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The differences between senior finance specialists and managers finance planning and analysis 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 specialist, becoming a manager finance planning and analysis takes usually requires 6-8 years. Additionally, a manager finance planning and analysis has an average salary of $106,888, which is higher than the $89,779 average annual salary of a senior finance specialist.
The top three skills for a senior finance specialist include financial statements, financial data and financial analysis. The most important skills for a manager finance planning and analysis are financial performance, financial planning analysis, and financial analysis.
| Senior Finance Specialist | Manager Finance Planning And Analysis | |
| Yearly salary | $89,779 | $106,888 |
| Hourly rate | $43.16 | $51.39 |
| Growth rate | 9% | 17% |
| Number of jobs | 71,214 | 111,706 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
A finance specialist sells products and services at a financial institution. Finance specialists meet with customers to have a better understanding of their respective needs. The specialists offer insight into the trends in the financial market. They provide a suggestion on optimization strategies. It is expected of them to share their insight into the potential models in the business. The necessary skills for this job include strong communication, management experience, financial management, and analytical thinking.
A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
Senior finance specialists and managers finance planning and analysis have different pay scales, as shown below.
| Senior Finance Specialist | Manager Finance Planning And Analysis | |
| Average salary | $89,779 | $106,888 |
| Salary range | Between $55,000 And $146,000 | Between $76,000 And $148,000 |
| Highest paying City | New York, NY | San Bruno, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | ZS | Cravath |
| Best paying industry | Telecommunication | Manufacturing |
There are a few differences between a senior finance specialist and a manager finance planning and analysis in terms of educational background:
| Senior Finance Specialist | Manager Finance Planning And Analysis | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance specialists' and managers finance planning and analysis' demographics:
| Senior Finance Specialist | Manager Finance Planning And Analysis | |
| Average age | 40 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 68.0% Female, 32.0% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |