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The differences between commercial analysts and finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial analyst, becoming a finance analyst takes usually requires 2-4 years. Additionally, a commercial analyst has an average salary of $83,036, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a commercial analyst include portfolio, data analysis and financial statements. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Commercial Analyst | Finance Analyst | |
| Yearly salary | $83,036 | $69,887 |
| Hourly rate | $39.92 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 54,953 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| Average age | 39 | 40 |
| Years of experience | 2 | 4 |
A commercial analyst is responsible for evaluating the performance of business operations in the market, including consumer demands and sales analysis. Commercial analysts monitor the market trends, identifying business opportunities that would generate more revenue resources for the business, as well as developing strategic approaches to attract potential clients and maintain long-lasting business relationships. They also manage the company's financial stability, reviewing competitors' activities, and recommending methods to maximize production operations and achieve the highest customer satisfaction.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Commercial analysts and finance analysts have different pay scales, as shown below.
| Commercial Analyst | Finance Analyst | |
| Average salary | $83,036 | $69,887 |
| Salary range | Between $60,000 And $114,000 | Between $46,000 And $104,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Meta | The Citadel |
| Best paying industry | Energy | Finance |
There are a few differences between a commercial analyst and a finance analyst in terms of educational background:
| Commercial Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial analysts' and finance analysts' demographics:
| Commercial Analyst | Finance Analyst | |
| Average age | 39 | 40 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.5% 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% |