | 303,902 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Average age | 40 | 44 |
| 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 senior business manager oversees the daily operations in a company, ensuring efficiency and smooth workflow. Typically, their responsibilities revolve around directing and assessing workforce performance, setting company objectives and goals, and coordinating with different departments to be aware of any issues or concerns. It is also essential to devise strategies to find new sales opportunities, perform research and analysis to identify client needs, and promptly resolve any problems that may arise. Furthermore, as a senior business manager, it is essential to lead and encourage the workforce, all while implementing the company's policies and regulations.
Senior business finance analysts and senior business managers have different pay scales, as shown below.
| Senior Business Finance Analyst | Senior Business Manager | |
| Average salary | $98,262 | $134,737 |
| Salary range | Between $72,000 And $133,000 | Between $96,000 And $187,000 |
| Highest paying City | San Francisco, CA | Hartford, CT |
| Highest paying state | California | Connecticut |
| Best paying company | Avid | Airbnb |
| Best paying industry | Finance | Professional |
There are a few differences between a senior business finance analyst and a senior business manager in terms of educational background:
| Senior Business Finance Analyst | Senior Business Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior business finance analysts' and senior business managers' demographics:
| Senior Business Finance Analyst | Senior Business Manager | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 64.4% Female, 35.6% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 10% |