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The differences between contract finance analysts and administrative 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 finance analyst and an administrative analyst. Additionally, a contract finance analyst has an average salary of $64,424, which is higher than the $55,444 average annual salary of an administrative analyst.
The top three skills for a contract finance analyst include financial analysis, SQL and cost analysis. The most important skills for an administrative analyst are customer service, patients, and powerpoint.
| Contract Finance Analyst | Administrative Analyst | |
| Yearly salary | $64,424 | $55,444 |
| Hourly rate | $30.97 | $26.66 |
| Growth rate | 9% | 11% |
| Number of jobs | 103,192 | 91,598 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A contract finance analyst specializes in evaluating and managing contracts to help companies avoid financial losses and disputes. It is their duty to understand the needs and goals of a company, review contracts thoroughly, analyze the clauses and liabilities, negotiate contract terms, and recommend amendments on behalf of the clients. There are also instances where they must prepare and process documentation, maintain records, and provide departments with cost-effective methods to comply with the contract's obligations. Above all, a contract finance analyst must monitor every amendment and procedure.
An administrative analyst specializes in analyzing the company's processes and operations to come up with the best practices for the business. Their responsibilities revolve around conducting research and analysis through site inspections, surveys, interviews, and assessments. They must also coordinate with different department personnel to gather and examine data, ensuring that all processes are profitable and efficient. Furthermore, as an administrative analyst, it is essential to present findings and progress reports in adherence to the company's policies and regulations.
Contract finance analysts and administrative analysts have different pay scales, as shown below.
| Contract Finance Analyst | Administrative Analyst | |
| Average salary | $64,424 | $55,444 |
| Salary range | Between $44,000 And $93,000 | Between $37,000 And $81,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Great American Insurance | ConocoPhillips |
| Best paying industry | Finance | Technology |
There are a few differences between a contract finance analyst and an administrative analyst in terms of educational background:
| Contract Finance Analyst | Administrative Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract finance analysts' and administrative analysts' demographics:
| Contract Finance Analyst | Administrative Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 33.5% Female, 66.5% |
| 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, 8.5% Unknown, 4.5% Hispanic or Latino, 9.2% Asian, 11.4% White, 66.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |