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The differences between finance analyst/accountants and 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 finance analyst. Additionally, a finance analyst has an average salary of $69,887, 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 finance analyst are financial analysis, financial models, and financial data.
| Finance Analyst/Accountant | Finance Analyst | |
| Yearly salary | $62,975 | $69,887 |
| Hourly rate | $30.28 | $33.60 |
| Growth rate | 6% | 9% |
| Number of jobs | 118,043 | 138,600 |
| 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.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Finance analyst/accountants and finance analysts have different pay scales, as shown below.
| Finance Analyst/Accountant | Finance Analyst | |
| Average salary | $62,975 | $69,887 |
| Salary range | Between $47,000 And $84,000 | Between $46,000 And $104,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | Citi | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a finance analyst/accountant and a finance analyst in terms of educational background:
| Finance Analyst/Accountant | 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 finance analysts' demographics:
| Finance Analyst/Accountant | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 50.2% Female, 49.8% | Male, 56.2% Female, 43.8% |
| 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% |