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The differences between senior finance managers and business manager-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 a business manager-finance manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $106,036 average annual salary of a business manager-finance manager.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for a business manager-finance manager are financial analysis, project management, and financial management.
| Senior Finance Manager | Business Manager-Finance Manager | |
| Yearly salary | $133,358 | $106,036 |
| Hourly rate | $64.11 | $50.98 |
| Growth rate | 17% | 17% |
| Number of jobs | 139,639 | 180,161 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| 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.
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
Senior finance managers and business manager-finance managers have different pay scales, as shown below.
| Senior Finance Manager | Business Manager-Finance Manager | |
| Average salary | $133,358 | $106,036 |
| Salary range | Between $95,000 And $185,000 | Between $73,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Roku | ZS |
| Best paying industry | Professional | Finance |
There are a few differences between a senior finance manager and a business manager-finance manager in terms of educational background:
| Senior Finance Manager | Business Manager-Finance Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 64% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and business manager-finance managers' demographics:
| Senior Finance Manager | Business Manager-Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 58.8% Female, 41.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |