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The differences between corporate accountants and corporate finance 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 corporate accountant and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $64,300 average annual salary of a corporate accountant.
The top three skills for a corporate accountant include reconciliations, GAAP and account reconciliations. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Corporate Accountant | Corporate Finance Analyst | |
| Yearly salary | $64,300 | $76,023 |
| Hourly rate | $30.91 | $36.55 |
| Growth rate | 6% | 9% |
| Number of jobs | 54,174 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A corporate accountant is an individual who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization. They must collect ledgers and financial reports from divisional offices and prepare corporate financial statements for executives. Corporate accountants must also prepare budgets to allocate funds for spending for each department.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Corporate accountants and corporate finance analysts have different pay scales, as shown below.
| Corporate Accountant | Corporate Finance Analyst | |
| Average salary | $64,300 | $76,023 |
| Salary range | Between $46,000 And $89,000 | Between $52,000 And $109,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New York | Michigan |
| Best paying company | Putnam Investments | |
| Best paying industry | Finance | Finance |
There are a few differences between a corporate accountant and a corporate finance analyst in terms of educational background:
| Corporate Accountant | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between corporate accountants' and corporate finance analysts' demographics:
| Corporate Accountant | Corporate Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 63.5% Female, 36.5% |
| Race ratio | Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 13.0% White, 63.0% American Indian and Alaska Native, 0.5% | 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% |