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The differences between finance analyst/accountants and general accountants 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 general accountant. Additionally, a finance analyst/accountant has an average salary of $62,975, which is higher than the $55,043 average annual salary of a general accountant.
The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for a general accountant are financial data, reconciliations, and cash handling.
| Finance Analyst/Accountant | General Accountant | |
| Yearly salary | $62,975 | $55,043 |
| Hourly rate | $30.28 | $26.46 |
| Growth rate | 6% | 6% |
| Number of jobs | 118,043 | 87,663 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Average age | 44 | 44 |
| 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 general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.
Finance analyst/accountants and general accountants have different pay scales, as shown below.
| Finance Analyst/Accountant | General Accountant | |
| Average salary | $62,975 | $55,043 |
| Salary range | Between $47,000 And $84,000 | Between $40,000 And $73,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New Jersey |
| Best paying company | Citi | Apple |
| Best paying industry | Finance | Automotive |
There are a few differences between a finance analyst/accountant and a general accountant in terms of educational background:
| Finance Analyst/Accountant | General Accountant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analyst/accountants' and general accountants' demographics:
| Finance Analyst/Accountant | General Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.2% Female, 49.8% | Male, 43.1% Female, 56.9% |
| 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, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |