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The differences between bank analysts and corporate finance 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 analyst and a corporate finance analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $76,023 average annual salary of a corporate finance analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Bank Analyst | Corporate Finance Analyst | |
| Yearly salary | $85,532 | $76,023 |
| Hourly rate | $41.12 | $36.55 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,983 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
Banking analysts are employees with a strong background in finance or economics. They are usually employed by companies that invest in other businesses, stocks, public offerings, or those looking to merge with other companies. They analyze the company's move and recommend the proper courses of action to ensure its success. They are expected to be updated with the current economic trends and industry changes. This will help them create sound recommendations for the company. Banking analysts should know how to mitigate risks and carve the best possible path for their company.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Bank analysts and corporate finance analysts have different pay scales, as shown below.
| Bank Analyst | Corporate Finance Analyst | |
| Average salary | $85,532 | $76,023 |
| Salary range | Between $64,000 And $114,000 | Between $52,000 And $109,000 |
| Highest paying City | Philadelphia, PA | San Francisco, CA |
| Highest paying state | Pennsylvania | Michigan |
| Best paying company | BGC Partners | |
| Best paying industry | Finance | Finance |
There are a few differences between a bank analyst and a corporate finance analyst in terms of educational background:
| Bank Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank analysts' and corporate finance analysts' demographics:
| Bank Analyst | Corporate Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 63.5% Female, 36.5% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |