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The differences between senior finance analysts and senior 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 senior finance manager takes usually requires 6-8 years. Additionally, a senior finance manager has an average salary of $133,358, 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 senior finance manager are hyperion, financial performance, and financial analysis.
| Senior Finance Analyst | Senior Finance Manager | |
| Yearly salary | $83,222 | $133,358 |
| Hourly rate | $40.01 | $64.11 |
| Growth rate | 9% | 17% |
| Number of jobs | 117,609 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| 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 senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Senior finance analysts and senior finance managers have different pay scales, as shown below.
| Senior Finance Analyst | Senior Finance Manager | |
| Average salary | $83,222 | $133,358 |
| Salary range | Between $62,000 And $110,000 | Between $95,000 And $185,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Roku | |
| Best paying industry | Technology | Professional |
There are a few differences between a senior finance analyst and a senior finance manager in terms of educational background:
| Senior Finance Analyst | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance analysts' and senior finance managers' demographics:
| Senior Finance Analyst | Senior Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |