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The differences between business management 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 management analyst and a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, which is higher than the $69,743 average annual salary of a business management analyst.
The top three skills for a business management analyst include project management, CRM and business analysis. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Management Analyst | Business & Finance Analyst | |
| Yearly salary | $69,743 | $70,514 |
| Hourly rate | $33.53 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 203,737 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A business management analyst specializes in conducting economic research and analysis to provide essential data that will help companies to develop better procedures and services. Moreover, their responsibilities typically revolve around evaluating existing processes and systems to look for areas in need of improvement, identifying issues and providing corrective measures, facilitating meetings and presentations, documenting and processing results, and maintaining an accurate record of data and transactions. Furthermore, it is essential to implement all policies and regulations, all while encouraging the team to reach goals and improve performance.
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 management analysts and business & finance analysts have different pay scales, as shown below.
| Business Management Analyst | Business & Finance Analyst | |
| Average salary | $69,743 | $70,514 |
| Salary range | Between $49,000 And $98,000 | Between $50,000 And $99,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Meta | |
| Best paying industry | Finance | Finance |
There are a few differences between a business management analyst and a business & finance analyst in terms of educational background:
| Business Management Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between business management analysts' and business & finance analysts' demographics:
| Business Management Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 51.4% Female, 48.6% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.3% 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 | 12% | 7% |