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The differences between senior finance planning analysts and finance planning 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 planning manager takes usually requires 6-8 years. Additionally, a finance planning manager has an average salary of $109,162, 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 planning manager are financial analysis, financial planning analysis, and financial models.
| Senior Finance Planning Analyst | Finance Planning Manager | |
| Yearly salary | $87,863 | $109,162 |
| Hourly rate | $42.24 | $52.48 |
| Growth rate | 9% | 17% |
| Number of jobs | 90,330 | 120,588 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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 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 planning analysts and finance planning managers have different pay scales, as shown below.
| Senior Finance Planning Analyst | Finance Planning Manager | |
| Average salary | $87,863 | $109,162 |
| Salary range | Between $64,000 And $120,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Delaware |
| Best paying company | Credit Karma | Metropolitan Water District of Southern California |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a senior finance planning analyst and a finance planning manager in terms of educational background:
| Senior Finance Planning Analyst | Finance Planning Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance planning analysts' and finance planning managers' demographics:
| Senior Finance Planning Analyst | Finance Planning Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 69.8% Female, 30.2% |
| 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, 7.4% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |