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The differences between senior business finance analysts and senior finance 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 finance manager takes usually requires 6-8 years. Additionally, a senior finance manager has an average salary of $133,358, 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 finance manager are hyperion, financial performance, and financial analysis.
| Senior Business Finance Analyst | Senior Finance Manager | |
| Yearly salary | $98,262 | $133,358 |
| Hourly rate | $47.24 | $64.11 |
| Growth rate | 9% | 17% |
| Number of jobs | 156,768 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Senior business finance analysts and senior finance managers have different pay scales, as shown below.
| Senior Business Finance Analyst | Senior Finance Manager | |
| Average salary | $98,262 | $133,358 |
| Salary range | Between $72,000 And $133,000 | Between $95,000 And $185,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Avid | Roku |
| Best paying industry | Finance | Professional |
There are a few differences between a senior business finance analyst and a senior finance manager in terms of educational background:
| Senior Business Finance Analyst | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior business finance analysts' and senior finance managers' demographics:
| Senior Business Finance Analyst | Senior Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |