Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior finance managers and senior managers 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 senior manager takes usually requires 4-6 years. Additionally, a senior finance manager has an average salary of $133,358, which is higher than the $118,906 average annual salary of a senior manager.
The top three skills for a senior finance manager include hyperion, financial performance and financial analysis. The most important skills for a senior manager are analytics, project management, and portfolio.
| Senior Finance Manager | Senior Manager | |
| Yearly salary | $133,358 | $118,906 |
| Hourly rate | $64.11 | $57.17 |
| Growth rate | 17% | 6% |
| Number of jobs | 139,639 | 372,801 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
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 senior manager is responsible for directing the overall efficiency of business operations. Senior managers monitor the performance of the staff, improve operational strategies, identify business opportunities, allocate budgets and resources, present reports to senior management, set goals to drive results on increasing the company's revenues and profitability. Senior managers must coordinate with various operations departments to maintain good feedback for the company, meeting client's expectations, and delivering the best results. They should have excellent communication and leadership skills to handle team members, as well as managing their needs and concerns.
Senior finance managers and senior managers have different pay scales, as shown below.
| Senior Finance Manager | Senior Manager | |
| Average salary | $133,358 | $118,906 |
| Salary range | Between $95,000 And $185,000 | Between $86,000 And $163,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Jersey |
| Best paying company | Roku | Cornerstone Research |
| Best paying industry | Professional | Professional |
There are a few differences between a senior finance manager and a senior manager in terms of educational background:
| Senior Finance Manager | Senior Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance managers' and senior managers' demographics:
| Senior Finance Manager | Senior Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 70.3% Female, 29.7% | Male, 67.5% Female, 32.5% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 67.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |