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The differences between account 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 an account analyst and a finance analyst. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $55,829 average annual salary of an account analyst.
The top three skills for an account analyst include customer service, patients and financial statements. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Account Analyst | Finance Analyst | |
| Yearly salary | $55,829 | $69,887 |
| Hourly rate | $26.84 | $33.60 |
| Growth rate | 6% | 9% |
| Number of jobs | 106,327 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
Account analysts are responsible for analyzing account statements and financial transactions of an organization, resolving billing discrepancies, and managing account receivables. They assess the company's financial stability and identify opportunities to improve data analysis techniques by adhering to accounting principles and the company's operational protocols. Account analysts prepare financial reports, evaluate accounts payable, assist in tax audits, and release invoices. They should have excellent analytical and communication skills, especially on posting accurate account reports on the database.
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.
Account analysts and finance analysts have different pay scales, as shown below.
| Account Analyst | Finance Analyst | |
| Average salary | $55,829 | $69,887 |
| Salary range | Between $39,000 And $78,000 | Between $46,000 And $104,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Venable | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between an account analyst and a finance analyst in terms of educational background:
| Account Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between account analysts' and finance analysts' demographics:
| Account Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 8.9% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% 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% |