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The differences between senior cost analysts and finances analyst-operations finances 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 cost analyst and a finance analyst-operations finance. Additionally, a senior cost analyst has an average salary of $77,845, which is higher than the $67,736 average annual salary of a finance analyst-operations finance.
The top three skills for a senior cost analyst include financial analysis, cost analysis and cost estimates. The most important skills for a finance analyst-operations finance are financial analysis, financial operations, and data analysis.
| Senior Cost Analyst | Finance Analyst-Operations Finance | |
| Yearly salary | $77,845 | $67,736 |
| Hourly rate | $37.43 | $32.57 |
| Growth rate | 3% | 9% |
| Number of jobs | 53,872 | 144,067 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 76% |
| Average age | 47 | 40 |
| Years of experience | 4 | 4 |
Senior cost analysts are lead professionals who collaborate with a variety of departments to gather financial data and perform analysis to uncover inefficiencies. These analysts are required to develop accurate cost estimates that are used in producing pricing quotations on products and programs. They must utilize the enterprise resource planning (ERP) business system to track the quotation process and maintain standard costs through cost roll activities. Senior cost analysts must also collaborate with managers to facilitate initiatives and projects that are cost-saving.
Financial analysts are professionals who are in charge of the financial operations of businesses. The analysts analyze results, monitor variances, determine trends, and suggest management-related actions to improve corporate finances. They reconcile transactions through data comparison and correction. It is their duty to maintain the database through data input, verification, and backup. They produce presentations restating fiscal information used by supervisors, administrators, and others. This position requires skills in financial reporting, management, communications skills, and accounting qualification.
Senior cost analysts and finances analyst-operations finances have different pay scales, as shown below.
| Senior Cost Analyst | Finance Analyst-Operations Finance | |
| Average salary | $77,845 | $67,736 |
| Salary range | Between $57,000 And $105,000 | Between $42,000 And $108,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Meta |
| Best paying industry | Automotive | Pharmaceutical |
There are a few differences between a senior cost analyst and a finance analyst-operations finance in terms of educational background:
| Senior Cost Analyst | Finance Analyst-Operations Finance | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior cost analysts' and finances analyst-operations finances' demographics:
| Senior Cost Analyst | Finance Analyst-Operations Finance | |
| Average age | 47 | 40 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 58.4% Female, 41.6% |
| Race ratio | Black or African American, 10.1% Unknown, 4.5% Hispanic or Latino, 15.6% Asian, 7.9% White, 60.8% American Indian and Alaska Native, 1.0% | 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 | 13% | 7% |