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The differences between account analysts and staff accountants 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 staff accountant. Additionally, an account analyst has an average salary of $55,829, which is higher than the $54,216 average annual salary of a staff accountant.
The top three skills for an account analyst include customer service, patients and financial statements. The most important skills for a staff accountant are reconciliations, account reconciliations, and GAAP.
| Account Analyst | Staff Accountant | |
| Yearly salary | $55,829 | $54,216 |
| Hourly rate | $26.84 | $26.07 |
| Growth rate | 6% | 6% |
| Number of jobs | 106,327 | 115,930 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Average age | 44 | 44 |
| 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.
Staff accountants are employees who are part of the company's accounting department. They are usually certified public accountants (CPAs). Staff accountants should be familiar with accounting tasks. Previous accounting experiences play a huge advantage in their success. They perform a variety of accounting responsibilities such as information verification and analysis, financial report preparation and presentation, financial account reconciliation, billing and payment receiving activities, vendor database management, and invoice processing requirements. They should also know how to do bookkeeping. Staff accountants should have good communication skills, analytical skills, and decision-making skills. They should also be organized and trustworthy since they will be handling confidential information.
Account analysts and staff accountants have different pay scales, as shown below.
| Account Analyst | Staff Accountant | |
| Average salary | $55,829 | $54,216 |
| Salary range | Between $39,000 And $78,000 | Between $42,000 And $68,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Venable | Meta |
| Best paying industry | Finance | Government |
There are a few differences between an account analyst and a staff accountant in terms of educational background:
| Account Analyst | Staff Accountant | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between account analysts' and staff accountants' demographics:
| Account Analyst | Staff Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 41.6% Female, 58.4% |
| 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, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.4% White, 61.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |