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The differences between business process 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 process analyst and a business & finance analyst. Additionally, a business process analyst has an average salary of $78,215, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a business process analyst include process improvement, project management and subject matter experts. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Process Analyst | Business & Finance Analyst | |
| Yearly salary | $78,215 | $70,514 |
| Hourly rate | $37.60 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 160,260 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
The business process analysts are responsible for producing, managing, and enhancing business processes to improve business performance using data. They gather, analyze, and transcribe information about internal processes to obtain a comprehensive picture of the company's internal workings. Their responsibilities include developing strategies, identifying the needs of the user, and communicating compound data in a comprehensible way. Also, they identify, implement, and assess business metrics that are essential to the end-users. Additionally, they may act as consultants to project teams providing them with recommendations for product or service improvement.
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 process analysts and business & finance analysts have different pay scales, as shown below.
| Business Process Analyst | Business & Finance Analyst | |
| Average salary | $78,215 | $70,514 |
| Salary range | Between $57,000 And $106,000 | Between $50,000 And $99,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Rhode Island | Washington |
| Best paying company | ||
| Best paying industry | Manufacturing | Finance |
There are a few differences between a business process analyst and a business & finance analyst in terms of educational background:
| Business Process Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between business process analysts' and business & finance analysts' demographics:
| Business Process Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 49.5% Female, 50.5% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% 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% |