Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior finance planning analysts and finance managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior finance planning analyst, becoming a finance manager takes usually requires 6-8 years. Additionally, a finance manager has an average salary of $101,374, which is higher than the $87,863 average annual salary of a senior finance planning 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 manager are financial analysis, CPA, and customer service.
| Senior Finance Planning Analyst | Finance Manager | |
| Yearly salary | $87,863 | $101,374 |
| Hourly rate | $42.24 | $48.74 |
| Growth rate | 9% | 17% |
| Number of jobs | 90,330 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.
Senior finance planning analysts and finance managers have different pay scales, as shown below.
| Senior Finance Planning Analyst | Finance Manager | |
| Average salary | $87,863 | $101,374 |
| Salary range | Between $64,000 And $120,000 | Between $71,000 And $144,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Oregon | New York |
| Best paying company | Credit Karma | Barclays |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior finance planning analyst and a finance manager in terms of educational background:
| Senior Finance Planning Analyst | Finance Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| 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 managers' demographics:
| Senior Finance Planning Analyst | Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 60.0% Female, 40.0% |
| 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, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |