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The differences between senior finance managers and finance leaders 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 finance leader. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $117,284 average annual salary of a finance leader.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for a finance leader are financial analysis, financial management, and business development.
| Senior Finance Manager | Finance Leader | |
| Yearly salary | $133,358 | $117,284 |
| Hourly rate | $64.11 | $56.39 |
| Growth rate | 17% | 17% |
| Number of jobs | 139,639 | 93,582 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 69% |
| 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.
The duties of a finance leader depend on one's place or industry of employment. Typically, their responsibilities revolve around monitoring the sales and financial operations in a company, preparing financial reports and statements, finding new sales opportunities, identifying the market and client needs, and maintaining records of all financial transactions. There are also instances where a finance leader may set and allocate budgets, perform audits in costs and expenditures, all while implementing the company's policies and regulations.
Senior finance managers and finance leaders have different pay scales, as shown below.
| Senior Finance Manager | Finance Leader | |
| Average salary | $133,358 | $117,284 |
| Salary range | Between $95,000 And $185,000 | Between $78,000 And $174,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Oregon |
| Best paying company | Roku | Apple |
| Best paying industry | Professional | Finance |
There are a few differences between a senior finance manager and a finance leader in terms of educational background:
| Senior Finance Manager | Finance Leader | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 69% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and finance leaders' demographics:
| Senior Finance Manager | Finance Leader | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 60.0% Female, 40.0% |
| 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, 14.2% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |