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The differences between senior tax managers and senior 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 senior finance manager. Additionally, a senior finance manager has an average salary of $133,358, 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 senior finance manager are hyperion, financial performance, and financial analysis.
| Senior Tax Manager | Senior Finance Manager | |
| Yearly salary | $92,363 | $133,358 |
| Hourly rate | $44.41 | $64.11 |
| Growth rate | 17% | 17% |
| Number of jobs | 65,323 | 139,639 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| 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 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 tax managers and senior finance managers have different pay scales, as shown below.
| Senior Tax Manager | Senior Finance Manager | |
| Average salary | $92,363 | $133,358 |
| Salary range | Between $66,000 And $128,000 | Between $95,000 And $185,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Hampshire | California |
| Best paying company | Microsoft | Roku |
| Best paying industry | Finance | Professional |
There are a few differences between a senior tax manager and a senior finance manager in terms of educational background:
| Senior Tax Manager | Senior Finance Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 68% |
| Most common major | Accounting | Accounting |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between senior tax managers' and senior finance managers' demographics:
| Senior Tax Manager | Senior Finance Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 70.3% Female, 29.7% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |