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The differences between finance/administrative assistants and administrative associates can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a finance/administrative assistant and an administrative associate. Additionally, a finance/administrative assistant has an average salary of $39,756, which is higher than the $34,873 average annual salary of an administrative associate.
The top three skills for a finance/administrative assistant include data entry, powerpoint and travel arrangements. The most important skills for an administrative associate are administrative tasks, purchase orders, and customer service.
| Finance/Administrative Assistant | Administrative Associate | |
| Yearly salary | $39,756 | $34,873 |
| Hourly rate | $19.11 | $16.77 |
| Growth rate | -8% | -8% |
| Number of jobs | 127,379 | 54,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 57% |
| Average age | 50 | 50 |
| Years of experience | 2 | 2 |
A finance administrative assistant is responsible for performing clerical duties and basic bookkeeping tasks to support financial operations under the supervision of financial executives. Finance administrative assistants generate financial and business reports, update account information on the database, assist with payroll release, and help the accounting staff in resolving financial discrepancies and disputes. They also reach out to the clients for payments and billing, respond to their inquiries and concerns, and escalate their complaints to the supervisor for immediate resolution.
An administrative associate is responsible for performing various tasks such as handling and processing paperwork, attending meetings and preparing minutes, responding to inquiries and other forms of correspondence, keeping accurate records, updating databases, and monitoring the company's financial activities. They also communicate with various department personnel, ensuring coordination should any important matter would arise. Furthermore, as an administrative associate, they are in charge of procuring supplies, implementing company policies, and supporting any staff members if needed.
Finance/administrative assistants and administrative associates have different pay scales, as shown below.
| Finance/Administrative Assistant | Administrative Associate | |
| Average salary | $39,756 | $34,873 |
| Salary range | Between $29,000 And $52,000 | Between $23,000 And $51,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Connecticut | New York |
| Best paying company | TALENT Software Services | Lord Abbett |
| Best paying industry | Professional | Finance |
There are a few differences between a finance/administrative assistant and an administrative associate in terms of educational background:
| Finance/Administrative Assistant | Administrative Associate | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 57% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between finance/administrative assistants' and administrative associates' demographics:
| Finance/Administrative Assistant | Administrative Associate | |
| Average age | 50 | 50 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 21.6% Female, 78.4% |
| Race ratio | Black or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.8% American Indian and Alaska Native, 0.7% | Black or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.8% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 6% | 6% |