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Business continuity specialist vs funding specialist

The differences between business continuity specialists and funding specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business continuity specialist has an average salary of $77,509, which is higher than the $43,459 average annual salary of a funding specialist.

The top three skills for a business continuity specialist include project management, lean six sigma and six sigma training. The most important skills for a funding specialist are data entry, excellent organizational, and ACH.

Business continuity specialist vs funding specialist overview

Business Continuity SpecialistFunding Specialist
Yearly salary$77,509$43,459
Hourly rate$37.26$20.89
Growth rate11%-3%
Number of jobs72,12347,806
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 61%
Average age4444
Years of experience--

What does a business continuity specialist do?

A business continuity specialist is responsible for developing, maintaining, and implementing disaster recovery and business continuity strategies, including business impact analyses, risk assessments, and strategy selection. Your duties typically include developing and implementing plans to continue business operations and achieve effective communication, working with managers to identify and improve KPIs, and keeping abreast of the latest trends and industry best practices. Additionally, you are expected to work closely with internal resources to identify customer needs through brainstorming.

What does a funding specialist do?

A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.

Business continuity specialist vs funding specialist salary

Business continuity specialists and funding specialists have different pay scales, as shown below.

Business Continuity SpecialistFunding Specialist
Average salary$77,509$43,459
Salary rangeBetween $60,000 And $99,000Between $30,000 And $62,000
Highest paying CityWashington, DCUrban Honolulu, HI
Highest paying stateWashingtonHawaii
Best paying companyBNY MellonNorthern Trust
Best paying industryHealth CareFinance

Differences between business continuity specialist and funding specialist education

There are a few differences between a business continuity specialist and a funding specialist in terms of educational background:

Business Continuity SpecialistFunding Specialist
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Business continuity specialist vs funding specialist demographics

Here are the differences between business continuity specialists' and funding specialists' demographics:

Business Continuity SpecialistFunding Specialist
Average age4444
Gender ratioMale, 66.8% Female, 33.2%Male, 36.9% Female, 63.1%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between business continuity specialist and funding specialist duties and responsibilities

Business continuity specialist example responsibilities.

  • Lead highly productive DR team of disparate groups of professionals providing recovery administration, planning and operational functions.
  • Design the department website using Sharepoint.
  • Update and revise ISO work instructions as necessary and issue the new and revise instructions.
  • Aid in initiatives to efficiently train staff in continuity skills and to enhance continuity awareness throughout the WBG.
  • Full BIA, risk analysis, risk mediation planning, and risk management project addressing all critical systems and revenue streams.
  • Participate in development of BCM risk mitigation and recovery strategies.
  • Show more

Funding specialist example responsibilities.

  • Manage a variety of operational tasks for moderately complex securities transactions that require knowledge of vary systems and processes.
  • Assist the quantitative analyst in improving the work efficiency by optimizing VBA codes for the fund analysis.
  • Work daily with equities, fix income, futures, swaps, options, FX and other derivative instruments.
  • Facilitate month-end close processes, invoicing, journal entries and account reconciliations
  • Perform extensive market research in Bloomberg terminals and Capital-IQ to analyze companies.
  • Prepare PowerPoint presentations and updates of financial spreadsheets for internal and external distribution.
  • Show more

Business continuity specialist vs funding specialist skills

Common business continuity specialist skills
  • Project Management, 9%
  • Lean Six Sigma, 8%
  • Six Sigma Training, 7%
  • Value Stream, 6%
  • Business Impact Analysis, 6%
  • Lean Manufacturing, 4%
Common funding specialist skills
  • Data Entry, 11%
  • Excellent Organizational, 9%
  • ACH, 7%
  • Quality Customer Service, 6%
  • Escrow, 5%
  • Loan Packages, 4%

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