Buying analyst vs finance management analyst

The differences between buying analysts and finance management analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a buying analyst, becoming a finance management analyst takes usually requires 2-4 years. Additionally, a buying analyst has an average salary of $77,425, which is higher than the $71,934 average annual salary of a finance management analyst.

The top three skills for a buying analyst include purchase orders, delivery schedules and MRP. The most important skills for a finance management analyst are financial management, financial issues, and management reports.

Buying analyst vs finance management analyst overview

	Buying Analyst	Finance Management Analyst
Yearly salary	$77,425	$71,934
Hourly rate	$37.22	$34.58
Growth rate	11%	11%
Number of jobs	22,966	184,284
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Average age	48	44
Years of experience	6	4

What does a buying analyst do?

A buying analyst specializes in conducting extensive market research and analysis to develop conclusions and recommendations that will help companies in making purchase decisions. They focus on studying the suppliers and competing companies, gathering and analyzing consumer feedback, performing audits and risk assessments, and making forecast models. They may also assess and evaluate external parties, such as vendors and distributors. Through the findings of their research, a buying analyst may also help in establishing guidelines, protocols, and methods to optimize business operations and develop solutions against problem areas.

What does a finance management analyst do?

A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.

Buying analyst vs finance management analyst salary

Buying analysts and finance management analysts have different pay scales, as shown below.

	Buying Analyst	Finance Management Analyst
Average salary	$77,425	$71,934
Salary range	Between $52,000 And $113,000	Between $49,000 And $104,000
Highest paying City	Palo Alto, CA	Washington, DC
Highest paying state	Washington	New York
Best paying company	YellowHammer	Apple
Best paying industry	Finance	Government

Differences between buying analyst and finance management analyst education

There are a few differences between a buying analyst and a finance management analyst in terms of educational background:

	Buying Analyst	Finance Management Analyst
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Buying analyst vs finance management analyst demographics

Here are the differences between buying analysts' and finance management analysts' demographics:

	Buying Analyst	Finance Management Analyst
Average age	48	44
Gender ratio	Male, 52.2% Female, 47.8%	Male, 54.2% Female, 45.8%
Race ratio	Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.4% White, 65.9% American Indian and Alaska Native, 0.8%	Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2%
LGBT Percentage	7%	12%

Differences between buying analyst and finance management analyst duties and responsibilities

Buying analyst example responsibilities.

Support the implementation of vendor manage inventory programs for MRO relate commodities.
Develop, implement and control MRO relate commodities cost saving initiatives in alignment with business unit goals.
Submit, receive and analyze RFQ.
Request RFP's and negotiate contracts.
Champion order fulfillment, business development, order placement, vendor relations, and MRP planning.
Handle MRO buying, as well as coding invoices so that correct account center is hit.

Finance management analyst example responsibilities.

Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
Review DTS authorizations for every traveler belonging to AEC.
Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
Maintain accounting practices for the ambulatory surgery center in QuickBooks.

Buying analyst vs finance management analyst skills

Common buying analyst skills

Purchase Orders, 20%
Delivery Schedules, 6%
MRP, 6%
Expedite, 5%
Cost Savings, 5%
Lean Manufacturing, 4%

Common finance management analyst skills

Financial Management, 13%
Financial Issues, 10%
Management Reports, 9%
Financial Policies, 9%
DOD, 9%
Budget Estimates, 8%

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Buying Analyst
Buying Analyst vs Finance Management Analyst

Updated January 8, 2025

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