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The differences between senior finance managers and finance planning 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 finance planning manager. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $109,162 average annual salary of a finance planning manager.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for a finance planning manager are financial analysis, financial planning analysis, and financial models.
| Senior Finance Manager | Finance Planning Manager | |
| Yearly salary | $133,358 | $109,162 |
| Hourly rate | $64.11 | $52.48 |
| Growth rate | 17% | 17% |
| Number of jobs | 139,639 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| 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 finance planning manager oversees the budget and finance development processes within a company. Their responsibilities revolve around analyzing financial records, participating in auditing processes, producing reports and forecasts, and coordinating with different company personnel to obtain accurate data. A finance planning manager must also utilize fiscal tools, devise new business strategies and opportunities, and keep abreast of all the company's upcoming projects. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
Senior finance managers and finance planning managers have different pay scales, as shown below.
| Senior Finance Manager | Finance Planning Manager | |
| Average salary | $133,358 | $109,162 |
| Salary range | Between $95,000 And $185,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Delaware |
| Best paying company | Roku | Metropolitan Water District of Southern California |
| Best paying industry | Professional | Manufacturing |
There are a few differences between a senior finance manager and a finance planning manager in terms of educational background:
| Senior Finance Manager | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and finance planning managers' demographics:
| Senior Finance Manager | Finance Planning Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 69.8% Female, 30.2% |
| 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, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |