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The differences between contract analysts and corporate 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 contract analyst and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a contract analyst include customer service, contract management and contract terms. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Contract Analyst | Corporate Finance Analyst | |
| Yearly salary | $54,544 | $76,023 |
| Hourly rate | $26.22 | $36.55 |
| Growth rate | 9% | 9% |
| Number of jobs | 58,593 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Contract analysts and corporate finance analysts have different pay scales, as shown below.
| Contract Analyst | Corporate Finance Analyst | |
| Average salary | $54,544 | $76,023 |
| Salary range | Between $39,000 And $74,000 | Between $52,000 And $109,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Michigan |
| Best paying company | AstraZeneca | |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a contract analyst and a corporate finance analyst in terms of educational background:
| Contract Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract analysts' and corporate finance analysts' demographics:
| Contract Analyst | Corporate Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 63.5% Female, 36.5% |
| Race ratio | 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% | 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 | 7% | 7% |