Senior managed vs finance manager

The differences between senior manageds and finance managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a senior managed and a finance manager. Additionally, a senior managed has an average salary of $107,923, which is higher than the $101,374 average annual salary of a finance manager.

The top three skills for a senior managed include project management, portfolio and emerging technologies. The most important skills for a finance manager are financial analysis, CPA, and customer service.

Senior managed vs finance manager overview

	Senior Managed	Finance Manager
Yearly salary	$107,923	$101,374
Hourly rate	$51.89	$48.74
Growth rate	17%	17%
Number of jobs	49,112	125,345
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Average age	46	46
Years of experience	8	8

What does a senior managed do?

Senior managers are responsible for organizing and managing the performance of a group of individuals. They observe their work and rectify actions when necessary. These managers usually direct the most important group in the company and may supervise the workers directly or guide their supervisors that in turn, managed them. Their duties include controlling the overall financial budgeting. Also, they approve hiring and firing requests within the company and guide the distinguishing of talents as well as the growth processes for the function. Additionally, they work with senior management and other peers for the establishment of strategies and implementation planning.

What does a finance manager do?

A finance manager is responsible for monitoring the financial system of a company. Their tasks include handling their organization's financial status, generating cost estimates and budget goals, identifying business opportunities to increase revenues and profitability, improving financial strategies, reducing costs, analyzing account statements, processing invoice as needed, analyzing market trends, searching potential partnerships, and presenting reports. A finance manager must have excellent analytical skills and knowledge of the accounting and financial industry. They are responsible for providing the best recommendations for the organization's growth.

Senior managed vs finance manager salary

Senior manageds and finance managers have different pay scales, as shown below.

	Senior Managed	Finance Manager
Average salary	$107,923	$101,374
Salary range	Between $71,000 And $162,000	Between $71,000 And $144,000
Highest paying City	Sacramento, CA	New York, NY
Highest paying state	Washington	New York
Best paying company	Walmart	Barclays
Best paying industry	Technology	Finance

Differences between senior managed and finance manager education

There are a few differences between a senior managed and a finance manager in terms of educational background:

	Senior Managed	Finance Manager
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	University of Pennsylvania

Senior managed vs finance manager demographics

Here are the differences between senior manageds' and finance managers' demographics:

	Senior Managed	Finance Manager
Average age	46	46
Gender ratio	Male, 61.6% Female, 38.4%	Male, 60.0% Female, 40.0%
Race ratio	Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3%	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between senior managed and finance manager duties and responsibilities

Senior managed example responsibilities.

Manage a team responsible for designing service-orient application architecture, standards and best practices guidelines, security and data access frameworks.
Provide DoD specific perspective of information security enhancing interoperability with IC.
Determine need for and plane detailed assessments of logistics situations which adversely affect readiness.
Direct all technical deployments and job scheduling with oversight for vendor and operations management.
Spearhead internal and external logistics network optimization projects to secure material cost and lead-time reductions.
Develop custom connectors to reconcile data from applications by interacting at database layer and performing provisioning for account and entitlement operations.

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Finance manager example responsibilities.

Manage the preparation of monthly reporting packs and board presentations with robust variance analysis, commentaries and forward looking KPIs.
Manage a team of sales persons, business managers, sales manager, A/R, A/P, and general managers.
Lead successful sales team and provide direct oversight on overall dealership business profitability.
Manage accounts payable/receivable, deposits, payroll preparation, purchasing and inventory management, liaison to accountant.
Oversee financial analysis, financial audits, G/L, A/R, A/P and fixed-asset accounting in accordance with GAAP standards.
Execute simple SQL queries to validate data in tables.

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Senior managed vs finance manager skills

Common senior managed skills

Project Management, 10%
Portfolio, 9%
Emerging Technologies, 6%
Mutual Funds, 5%
Risk Management, 4%
Working Independently, 4%

Common finance manager skills

Financial Analysis, 7%
CPA, 7%
Customer Service, 6%
Hyperion, 4%
Financial Models, 4%
Strong Analytical, 4%

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Updated January 8, 2025

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