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The differences between contract finance analysts and staff 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 staff analyst. Additionally, a staff analyst has an average salary of $99,158, 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 staff analyst are project management, process improvement, and technical support.
| Contract Finance Analyst | Staff Analyst | |
| Yearly salary | $64,424 | $99,158 |
| Hourly rate | $30.97 | $47.67 |
| Growth rate | 9% | 11% |
| Number of jobs | 103,192 | 174,178 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| 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.
Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have. They also assess the current roles in the company to see if those roles are really needed. Staff Analysts ensure that the manpower allocation in the company is efficient. They analyze staff-related data to check whether there are more areas for improvement. Staff Analysts may also be assigned to come up with projects related to improving productivity.
Contract finance analysts and staff analysts have different pay scales, as shown below.
| Contract Finance Analyst | Staff Analyst | |
| Average salary | $64,424 | $99,158 |
| Salary range | Between $44,000 And $93,000 | Between $71,000 And $136,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Great American Insurance | Bayer |
| Best paying industry | Finance | Technology |
There are a few differences between a contract finance analyst and a staff analyst in terms of educational background:
| Contract Finance Analyst | Staff Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract finance analysts' and staff analysts' demographics:
| Contract Finance Analyst | Staff Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 47.6% Female, 52.4% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.1% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |