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The differences between senior tax managers 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 tax manager and a finance manager. Additionally, a finance manager has an average salary of $101,374, which is higher than the $92,363 average annual salary of a senior tax manager.
The top three skills for a senior tax manager include CPA, client relationships and taxation. The most important skills for a finance manager are financial analysis, CPA, and customer service.
| Senior Tax Manager | Finance Manager | |
| Yearly salary | $92,363 | $101,374 |
| Hourly rate | $44.41 | $48.74 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 125,345 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
A senior tax manager is responsible for overseeing an organization's tax responsibilities and ensuring that the accounting processes adhere to the state regulations and local procedures. Senior tax managers evaluate tax documents and prepare tax returns timely and efficiently. They assess the accuracy of tax provisions and implement strategic methods to resolve taxation issues by conducting research on existing tax laws and obligations. A senior tax manager must have excellent communication and organizational skills, especially in coordinating with clients to inform them of their tax updates and completion.
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 tax managers and finance managers have different pay scales, as shown below.
| Senior Tax Manager | Finance Manager | |
| Average salary | $92,363 | $101,374 |
| Salary range | Between $66,000 And $128,000 | Between $71,000 And $144,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | New Hampshire | New York |
| Best paying company | Microsoft | Barclays |
| Best paying industry | Finance | Finance |
There are a few differences between a senior tax manager and a finance manager in terms of educational background:
| Senior Tax Manager | Finance Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and finance managers' demographics:
| Senior Tax Manager | Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 60.0% Female, 40.0% |
| Race ratio | 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% | 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% |