What Does a Business & Finance Analyst Do?

In this section, we take a look at the annual salaries of other professions. Take cost analyst for example. On average, the cost analysts annual salary is $16,356 lower than what business & finance analysts make on average every year.

Even though business & finance analysts and cost analysts have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require financial analysis, business analysis, and financial data in the day-to-day roles.

There are some key differences in responsibilities as well. For example, a business & finance analyst responsibilities require skills like "shared services," "business process," "financial models," and "hyperion." Meanwhile a typical cost analyst has skills in areas such as "cost estimates," "dod," "project management," and "cost models." This difference in skills reveals how truly different these two careers really are.

Cost analysts tend to make the most money in the automotive industry by averaging a salary of $76,426. In contrast, business & finance analysts make the biggest average salary of $82,379 in the finance industry.

On average, cost analysts reach lower levels of education than business & finance analysts. Cost analysts are 9.6% less likely to earn a Master's Degree and 0.1% less likely to graduate with a Doctoral Degree.

Next up, we have the senior technical business analyst profession to look over. This career brings along a higher average salary when compared to a business & finance analyst annual salary. In fact, senior technical business analysts salary difference is $35,393 higher than the salary of business & finance analysts per year.

Not everything about these jobs is different. Take their skills, for example. Business & finance analysts and senior technical business analysts both include similar skills like "business analysis," "shared services," and "strong analytical" on their resumes.

But both careers also use different skills, according to real business & finance analyst resumes. While business & finance analyst responsibilities can utilize skills like "financial analysis," "financial data," "financial models," and "hyperion," some senior technical business analysts use skills like "project management," "user stories," "scrum," and "business stakeholders."

It's been discovered that senior technical business analysts earn higher salaries compared to business & finance analysts, but we wanted to find out where senior technical business analysts earned the most pay. The answer? The energy industry. The average salary in the industry is $122,449. Additionally, business & finance analysts earn the highest paychecks in the finance with an average salary of $82,379.

In general, senior technical business analysts study at similar levels of education than business & finance analysts. They're 2.9% less likely to obtain a Master's Degree while being 0.1% more likely to earn a Doctoral Degree.

The third profession we take a look at is finance analyst/accountant. On an average scale, these workers bring in lower salaries than business & finance analysts. In fact, they make a $7,539 lower salary per year.

By looking over several business & finance analysts and finance analyst/accountants resumes, we found that both roles utilize similar skills, such as "financial analysis," "financial data," and "strong analytical." But beyond that the careers look very different.

There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a business & finance analyst is likely to be skilled in "business analysis," "shared services," "business process," and "hyperion," while a typical finance analyst/accountant is skilled in "general ledger accounts," "payroll," "external auditors," and "account reconciliations."

Additionally, finance analyst/accountants earn a higher salary in the finance industry compared to other industries. In this industry, they receive an average salary of $78,897. Additionally, business & finance analysts earn an average salary of $82,379 in the finance industry.

When it comes to education, finance analyst/accountants tend to earn lower education levels than business & finance analysts. In fact, they're 7.2% less likely to earn a Master's Degree, and 0.2% less likely to graduate with a Doctoral Degree.

Contractor-business analysts tend to earn a higher pay than business & finance analysts by about $16,888 per year.

While their salaries may vary, business & finance analysts and contractor-business analysts both use similar skills to perform their jobs. Resumes from both professions include skills like "financial analysis," "business analysis," and "financial data. "

While some skills are shared by these professions, there are some differences to note. "shared services," "strong analytical," "financial models," and "hyperion" are skills that have shown up on business & finance analysts resumes. Additionally, contractor-business analyst uses skills like project management, data entry, user stories, and bi on their resumes.

The average resume of contractor-business analysts showed that they earn similar levels of education to business & finance analysts. So much so that the likelihood of them earning a Master's Degree is 4.8% less. Additionally, they're more likely to earn a Doctoral Degree by 1.5%.