Budget technician vs finance technician

The differences between budget technicians and finance technicians can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a budget technician and a finance technician. Additionally, a finance technician has an average salary of $45,251, which is higher than the $42,506 average annual salary of a budget technician.

The top three skills for a budget technician include financial management, financial data and financial reports. The most important skills for a finance technician are financial reports, financial management, and review contracts.

Budget technician vs finance technician overview

	Budget Technician	Finance Technician
Yearly salary	$42,506	$45,251
Hourly rate	$20.44	$21.76
Growth rate	-5%	-5%
Number of jobs	7,432	89,668
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 48%
Average age	51	51
Years of experience	6	6

Budget technician vs finance technician salary

Budget technicians and finance technicians have different pay scales, as shown below.

	Budget Technician	Finance Technician
Average salary	$42,506	$45,251
Salary range	Between $31,000 And $56,000	Between $30,000 And $67,000
Highest paying City	Santa Rosa, CA	New York, NY
Highest paying state	Alaska	New York
Best paying company	University of Southern California	Ernst & Young
Best paying industry	Education	Government

Differences between budget technician and finance technician education

There are a few differences between a budget technician and a finance technician in terms of educational background:

	Budget Technician	Finance Technician
Most common degree	Bachelor's Degree, 51%	Bachelor's Degree, 48%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Budget technician vs finance technician demographics

Here are the differences between budget technicians' and finance technicians' demographics:

	Budget Technician	Finance Technician
Average age	51	51
Gender ratio	Male, 28.5% Female, 71.5%	Male, 41.2% Female, 58.8%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%	Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between budget technician and finance technician duties and responsibilities

Budget technician example responsibilities.

Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
Supervise unit logistics team by planning logistics functions and allocating manpower to fulfill logistics requirements of the organization.
Verify with division that FTE levels, funding sources, account codes are correct and balance to control numbers.
Utilize agency allocation letters, spending plans and FTE utilization are develop within funding resources.

Finance technician example responsibilities.

Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
Transmit data to MAJCOM, HQ USAF, & DoD timely.
Provide debt management for the DOD and service members.
Process and review documents associate with PCS, ETS, retirement and/or separation.
Ensure that obligations are correct, record, and submits vouchers to DFAS for processing.
Network and coordinate with DFAS, civilian personnel or other resources to resolve complex problems.

Budget technician vs finance technician skills

Common budget technician skills

Financial Management, 12%
Financial Data, 7%
Financial Reports, 7%
Status Updates, 7%
Budget Reports, 4%
Budget Analysis, 4%

Common finance technician skills

Financial Reports, 15%
Financial Management, 13%
Review Contracts, 10%
Financial Transactions, 8%
Treasury, 6%
Bonds, 4%