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The differences between finance analyst/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 finance analyst/accountant and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $62,975 average annual salary of a finance analyst/accountant.
The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Finance Analyst/Accountant | Corporate Finance Analyst | |
| Yearly salary | $62,975 | $76,023 |
| Hourly rate | $30.28 | $36.55 |
| Growth rate | 6% | 9% |
| Number of jobs | 118,043 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently. They also conduct research and analysis to identify new business opportunities, evaluate the existing procedures to determine its strengths and weaknesses, and recommend solutions to optimize operations for financial growth. Furthermore, as a finance analyst/accountant, it is essential to uphold the company's policies and regulations, including its vision and mission.
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.
Finance analyst/accountants and corporate finance analysts have different pay scales, as shown below.
| Finance Analyst/Accountant | Corporate Finance Analyst | |
| Average salary | $62,975 | $76,023 |
| Salary range | Between $47,000 And $84,000 | Between $52,000 And $109,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Michigan |
| Best paying company | Citi | |
| Best paying industry | Finance | Finance |
There are a few differences between a finance analyst/accountant and a corporate finance analyst in terms of educational background:
| Finance Analyst/Accountant | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analyst/accountants' and corporate finance analysts' demographics:
| Finance Analyst/Accountant | Corporate Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 50.2% Female, 49.8% | Male, 63.5% Female, 36.5% |
| Race ratio | Black or African American, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 17.0% White, 60.6% 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% |