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The differences between senior finance planning analysts and contract analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior finance planning analyst and a contract analyst. Additionally, a senior finance planning analyst has an average salary of $87,863, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a senior finance planning analyst include hyperion, financial analysis and financial planning analysis. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Senior Finance Planning Analyst | Contract Analyst | |
| Yearly salary | $87,863 | $54,544 |
| Hourly rate | $42.24 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 90,330 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A senior financial planning analyst is responsible for monitoring the financial situation and stability of the company by conducting data and statistical analysis from account statement reports and market trends. Senior financial planning analysts review cost and expense forecasting, budgeting for resource allocation, and resolve financial discrepancies that may affect business functions and operations. They also identify business opportunities to generate more revenues and increase the company's profitability, design an efficient financial database, and prepare organized financial and billing reports.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Senior finance planning analysts and contract analysts have different pay scales, as shown below.
| Senior Finance Planning Analyst | Contract Analyst | |
| Average salary | $87,863 | $54,544 |
| Salary range | Between $64,000 And $120,000 | Between $39,000 And $74,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Oregon | New Jersey |
| Best paying company | Credit Karma | AstraZeneca |
| Best paying industry | Manufacturing | Pharmaceutical |
There are a few differences between a senior finance planning analyst and a contract analyst in terms of educational background:
| Senior Finance Planning Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance planning analysts' and contract analysts' demographics:
| Senior Finance Planning Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 41.2% Female, 58.8% |
| Race ratio | 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% | 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 | 7% | 7% |