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The differences between business planning 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 planning analyst and a business & finance analyst. Additionally, a business planning analyst has an average salary of $75,822, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a business planning analyst include project management, HR and financial analysis. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Planning Analyst | Business & Finance Analyst | |
| Yearly salary | $75,822 | $70,514 |
| Hourly rate | $36.45 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 146,438 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A business planning analyst specializes in performing research and analysis to develop business plans and models, ensuring efficiency and profitability. Their responsibilities revolve around devising strategies to improve existing systems and procedures, coordinating with different departments to gather data, determining areas needing improvement, and identifying new market and sales opportunities. Furthermore, a business planning analyst may perform clerical tasks such as creating presentations, producing progress reports, maintaining records of all research and data, and managing budgets and expenditures.
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 planning analysts and business & finance analysts have different pay scales, as shown below.
| Business Planning Analyst | Business & Finance Analyst | |
| Average salary | $75,822 | $70,514 |
| Salary range | Between $57,000 And $100,000 | Between $50,000 And $99,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Meta | |
| Best paying industry | Finance | Finance |
There are a few differences between a business planning analyst and a business & finance analyst in terms of educational background:
| Business Planning Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between business planning analysts' and business & finance analysts' demographics:
| Business Planning Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% 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 | 12% | 7% |