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The differences between senior finance analysts and finance planning 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 planning manager takes usually requires 6-8 years. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Senior Finance Analyst | Finance Planning Manager | |
| Yearly salary | $83,222 | $109,162 |
| Hourly rate | $40.01 | $52.48 |
| Growth rate | 9% | 17% |
| Number of jobs | 117,609 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| 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 planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Senior finance analysts and finance planning managers have different pay scales, as shown below.
| Senior Finance Analyst | Finance Planning Manager | |
| Average salary | $83,222 | $109,162 |
| Salary range | Between $62,000 And $110,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Delaware |
| Best paying company | Metropolitan Water District of Southern California | |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a senior finance analyst and a finance planning manager in terms of educational background:
| Senior Finance Analyst | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance analysts' and finance planning managers' demographics:
| Senior Finance Analyst | Finance Planning Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |