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The differences between senior finance specialists and senior finance 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 specialist, becoming a senior finance manager takes usually requires 6-8 years. Additionally, a senior finance manager has an average salary of $133,358, 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 senior finance manager are hyperion, financial performance, and financial analysis.
| Senior Finance Specialist | Senior Finance Manager | |
| Yearly salary | $89,779 | $133,358 |
| Hourly rate | $43.16 | $64.11 |
| Growth rate | 9% | 17% |
| Number of jobs | 71,214 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| 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 senior finance manager is an individual who supervises financial department staff members as well as monitors the daily financial operations within a company. Senior finance managers must keep track of the financial status and performance of the company so that they can identify areas for potential improvement. They review financial data and prepare reports to be presented to the management to help them in their business decision making. Senior finance managers must also maintain policies within the company and should have a deep understanding of financial regulations and legislations.
Senior finance specialists and senior finance managers have different pay scales, as shown below.
| Senior Finance Specialist | Senior Finance Manager | |
| Average salary | $89,779 | $133,358 |
| Salary range | Between $55,000 And $146,000 | Between $95,000 And $185,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | ZS | Roku |
| Best paying industry | Telecommunication | Professional |
There are a few differences between a senior finance specialist and a senior finance manager in terms of educational background:
| Senior Finance Specialist | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior finance specialists' and senior finance managers' demographics:
| Senior Finance Specialist | Senior Finance Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 70.3% Female, 29.7% |
| 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, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |