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The differences between finance administrators and administrators can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance administrator, becoming an administrator takes usually requires 1-2 years. Additionally, an administrator has an average salary of $72,882, which is higher than the $55,541 average annual salary of a finance administrator.
The top three skills for a finance administrator include customer service, financial aid and powerpoint. The most important skills for an administrator are customer service, data entry, and troubleshoot.
| Finance Administrator | Administrator | |
| Yearly salary | $55,541 | $72,882 |
| Hourly rate | $26.70 | $35.04 |
| Growth rate | 17% | 5% |
| Number of jobs | 130,256 | 67,553 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 56% |
| Average age | 46 | 43 |
| Years of experience | 8 | 2 |
A finance administrator is responsible for supporting the financial operations of an organization, handling the accuracy of financial transactions, and resolving discrepancies in the company's financial statements. Finance administrators analyze the company's financial performance, including its losses and revenues, writing financial reports, and providing recommendations for cost-reduction processes to minimize financial risks. They also handle the allocation of departmental budgets, assist in tax audits, and process invoices and payroll release. A finance administrator must have excellent analytical skills and an extensive knowledge of the financial industry.
Administrators are administrative professionals who oversee the whole office or department. They manage office activities and supervise administrative functions in the office. They work the office calendar and oversee the appointment-setting process. They coordinate office events and ensure that all preparations are made and that there are no conflicting schedules. They also maintain a database of external providers of various office needs. Administrators also oversee office supplies and prepare purchase requisitions. They also manage janitorial services and other functions that are related to the maintenance of the physical office space. Administrators ensure that all fixtures and equipment in the office are functioning well and have no problems.
Finance administrators and administrators have different pay scales, as shown below.
| Finance Administrator | Administrator | |
| Average salary | $55,541 | $72,882 |
| Salary range | Between $38,000 And $80,000 | Between $46,000 And $113,000 |
| Highest paying City | Dover, DE | San Francisco, CA |
| Highest paying state | Delaware | Washington |
| Best paying company | State Street | Apple |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a finance administrator and an administrator in terms of educational background:
| Finance Administrator | Administrator | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 56% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance administrators' and administrators' demographics:
| Finance Administrator | Administrator | |
| Average age | 46 | 43 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 36.0% Female, 64.0% |
| Race ratio | Black or African American, 7.7% Unknown, 4.1% Hispanic or Latino, 14.8% Asian, 9.2% White, 63.9% American Indian and Alaska Native, 0.3% | Black or African American, 8.9% Unknown, 5.1% Hispanic or Latino, 12.6% Asian, 8.8% White, 64.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 9% |