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The differences between senior fraud analysts and senior finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a senior fraud analyst, becoming a senior finance analyst takes usually requires 2-4 years. Additionally, a senior fraud analyst has an average salary of $91,428, which is higher than the $83,222 average annual salary of a senior finance analyst.
The top three skills for a senior fraud analyst include SQL, fraud risk and fraud prevention. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Senior Fraud Analyst | Senior Finance Analyst | |
| Yearly salary | $91,428 | $83,222 |
| Hourly rate | $43.96 | $40.01 |
| Growth rate | 3% | 9% |
| Number of jobs | 13,411 | 117,609 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 74% |
| Average age | 39 | 40 |
| Years of experience | 2 | 4 |
A Senior Fraud Analyst performs extensive research and analyses to detect suspicious transactions and determine fraudulent activities in financial institutions or business establishments. Their responsibilities typically revolve around monitoring financial transactions and documents, gathering and analyzing various data, conducting account assessments, validating information, and thoroughly reviewing documents. There are also instances where they must set objectives, establish guidelines, produce progress reports, and resolve issues promptly and efficiently. Moreover, as a senior fraud analyst, it is essential to lead and serve as a role model for junior fraud analysts, overseeing their performance while implementing company policies and regulations.
A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.
Senior fraud analysts and senior finance analysts have different pay scales, as shown below.
| Senior Fraud Analyst | Senior Finance Analyst | |
| Average salary | $91,428 | $83,222 |
| Salary range | Between $69,000 And $120,000 | Between $62,000 And $110,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | SoFi | |
| Best paying industry | Start-up | Technology |
There are a few differences between a senior fraud analyst and a senior finance analyst in terms of educational background:
| Senior Fraud Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 57% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior fraud analysts' and senior finance analysts' demographics:
| Senior Fraud Analyst | Senior Finance Analyst | |
| Average age | 39 | 40 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 61.7% Female, 38.3% |
| Race ratio | Black or African American, 8.2% Unknown, 2.7% Hispanic or Latino, 9.8% Asian, 10.0% White, 69.0% American Indian and Alaska Native, 0.3% | 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 | 11% | 7% |