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This question is about accounting analyst jobs.
Do financial analysts make more money than accountants?
Yes, financial analysts make more money than accountants. A financial analyst, for example, earns an average of $71,345 per year - compared to the average salary for an accountant, which is $54,603 per year.
In fact, some accountants end up moving into financial analyst roles because it is more lucrative and provides greater opportunities for further advancement.
One reason for the difference in pay has to do with the skills needed to perform each role. An accountant, for instance, focuses more on past and present spending. For example, they may review day-to-day financial data to better understand company spending or review quarterly changes to the budget.
A financial analyst also looks at the past and current trends to help achieve a future goal. In this light, you can see that financial analysts focus more on the big picture than on day-to-day trends.
A financial analyst, for example, may review financial decisions based on current market trends, stated business objectives, or suggest investment options. Unlike an accountant, a financial analyst is someone whose evaluation helps determine whether a project or venture is worthy enough for investment.
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