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The differences between senior finance managers and administrative & finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a senior finance manager and an administrative & finance manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $76,989 average annual salary of an administrative & finance manager.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for an administrative & finance manager are payroll processing, human resources, and oversight.
| Senior Finance Manager | Administrative & Finance Manager | |
| Yearly salary | $133,358 | $76,989 |
| Hourly rate | $64.11 | $37.01 |
| Growth rate | 17% | 17% |
| Number of jobs | 139,639 | 143,109 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 63% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
An administrative and finance manager handles a company's expenditures, requests, invoices, and other financial documentation. Their primary duty is to oversee a finance team's daily work. Additionally, they must coordinate financial staff, ensure that orders from management are carried out, complete the company's financial statements, and provide tax data for the legal department.
Senior finance managers and administrative & finance managers have different pay scales, as shown below.
| Senior Finance Manager | Administrative & Finance Manager | |
| Average salary | $133,358 | $76,989 |
| Salary range | Between $95,000 And $185,000 | Between $55,000 And $107,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Roku | Meta |
| Best paying industry | Professional | Insurance |
There are a few differences between a senior finance manager and an administrative & finance manager in terms of educational background:
| Senior Finance Manager | Administrative & Finance Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 63% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and administrative & finance managers' demographics:
| Senior Finance Manager | Administrative & Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 50.7% Female, 49.3% |
| Race ratio | 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% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |