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The differences between contract finance analysts and finance management 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 finance management analyst. Additionally, a finance management analyst has an average salary of $71,934, 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 a finance management analyst are financial management, financial issues, and management reports.
| Contract Finance Analyst | Finance Management Analyst | |
| Yearly salary | $64,424 | $71,934 |
| Hourly rate | $30.97 | $34.58 |
| Growth rate | 9% | 11% |
| Number of jobs | 103,192 | 184,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| 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.
A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.
Contract finance analysts and finance management analysts have different pay scales, as shown below.
| Contract Finance Analyst | Finance Management Analyst | |
| Average salary | $64,424 | $71,934 |
| Salary range | Between $44,000 And $93,000 | Between $49,000 And $104,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Connecticut | New York |
| Best paying company | Great American Insurance | Apple |
| Best paying industry | Finance | Government |
There are a few differences between a contract finance analyst and a finance management analyst in terms of educational background:
| Contract Finance Analyst | Finance Management Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract finance analysts' and finance management analysts' demographics:
| Contract Finance Analyst | Finance Management Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 54.2% Female, 45.8% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |