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The differences between senior finance managers and finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a senior finance manager, becoming a finance analyst takes usually requires 2-4 years. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Senior Finance Manager | Finance Analyst | |
| Yearly salary | $133,358 | $69,887 |
| Hourly rate | $64.11 | $33.60 |
| Growth rate | 17% | 9% |
| Number of jobs | 139,639 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Average age | 46 | 40 |
| Years of experience | 8 | 4 |
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 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 managers and finance analysts have different pay scales, as shown below.
| Senior Finance Manager | Finance Analyst | |
| Average salary | $133,358 | $69,887 |
| Salary range | Between $95,000 And $185,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Connecticut |
| Best paying company | Roku | The Citadel |
| Best paying industry | Professional | Finance |
There are a few differences between a senior finance manager and a finance analyst in terms of educational background:
| Senior Finance Manager | Finance Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and finance analysts' demographics:
| Senior Finance Manager | Finance Analyst | |
| Average age | 46 | 40 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 56.2% Female, 43.8% |
| 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, 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 | 11% | 7% |