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The differences between senior tax analysts and finance 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 tax analyst and a finance analyst. Additionally, a senior tax analyst has an average salary of $79,029, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a senior tax analyst include ASC, state income and onesource. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Senior Tax Analyst | Finance Analyst | |
| Yearly salary | $79,029 | $69,887 |
| Hourly rate | $37.99 | $33.60 |
| Growth rate | 6% | 9% |
| Number of jobs | 56,996 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A senior tax analyst is responsible for reconciling tax accounts, preparing tax payment estimates for the state and federal income tax jurisdictions. Other tasks that you will perform include discussing inter-company accounting, conducting tax research using different tax databases, and preparing state and federal income tax returns. In addition, you will be responsible for maintaining client accounts, write-ups, and ledgers, reconciling bank statements, and researching, developing, and executing tax-efficient structure. As a senior tax analyst, you are also responsible for reviewing and analyzing tax withholdings.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Senior tax analysts and finance analysts have different pay scales, as shown below.
| Senior Tax Analyst | Finance Analyst | |
| Average salary | $79,029 | $69,887 |
| Salary range | Between $58,000 And $106,000 | Between $46,000 And $104,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Rhode Island | Connecticut |
| Best paying company | The Citadel | |
| Best paying industry | Finance | Finance |
There are a few differences between a senior tax analyst and a finance analyst in terms of educational background:
| Senior Tax Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax analysts' and finance analysts' demographics:
| Senior Tax Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 48.3% Female, 51.7% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.5% White, 60.8% American Indian and Alaska Native, 0.5% | 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% |