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Accounting manager vs accounting analyst

The differences between accounting managers and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an accounting manager, becoming an accounting analyst takes usually requires 2-4 years. Additionally, an accounting manager has an average salary of $84,451, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for an accounting manager include reconciliations, CPA and GAAP. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Accounting manager vs accounting analyst overview

Accounting ManagerAccounting Analyst
Yearly salary$84,451$58,399
Hourly rate$40.60$28.08
Growth rate17%6%
Number of jobs92,08981,097
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Average age4644
Years of experience84

What does an accounting manager do?

An accounting manager is responsible for supervising and monitoring the overall accounting department operations. Duties of an accounting manager include reviewing account information and account statements, processing invoices, analyzing financial data, performing account reconciliations, assisting with tax processing and audit reports, and generating financial reports for presentation with the board. An accounting manager must have excellent knowledge of the accounting principles and legislation to assist the team with the company's financial goals. Accounting managers must have the outstanding analytical, critical thinking, and decision-making skills to develop the best competitive financial strategies.

What does an accounting analyst do?

An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.

Accounting manager vs accounting analyst salary

Accounting managers and accounting analysts have different pay scales, as shown below.

Accounting ManagerAccounting Analyst
Average salary$84,451$58,399
Salary rangeBetween $60,000 And $117,000Between $42,000 And $79,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateVermontNew York
Best paying companyMorgan LewisGoogle
Best paying industryFinanceFinance

Differences between accounting manager and accounting analyst education

There are a few differences between an accounting manager and an accounting analyst in terms of educational background:

Accounting ManagerAccounting Analyst
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Most common majorAccountingAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Accounting manager vs accounting analyst demographics

Here are the differences between accounting managers' and accounting analysts' demographics:

Accounting ManagerAccounting Analyst
Average age4644
Gender ratioMale, 40.4% Female, 59.6%Male, 41.6% Female, 58.4%
Race ratioBlack or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 10.0% White, 63.2% American Indian and Alaska Native, 0.3%Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5%
LGBT Percentage11%7%

Differences between accounting manager and accounting analyst duties and responsibilities

Accounting manager example responsibilities.

  • Refine the 'pro forma invoice' system process to manage prepayments of client invoices enhancing efficiency and adding value.
  • Work independently on line of business projects to automate derivative processes and system enhancement testing.
  • Manage payroll and all taxation matters, coordinate independent audit; communicate with outside organizations and agencies.
  • Lead team that develop templates and procedure documentation of key controls within general accounting to comply with Sarbanes-Oxley.
  • Lead successful international enterprise wide ERP migration and experience in analysis, testing, documentation, design and implementation.
  • Conduct corporate treasury management planning and analysis, manages controls for inventory and cost accumulation for all products sell.
  • Show more

Accounting analyst example responsibilities.

  • Manage and process all ACH, EFT and wire transfer transactions daily (debit or credits).
  • Manage reconciling monthly discrepancies between ERP transfers.
  • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
  • Establish investment objectives to efficiently manage IPO proceeds within state risk parameters.
  • Maintain accounting controls by following GAAP and internal accounting policies; maintain financial security by following internal controls.
  • Review and approve monthly general ledger and bank account reconciliations for special condition accounts to ensure procedural consistency and compliance.
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Accounting manager vs accounting analyst skills

Common accounting manager skills
  • Reconciliations, 10%
  • CPA, 9%
  • GAAP, 7%
  • Customer Service, 5%
  • Payroll Processing, 4%
  • Internal Controls, 4%
Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%

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