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The differences between business manager-finance managers and business & finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a business manager-finance manager, becoming a business & finance analyst takes usually requires 2-4 years. Additionally, a business manager-finance manager has an average salary of $106,036, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a business manager-finance manager include financial analysis, project management and financial management. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Manager-Finance Manager | Business & Finance Analyst | |
| Yearly salary | $106,036 | $70,514 |
| Hourly rate | $50.98 | $33.90 |
| Growth rate | 17% | 9% |
| Number of jobs | 180,161 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Average age | 46 | 40 |
| Years of experience | 8 | 4 |
A business manager/finance manager is responsible for handling the financial transactions of an organization, analyzing financial reports, and monitor investment activities. Business managers/finance managers strategize effective techniques to boost the organization's financial performance and identify business opportunities to increase revenues. They also prepare financial statements and assist senior management in making corporate decisions by conducting data and statistical analysis by studying market trends. A business manager/finance manager must have excellent critical thinking and analytical skills, especially in calculating costs and expenses to minimize the company's loss and stabilize profits.
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 manager-finance managers and business & finance analysts have different pay scales, as shown below.
| Business Manager-Finance Manager | Business & Finance Analyst | |
| Average salary | $106,036 | $70,514 |
| Salary range | Between $73,000 And $152,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | ZS | |
| Best paying industry | Finance | Finance |
There are a few differences between a business manager-finance manager and a business & finance analyst in terms of educational background:
| Business Manager-Finance Manager | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business manager-finance managers' and business & finance analysts' demographics:
| Business Manager-Finance Manager | Business & Finance Analyst | |
| Average age | 46 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% | 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% |