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The differences between senior finance consultants and 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 consultant and a finance analyst. Additionally, a senior finance consultant has an average salary of $97,689, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a senior finance consultant include financial analysis, project management and financial services. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Senior Finance Consultant | Finance Analyst | |
| Yearly salary | $97,689 | $69,887 |
| Hourly rate | $46.97 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 112,032 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Senior finance consultants and finance analysts have different pay scales, as shown below.
| Senior Finance Consultant | Finance Analyst | |
| Average salary | $97,689 | $69,887 |
| Salary range | Between $68,000 And $138,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Connecticut |
| Best paying company | Dell | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a senior finance consultant and a finance analyst in terms of educational background:
| Senior Finance Consultant | Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance consultants' and finance analysts' demographics:
| Senior Finance Consultant | Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 68.2% Female, 31.8% | Male, 56.2% Female, 43.8% |
| 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% |