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The differences between senior finance planning analysts and senior finance consultants 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 finance consultant. Additionally, a senior finance consultant has an average salary of $97,689, 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 senior finance consultant are financial analysis, project management, and financial services.
| Senior Finance Planning Analyst | Senior Finance Consultant | |
| Yearly salary | $87,863 | $97,689 |
| Hourly rate | $42.24 | $46.97 |
| Growth rate | 9% | 9% |
| Number of jobs | 90,330 | 112,032 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| 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 senior finance consultant is responsible for helping clients manage their account portfolios, recommending investment options, and monitoring their finances. Senior finance consultants should have extensive knowledge of the financial industry, especially on working with clients and inform them of current financial services and strategize financial plans according to the clients' needs and best interests. They also respond to clients' inquiries and concerns regarding their account performance and financial discrepancies, resolving issues to achieve the clients' long-term financial goals and objectives.
Senior finance planning analysts and senior finance consultants have different pay scales, as shown below.
| Senior Finance Planning Analyst | Senior Finance Consultant | |
| Average salary | $87,863 | $97,689 |
| Salary range | Between $64,000 And $120,000 | Between $68,000 And $138,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Credit Karma | Dell |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior finance planning analyst and a senior finance consultant in terms of educational background:
| Senior Finance Planning Analyst | Senior Finance Consultant | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance planning analysts' and senior finance consultants' demographics:
| Senior Finance Planning Analyst | Senior Finance Consultant | |
| Average age | 40 | 40 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 68.2% Female, 31.8% |
| 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% |