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Finance/administrative assistant vs business administrative assistant

The differences between finance/administrative assistants and business administrative assistants 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 a business administrative assistant. Additionally, a finance/administrative assistant has an average salary of $39,756, which is higher than the $38,994 average annual salary of a business administrative assistant.

The top three skills for a finance/administrative assistant include data entry, powerpoint and travel arrangements. The most important skills for a business administrative assistant are powerpoint, data entry, and provides administrative support.

Finance/administrative assistant vs business administrative assistant overview

Finance/Administrative AssistantBusiness Administrative Assistant
Yearly salary$39,756$38,994
Hourly rate$19.11$18.75
Growth rate-8%-8%
Number of jobs127,379101,678
Job satisfaction-2
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 55%
Average age5050
Years of experience22

What does a finance/administrative assistant do?

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.

What does a business administrative assistant do?

A business administrative assistant is responsible for performing administrative and clerical duties to support business functions and operations. Business administrative assistants manage day-to-day business transactions by responding to clients' emails and phone calls, greeting guests, filing and submitting reports, scheduling appointments and business travels, monitoring inventories, and sending out communications across the organization as needed. They also operate the data management system for customer and client information reference by following strict protocols and data protection procedures.

Finance/administrative assistant vs business administrative assistant salary

Finance/administrative assistants and business administrative assistants have different pay scales, as shown below.

Finance/Administrative AssistantBusiness Administrative Assistant
Average salary$39,756$38,994
Salary rangeBetween $29,000 And $52,000Between $28,000 And $54,000
Highest paying CityWashington, DCBerkeley, CA
Highest paying stateConnecticutCalifornia
Best paying companyTALENT Software ServicesGoldman Sachs
Best paying industryProfessionalFinance

Differences between finance/administrative assistant and business administrative assistant education

There are a few differences between a finance/administrative assistant and a business administrative assistant in terms of educational background:

Finance/Administrative AssistantBusiness Administrative Assistant
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Finance/administrative assistant vs business administrative assistant demographics

Here are the differences between finance/administrative assistants' and business administrative assistants' demographics:

Finance/Administrative AssistantBusiness Administrative Assistant
Average age5050
Gender ratioMale, 12.8% Female, 87.2%Male, 12.2% Female, 87.8%
Race ratioBlack 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, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 65.9% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between finance/administrative assistant and business administrative assistant duties and responsibilities

Finance/administrative assistant example responsibilities.

  • Initiate both domestic and international wire transfers as well as ACH payments to manage vendor payments.
  • Manage all AR, AP, sales orders, work orders, and prepay inventory reconciliation.
  • Orchestrate special events and reservations; manage customer relations and provide exemplary service to all customers.
  • Alphabetize, sort, files FAFSA's code, and assemble letters for mass mailing.
  • Help students and officials file and summit FAFSA application forms and develop and maintain spreadsheets for documenting cases.
  • Process accounts payable and receivable utilizing QuickBooks.
  • Show more

Business administrative assistant example responsibilities.

  • Manage special projects including creating PowerPoint presentations, providing budget information, and departmental planning.
  • Manage and develop the daily clinical schedule for the in-patient rehabilitation staff taking into consideration Medicare guidelines and staffing ratios.
  • Process payments for vendors utilizing QuickBooks.
  • Design effective PowerPoint presentations/handouts, working closely with senior management.
  • Produce payroll reports, verify payroll and electronically submit for processing.
  • Reconcile bank statements with QuickBooks systems and ensure all transactions are properly document.
  • Show more

Finance/administrative assistant vs business administrative assistant skills

Common finance/administrative assistant skills
  • Data Entry, 11%
  • PowerPoint, 10%
  • Travel Arrangements, 7%
  • Purchase Orders, 6%
  • Financial Aid, 5%
  • Expense Reports, 5%
Common business administrative assistant skills
  • PowerPoint, 11%
  • Data Entry, 10%
  • Provides Administrative Support, 8%
  • Expense Reports, 8%
  • Purchase Orders, 5%
  • Financial Reports, 5%

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