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The differences between business intelligence analysts and 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 intelligence analyst and a finance analyst. Additionally, a business intelligence analyst has an average salary of $80,249, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a business intelligence analyst include business intelligence, analytics and power bi. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Business Intelligence Analyst | Finance Analyst | |
| Yearly salary | $80,249 | $69,887 |
| Hourly rate | $38.58 | $33.60 |
| Growth rate | 21% | 9% |
| Number of jobs | 124,916 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
The primary job of business intelligence (BI) analysts is to analyze data and identify areas of improvement for an organization. These professionals are responsible for identifying trends that may help managers, executives, and other departments make better decisions to improve company processes and modernization. Other duties include identifying areas of revenue loss and ways to maximize profit, analyzing competitors' use of BI, and implementing new methodologies and data analysis. This role is particularly analytical and needs a balance of communication, information technology, and problem-solving skills.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Business intelligence analysts and finance analysts have different pay scales, as shown below.
| Business Intelligence Analyst | Finance Analyst | |
| Average salary | $80,249 | $69,887 |
| Salary range | Between $59,000 And $107,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Hampshire | Connecticut |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Start-up | Finance |
There are a few differences between a business intelligence analyst and a finance analyst in terms of educational background:
| Business Intelligence Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business intelligence analysts' and finance analysts' demographics:
| Business Intelligence Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 65.5% Female, 34.5% | Male, 56.2% Female, 43.8% |
| 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% |