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The differences between senior credit analysts and senior finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a senior credit analyst, becoming a senior finance analyst takes usually requires 2-4 years. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $83,222 average annual salary of a senior finance analyst.
The top three skills for a senior credit analyst include credit analysis, customer service and real estate. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Senior Credit Analyst | Senior Finance Analyst | |
| Yearly salary | $86,364 | $83,222 |
| Hourly rate | $41.52 | $40.01 |
| Growth rate | 17% | 9% |
| Number of jobs | 15,221 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Average age | 39 | 40 |
| Years of experience | 2 | 4 |
A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
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 credit analysts and senior finance analysts have different pay scales, as shown below.
| Senior Credit Analyst | Senior Finance Analyst | |
| Average salary | $86,364 | $83,222 |
| Salary range | Between $59,000 And $125,000 | Between $62,000 And $110,000 |
| Highest paying City | White Plains, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Apple | |
| Best paying industry | Finance | Technology |
There are a few differences between a senior credit analyst and a senior finance analyst in terms of educational background:
| Senior Credit Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit analysts' and senior finance analysts' demographics:
| Senior Credit Analyst | Senior Finance Analyst | |
| Average age | 39 | 40 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 61.7% Female, 38.3% |
| Race ratio | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% American Indian and Alaska Native, 0.3% | 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% |