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The differences between senior contract analysts and senior finance analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $60,645 average annual salary of a senior contract analyst.
The top three skills for a senior contract analyst include contract administration, SQL and analytical support. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Senior Contract Analyst | Senior Finance Analyst | |
| Yearly salary | $60,645 | $83,222 |
| Hourly rate | $29.16 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 52,254 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Average age | 44 | 40 |
| Years of experience | - | 4 |
A senior contract analyst is responsible for creating business agreements and contract negotiations, ensuring that the terms of service adhere to the business' requirements and interests. Senior contract analysts follow strict contractual regulations and legal policies to prevent contract disputes and discrepancies that may pose financial and reputational risks for the business. They should also be informed of the business services and client conditions to verify liabilities and obligations within the contract clauses. A senior contract analyst must have excellent communication and organizational skills, especially in writing expertise, to create and revise contract documents as needed.
A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.
Senior contract analysts and senior finance analysts have different pay scales, as shown below.
| Senior Contract Analyst | Senior Finance Analyst | |
| Average salary | $60,645 | $83,222 |
| Salary range | Between $44,000 And $82,000 | Between $62,000 And $110,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Colorado | California |
| Best paying company | AARP | |
| Best paying industry | Finance | Technology |
There are a few differences between a senior contract analyst and a senior finance analyst in terms of educational background:
| Senior Contract Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between senior contract analysts' and senior finance analysts' demographics:
| Senior Contract Analyst | Senior Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 40.4% Female, 59.6% | Male, 61.7% Female, 38.3% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | 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% |
| LGBT Percentage | 11% | 7% |