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The differences between business functional analysts and business & finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business functional analyst, becoming a business & finance analyst takes usually requires 2-4 years. Additionally, a business functional analyst has an average salary of $89,264, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a business functional analyst include java, business process and ERP. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Functional Analyst | Business & Finance Analyst | |
| Yearly salary | $89,264 | $70,514 |
| Hourly rate | $42.92 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 116,341 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Average age | 43 | 40 |
| Years of experience | 6 | 4 |
A business functional analyst's role focuses on helping companies utilize and implement software and systems in various operations. They conduct initial assessments, gather and analyze data from different departments, perform risk assessments, and create plans for system implementation and integration. They also conduct extensive research and analyses to determine the strengths and weaknesses of existing systems, developing solutions to optimize operations. Moreover, besides performing analytical tasks, a business functional analyst may also provide technical support to staff by troubleshooting complex issues and performing corrective measures when necessary.
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 functional analysts and business & finance analysts have different pay scales, as shown below.
| Business Functional Analyst | Business & Finance Analyst | |
| Average salary | $89,264 | $70,514 |
| Salary range | Between $65,000 And $122,000 | Between $50,000 And $99,000 |
| Highest paying City | Palo Alto, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | The Children's Place | |
| Best paying industry | Finance | Finance |
There are a few differences between a business functional analyst and a business & finance analyst in terms of educational background:
| Business Functional Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between business functional analysts' and business & finance analysts' demographics:
| Business Functional Analyst | Business & Finance Analyst | |
| Average age | 43 | 40 |
| Gender ratio | Male, 49.5% Female, 50.5% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 8.8% Unknown, 4.9% Hispanic or Latino, 9.8% Asian, 23.8% White, 52.5% American Indian and Alaska Native, 0.2% | 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 | 8% | 7% |