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The differences between application specialists and cash application specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become an application specialist, becoming a cash application specialist takes usually requires 4-6 years. Additionally, an application specialist has an average salary of $84,635, which is higher than the $37,558 average annual salary of a cash application specialist.
The top three skills for an application specialist include customer service, customer satisfaction and technical support. The most important skills for a cash application specialist are customer service, cash application, and patients.
| Application Specialist | Cash Application Specialist | |
| Yearly salary | $84,635 | $37,558 |
| Hourly rate | $40.69 | $18.06 |
| Growth rate | 10% | -5% |
| Number of jobs | 96,980 | 63,925 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 44% |
| Average age | 42 | 51 |
| Years of experience | 2 | 6 |
An application specialist is responsible for maintaining the optimal performance of system applications, ensuring smooth navigation by upgrading the features of existing applications, and performing multiple diagnostic tests before releasing the applications to the digital marketplace. Application specialists work closely with the design engineers to improve system codes, verify the efficiency of network infrastructure, and adjusting application functions based on the clients' specifications and business' needs. They should always consider the budget goals, target end-users, and current market trends to design applications, meeting users' demands and public interests.
Cash Application Specialists handle a variety of tasks related to company finances. They manage the organization of the company's financial records and oversee the overall cash inflow. They may also be assigned to handle payment collection, preparation of invoices, and receipts' issuance. They manage their relationship with their counterparts in client organizations to ensure a harmonious work relationship. This will help them follow up payments, communicate better, and resolve any concerns. Cash application specialists are also in charge of updating client records and ensuring that clients' payments are accurate. They also process refunds and facilitate other financial transactions.
Application specialists and cash application specialists have different pay scales, as shown below.
| Application Specialist | Cash Application Specialist | |
| Average salary | $84,635 | $37,558 |
| Salary range | Between $60,000 And $118,000 | Between $29,000 And $48,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | Delaware |
| Best paying company | Cheniere Energy | Datamatics |
| Best paying industry | Manufacturing | Transportation |
There are a few differences between an application specialist and a cash application specialist in terms of educational background:
| Application Specialist | Cash Application Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 44% |
| Most common major | Business | Accounting |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between application specialists' and cash application specialists' demographics:
| Application Specialist | Cash Application Specialist | |
| Average age | 42 | 51 |
| Gender ratio | Male, 53.7% Female, 46.3% | Male, 19.3% Female, 80.7% |
| Race ratio | Black or African American, 10.8% Unknown, 5.4% Hispanic or Latino, 16.7% Asian, 11.1% White, 55.5% American Indian and Alaska Native, 0.4% | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 7% |