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Asset analyst vs accounting analyst

The differences between asset analysts and accounting 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 asset analyst and an accounting analyst. Additionally, an asset analyst has an average salary of $72,242, which is higher than the $58,399 average annual salary of an accounting analyst.

The top three skills for an asset analyst include asset management, fixed assets and real estate. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Asset analyst vs accounting analyst overview

Asset AnalystAccounting Analyst
Yearly salary$72,242$58,399
Hourly rate$34.73$28.08
Growth rate9%6%
Number of jobs67,86481,097
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 74%
Average age4044
Years of experience44

What does an asset analyst do?

Asset analysts are accounting professionals who specialize in the management of the company's assets. They maintain the company's record of assets. They ensure that their database is updated. They also ensure that all physical assets are properly maintained. Asset analysts prepare reports related to these assets and draft recommendations as needed. They also keep themselves updated on the current trends in both the industry and in the economic market. They should always be on the lookout for possible asset acquisitions to improve the company's economic standing.

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.

Asset analyst vs accounting analyst salary

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

Asset AnalystAccounting Analyst
Average salary$72,242$58,399
Salary rangeBetween $47,000 And $109,000Between $42,000 And $79,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateMassachusettsNew York
Best paying companyPacific Investment Management Company LLCGoogle
Best paying industryFinanceFinance

Differences between asset analyst and accounting analyst education

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

Asset AnalystAccounting Analyst
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 74%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Asset analyst vs accounting analyst demographics

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

Asset AnalystAccounting Analyst
Average age4044
Gender ratioMale, 53.2% Female, 46.8%Male, 41.6% Female, 58.4%
Race ratioBlack 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%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 Percentage7%7%

Differences between asset analyst and accounting analyst duties and responsibilities

Asset analyst example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Compare large data sets using SQL queries.
  • Streamline procedure of data scrubbing restrict securities and accounts, decreasing processing time.
  • Supervise payroll and benefits calculation, taxes submission, equipment inventory and other relate activities.
  • Resolve technical coding issue in GSEC entity where securities are being inaccurately release, decreasing deficit numbers and analysis time.
  • Perform in a multifacete role providing full-scale accounting and financial services, payroll management, database administration, and recording/reporting.
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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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Asset analyst vs accounting analyst skills

Common asset analyst skills
  • Asset Management, 18%
  • Fixed Assets, 5%
  • Real Estate, 5%
  • Financial Statements, 4%
  • Securities, 4%
  • Process Improvement, 4%
Common accounting analyst skills
  • Reconciliations, 12%
  • Customer Service, 7%
  • Account Reconciliations, 6%
  • GAAP, 5%
  • Strong Analytical, 4%
  • Payroll, 4%

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