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The differences between senior finance planning analysts and senior 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 senior analyst. Additionally, a senior finance planning analyst has an average salary of $87,863, which is higher than the $84,799 average annual salary of a senior 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 senior analyst are analytics, data analysis, and tableau.
| Senior Finance Planning Analyst | Senior Analyst | |
| Yearly salary | $87,863 | $84,799 |
| Hourly rate | $42.24 | $40.77 |
| Growth rate | 9% | 11% |
| Number of jobs | 90,330 | 159,807 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Average age | 40 | 44 |
| 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 senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Senior finance planning analysts and senior analysts have different pay scales, as shown below.
| Senior Finance Planning Analyst | Senior Analyst | |
| Average salary | $87,863 | $84,799 |
| Salary range | Between $64,000 And $120,000 | Between $63,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | New Jersey |
| 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 senior analyst in terms of educational background:
| Senior Finance Planning Analyst | Senior Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior finance planning analysts' and senior analysts' demographics:
| Senior Finance Planning Analyst | Senior Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 61.8% Female, 38.2% |
| 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, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |