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The differences between senior finance planning analysts and summer 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 summer analyst. Additionally, a senior finance planning analyst has an average salary of $87,863, which is higher than the $66,837 average annual salary of a summer 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 summer analyst are strong analytical, financial statements, and capital markets.
| Senior Finance Planning Analyst | Summer Analyst | |
| Yearly salary | $87,863 | $66,837 |
| Hourly rate | $42.24 | $32.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 90,330 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 80% |
| 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.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Senior finance planning analysts and summer analysts have different pay scales, as shown below.
| Senior Finance Planning Analyst | Summer Analyst | |
| Average salary | $87,863 | $66,837 |
| Salary range | Between $64,000 And $120,000 | Between $43,000 And $102,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | Oregon | - |
| Best paying company | Credit Karma | - |
| Best paying industry | Manufacturing | - |
There are a few differences between a senior finance planning analyst and a summer analyst in terms of educational background:
| Senior Finance Planning Analyst | Summer Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 80% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance planning analysts' and summer analysts' demographics:
| Senior Finance Planning Analyst | Summer Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 72.5% Female, 27.5% |
| 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% |