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The differences between control accountants and business 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 control accountant and a business management analyst. Additionally, a business management analyst has an average salary of $69,743, which is higher than the $66,563 average annual salary of a control accountant.
The top three skills for a control accountant include reconciliations, general ledger accounts and payroll taxes. The most important skills for a business management analyst are project management, CRM, and business analysis.
| Control Accountant | Business Management Analyst | |
| Yearly salary | $66,563 | $69,743 |
| Hourly rate | $32.00 | $33.53 |
| Growth rate | 6% | 11% |
| Number of jobs | 75,702 | 203,737 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A Control Accountant is in charge of managing a company's accounting records and spearheads the development of financial reports. Although the extent of their responsibilities depends on their place or industry of employment, it typically includes coordinating with different teams to gather and analyze data, conduct audits and risk analyses, monitor budgets and expenditures, review documents and other transactions and develop strategies to optimize operations. A Control Accountant leads and encourages staff to reach goals while implementing the company's policies and regulations.
A business management analyst specializes in conducting economic research and analysis to provide essential data that will help companies to develop better procedures and services. Moreover, their responsibilities typically revolve around evaluating existing processes and systems to look for areas in need of improvement, identifying issues and providing corrective measures, facilitating meetings and presentations, documenting and processing results, and maintaining an accurate record of data and transactions. Furthermore, it is essential to implement all policies and regulations, all while encouraging the team to reach goals and improve performance.
Control accountants and business management analysts have different pay scales, as shown below.
| Control Accountant | Business Management Analyst | |
| Average salary | $66,563 | $69,743 |
| Salary range | Between $48,000 And $91,000 | Between $49,000 And $98,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Marathon Oil | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a control accountant and a business management analyst in terms of educational background:
| Control Accountant | Business Management Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between control accountants' and business management analysts' demographics:
| Control Accountant | Business Management Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 49.2% Female, 50.8% | Male, 51.4% Female, 48.6% |
| Race ratio | Black or African American, 8.8% Unknown, 4.0% Hispanic or Latino, 11.2% Asian, 12.1% White, 63.4% American Indian and Alaska Native, 0.5% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |