Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between contract finance analysts and contract 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 a contract analyst. Additionally, a contract finance analyst has an average salary of $64,424, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a contract finance analyst include financial analysis, SQL and cost analysis. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Contract Finance Analyst | Contract Analyst | |
| Yearly salary | $64,424 | $54,544 |
| Hourly rate | $30.97 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 103,192 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| 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.
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.
Contract finance analysts and contract analysts have different pay scales, as shown below.
| Contract Finance Analyst | Contract Analyst | |
| Average salary | $64,424 | $54,544 |
| Salary range | Between $44,000 And $93,000 | Between $39,000 And $74,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Great American Insurance | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a contract finance analyst and a contract analyst in terms of educational background:
| Contract Finance Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract finance analysts' and contract analysts' demographics:
| Contract Finance Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 41.2% Female, 58.8% |
| 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% |