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The differences between business analysts and business & 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 business analyst and a business & finance analyst. Additionally, a business analyst has an average salary of $74,431, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a business analyst include project management, data analysis and business analysis. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Analyst | Business & Finance Analyst | |
| Yearly salary | $74,431 | $70,514 |
| Hourly rate | $35.78 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 170,514 | 168,111 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Business analysts and business & finance analysts have different pay scales, as shown below.
| Business Analyst | Business & Finance Analyst | |
| Average salary | $74,431 | $70,514 |
| Salary range | Between $53,000 And $103,000 | Between $50,000 And $99,000 |
| Highest paying City | Mountain View, CA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Finance | Finance |
There are a few differences between a business analyst and a business & finance analyst in terms of educational background:
| Business Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between business analysts' and business & finance analysts' demographics:
| Business Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% | 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 | 11% | 7% |