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The differences between senior finance consultants 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 consultant, 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 $97,689 average annual salary of a senior finance consultant.
The top three skills for a senior finance consultant include financial analysis, project management and financial services. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Senior Finance Consultant | Finance Manager | |
| Yearly salary | $97,689 | $101,374 |
| Hourly rate | $46.97 | $48.74 |
| Growth rate | 9% | 17% |
| Number of jobs | 112,032 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 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 consultants and finance managers have different pay scales, as shown below.
| Senior Finance Consultant | Finance Manager | |
| Average salary | $97,689 | $101,374 |
| Salary range | Between $68,000 And $138,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Dell | Barclays |
| Best paying industry | Technology | Finance |
There are a few differences between a senior finance consultant and a finance manager in terms of educational background:
| Senior Finance Consultant | Finance Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance consultants' and finance managers' demographics:
| Senior Finance Consultant | Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 68.2% Female, 31.8% | 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% |