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The differences between bank analysts and 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 finance analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Bank Analyst | Finance Analyst | |
| Yearly salary | $85,532 | $69,887 |
| Hourly rate | $41.12 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,983 | 138,600 |
| 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.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Bank analysts and finance analysts have different pay scales, as shown below.
| Bank Analyst | Finance Analyst | |
| Average salary | $85,532 | $69,887 |
| Salary range | Between $64,000 And $114,000 | Between $46,000 And $104,000 |
| Highest paying City | Philadelphia, PA | San Francisco, CA |
| Highest paying state | Pennsylvania | Connecticut |
| Best paying company | BGC Partners | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a bank analyst and a finance analyst in terms of educational background:
| Bank Analyst | 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 finance analysts' demographics:
| Bank Analyst | Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 56.2% Female, 43.8% |
| 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% |