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The differences between senior finance planning analysts and finance 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 finance analyst. Additionally, a senior finance planning analyst has an average salary of $87,863, which is higher than the $69,887 average annual salary of a finance 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 finance analyst are financial analysis, financial models, and financial data.
| Senior Finance Planning Analyst | Finance Analyst | |
| Yearly salary | $87,863 | $69,887 |
| Hourly rate | $42.24 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 90,330 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| 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 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 planning analysts and finance analysts have different pay scales, as shown below.
| Senior Finance Planning Analyst | Finance Analyst | |
| Average salary | $87,863 | $69,887 |
| Salary range | Between $64,000 And $120,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Connecticut |
| Best paying company | Credit Karma | The Citadel |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior finance planning analyst and a finance analyst in terms of educational background:
| Senior Finance Planning Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance planning analysts' and finance analysts' demographics:
| Senior Finance Planning Analyst | Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 56.2% Female, 43.8% |
| 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% |