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The differences between commissions analysts and 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 commissions analyst and a finance analyst. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $57,373 average annual salary of a commissions analyst.
The top three skills for a commissions analyst include calculation, payroll and salesforce. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Commissions Analyst | Finance Analyst | |
| Yearly salary | $57,373 | $69,887 |
| Hourly rate | $27.58 | $33.60 |
| Growth rate | 11% | 9% |
| Number of jobs | 66,303 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A commission analyst is responsible for reviewing financial information and reviewing account statements to post accurate updates on the company's database. Commission analysts assess financial and business transactions, write cost analysis reports, and perform account reconciliation procedures. They also resolve billing discrepancies and identify opportunities to minimize financial loss and increase revenues. A commission analyst must have excellent communication and analytical skills, as well as extensive knowledge of the financial industry, verifying the accuracy of account information, and validating commission reports.
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.
Commissions analysts and finance analysts have different pay scales, as shown below.
| Commissions Analyst | Finance Analyst | |
| Average salary | $57,373 | $69,887 |
| Salary range | Between $40,000 And $80,000 | Between $46,000 And $104,000 |
| Highest paying City | Freehold, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Meta | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a commissions analyst and a finance analyst in terms of educational background:
| Commissions Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between commissions analysts' and finance analysts' demographics:
| Commissions Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 36.5% Female, 63.5% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.3% Asian, 11.7% White, 65.7% 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% |