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The differences between senior finance analysts and 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 finance analyst, becoming a finance manager takes usually requires 6-8 years. Additionally, a finance manager has an average salary of $101,374, which is higher than the $83,222 average annual salary of a senior finance analyst.
The top three skills for a senior finance analyst include financial analysis, hyperion and financial models. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Senior Finance Analyst | Finance Manager | |
| Yearly salary | $83,222 | $101,374 |
| Hourly rate | $40.01 | $48.74 |
| Growth rate | 9% | 17% |
| Number of jobs | 117,609 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Senior finance analysts and finance managers have different pay scales, as shown below.
| Senior Finance Analyst | Finance Manager | |
| Average salary | $83,222 | $101,374 |
| Salary range | Between $62,000 And $110,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Barclays | |
| Best paying industry | Technology | Finance |
There are a few differences between a senior finance analyst and a finance manager in terms of educational background:
| Senior Finance Analyst | Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance analysts' and finance managers' demographics:
| Senior Finance Analyst | Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 60.0% Female, 40.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |