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The differences between asset analysts and tax analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an asset analyst, becoming a tax analyst takes usually requires 1-2 years. Additionally, an asset analyst has an average salary of $72,242, which is higher than the $61,745 average annual salary of a tax analyst.
The top three skills for an asset analyst include asset management, fixed assets and real estate. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.
| Asset Analyst | Tax Analyst | |
| Yearly salary | $72,242 | $61,745 |
| Hourly rate | $34.73 | $29.69 |
| Growth rate | 9% | -7% |
| Number of jobs | 67,864 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Average age | 40 | 48 |
| Years of experience | 4 | 2 |
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.
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Asset analysts and tax analysts have different pay scales, as shown below.
| Asset Analyst | Tax Analyst | |
| Average salary | $72,242 | $61,745 |
| Salary range | Between $47,000 And $109,000 | Between $43,000 And $87,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Massachusetts | Maine |
| Best paying company | Pacific Investment Management Company LLC | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between an asset analyst and a tax analyst in terms of educational background:
| Asset Analyst | Tax Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between asset analysts' and tax analysts' demographics:
| Asset Analyst | Tax Analyst | |
| Average age | 40 | 48 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 42.9% Female, 57.1% |
| Race ratio | 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% | Black or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 8% |