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The differences between senior finance analysts and business & finance analysts 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 finance analyst and a business & finance analyst. Additionally, a senior finance analyst has an average salary of $83,222, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a senior finance analyst include financial analysis, hyperion and financial models. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Senior Finance Analyst | Business & Finance Analyst | |
| Yearly salary | $83,222 | $70,514 |
| Hourly rate | $40.01 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 117,609 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Senior finance analysts and business & finance analysts have different pay scales, as shown below.
| Senior Finance Analyst | Business & Finance Analyst | |
| Average salary | $83,222 | $70,514 |
| Salary range | Between $62,000 And $110,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | ||
| Best paying industry | Technology | Finance |
There are a few differences between a senior finance analyst and a business & finance analyst in terms of educational background:
| Senior Finance Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance analysts' and business & finance analysts' demographics:
| Senior Finance Analyst | Business & Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 55.6% Female, 44.4% |
| 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, 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 | 7% | 7% |