Bank accountant vs accounting analyst

The differences between bank accountants 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 a bank accountant and an accounting analyst. Additionally, an accounting analyst has an average salary of $58,399, which is higher than the $52,142 average annual salary of a bank accountant.

The top three skills for a bank accountant include reconciliations, general ledger and financial statements. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.

Bank accountant vs accounting analyst overview

	Bank Accountant	Accounting Analyst
Yearly salary	$52,142	$58,399
Hourly rate	$25.07	$28.08
Growth rate	6%	6%
Number of jobs	43,750	81,097
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 74%
Average age	44	44
Years of experience	4	4

Bank accountant vs accounting analyst salary

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

	Bank Accountant	Accounting Analyst
Average salary	$52,142	$58,399
Salary range	Between $39,000 And $68,000	Between $42,000 And $79,000
Highest paying City	-	San Francisco, CA
Highest paying state	-	New York
Best paying company	-	Google
Best paying industry	-	Finance

Differences between bank accountant and accounting analyst education

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

	Bank Accountant	Accounting Analyst
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 74%
Most common major	Accounting	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Bank accountant vs accounting analyst demographics

Here are the differences between bank accountants' and accounting analysts' demographics:

	Bank Accountant	Accounting Analyst
Average age	44	44
Gender ratio	Male, 36.9% Female, 63.1%	Male, 41.6% Female, 58.4%
Race ratio	Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 14.1% White, 62.2% American Indian and Alaska Native, 0.5%	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 Percentage	7%	7%

Differences between bank accountant and accounting analyst duties and responsibilities

Bank accountant example responsibilities.

Manage accounting operations, accounting close, account reporting and reconciliations.
Assist in the creation, verification, and transmission of ACH files.
Collaborate with payroll conversion process from ADP to PeopleSoft; performing parallel testing and confirming accuracy of payroll information in PeopleSoft.
Review of contract documentation to determine billing requirements, reporting requirements and ERP setup for automate invoicing.

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.

Bank accountant vs accounting analyst skills

Common bank accountant skills

Reconciliations, 17%
General Ledger, 16%
Financial Statements, 15%
Financial Reports, 5%
Reconcile General Ledger, 5%
Balance Sheet, 5%

Common accounting analyst skills

Reconciliations, 12%
Customer Service, 7%
Account Reconciliations, 6%
GAAP, 5%
Strong Analytical, 4%
Payroll, 4%

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Bank Accountant vs Accounting Analyst

Updated January 8, 2025

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