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The differences between business process consultants 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 consultant and a business & finance analyst. Additionally, a business process consultant has an average salary of $105,943, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a business process consultant include project management, lean six sigma and sigma. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Process Consultant | Business & Finance Analyst | |
| Yearly salary | $105,943 | $70,514 |
| Hourly rate | $50.93 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 142,082 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
Business Process Consultants are individual contributors whose services are often needed by companies. They usually have extensive experience in business and consulting. They have high business acumen and are updated on the current trends in business. Business process consultants help the company document their processes, usually related to main operations, finance, or human resources. Business process consultants study the company's processes, identify possible gaps or opportunities for improvement, and recommend the company's alternatives. They usually find more efficient ways to perform business-related activities to streamline their processes and possibly save up on costs.
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 consultants and business & finance analysts have different pay scales, as shown below.
| Business Process Consultant | Business & Finance Analyst | |
| Average salary | $105,943 | $70,514 |
| Salary range | Between $77,000 And $144,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | ZS | |
| Best paying industry | Technology | Finance |
There are a few differences between a business process consultant and a business & finance analyst in terms of educational background:
| Business Process Consultant | 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 consultants' and business & finance analysts' demographics:
| Business Process Consultant | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 52.1% Female, 47.9% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 13.8% 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% |