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The differences between analysts and corporate 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 analyst and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for an analyst include customer service, troubleshoot and data analysis. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Analyst | Corporate Finance Analyst | |
| Yearly salary | $73,007 | $76,023 |
| Hourly rate | $35.10 | $36.55 |
| Growth rate | 11% | 9% |
| Number of jobs | 253,138 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Analysts and corporate finance analysts have different pay scales, as shown below.
| Analyst | Corporate Finance Analyst | |
| Average salary | $73,007 | $76,023 |
| Salary range | Between $53,000 And $99,000 | Between $52,000 And $109,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Michigan |
| Best paying company | The Citadel | |
| Best paying industry | Technology | Finance |
There are a few differences between an analyst and a corporate finance analyst in terms of educational background:
| Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between analysts' and corporate finance analysts' demographics:
| Analyst | Corporate Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 63.5% Female, 36.5% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% | 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 | 12% | 7% |