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The differences between contract finance analysts and 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 analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $64,424 average annual salary of a contract finance analyst.
The top three skills for a contract finance analyst include financial analysis, SQL and cost analysis. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Contract Finance Analyst | Analyst | |
| Yearly salary | $64,424 | $73,007 |
| Hourly rate | $30.97 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 103,192 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| 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.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Contract finance analysts and analysts have different pay scales, as shown below.
| Contract Finance Analyst | Analyst | |
| Average salary | $64,424 | $73,007 |
| Salary range | Between $44,000 And $93,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Great American Insurance | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a contract finance analyst and an analyst in terms of educational background:
| Contract Finance Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract finance analysts' and analysts' demographics:
| Contract Finance Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 52.4% Female, 47.6% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |