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The differences between contract finance analysts and finance systems analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a contract finance analyst, becoming a finance systems analyst takes usually requires 4-6 years. Additionally, a finance systems analyst has an average salary of $85,795, 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 systems analyst are financial systems, hyperion, and customer service.
| Contract Finance Analyst | Finance Systems Analyst | |
| Yearly salary | $64,424 | $85,795 |
| Hourly rate | $30.97 | $41.25 |
| Growth rate | 9% | 9% |
| Number of jobs | 103,192 | 188,040 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Average age | 40 | 43 |
| Years of experience | 4 | 6 |
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 systems analyst specializes in overseeing the financial systems in a company or business. Their responsibilities revolve around producing reports and presentations, liaising with the information technology team, maintaining information on databases, and monitoring and updating the financial systems. One must also handle spreadsheets and other files, modify menus, troubleshoot errors, and teach the finance staff how to use all courses for a smooth workflow. Furthermore, it is essential to implement all policies and regulations, ensuring all files' security within the database.
Contract finance analysts and finance systems analysts have different pay scales, as shown below.
| Contract Finance Analyst | Finance Systems Analyst | |
| Average salary | $64,424 | $85,795 |
| Salary range | Between $44,000 And $93,000 | Between $63,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Great American Insurance | Apple |
| Best paying industry | Finance | Technology |
There are a few differences between a contract finance analyst and a finance systems analyst in terms of educational background:
| Contract Finance Analyst | Finance Systems Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract finance analysts' and finance systems analysts' demographics:
| Contract Finance Analyst | Finance Systems Analyst | |
| Average age | 40 | 43 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 55.7% Female, 44.3% |
| 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, 10.2% Unknown, 5.0% Hispanic or Latino, 11.0% Asian, 14.6% White, 59.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 8% |