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The differences between finance analyst/accountants and junior 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 junior accountant. Additionally, a finance analyst/accountant has an average salary of $62,975, which is higher than the $50,444 average annual salary of a junior accountant.
The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.
| Finance Analyst/Accountant | Junior Accountant | |
| Yearly salary | $62,975 | $50,444 |
| Hourly rate | $30.28 | $24.25 |
| Growth rate | 6% | 6% |
| Number of jobs | 118,043 | 57,892 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| 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.
Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.
Finance analyst/accountants and junior accountants have different pay scales, as shown below.
| Finance Analyst/Accountant | Junior Accountant | |
| Average salary | $62,975 | $50,444 |
| Salary range | Between $47,000 And $84,000 | Between $38,000 And $66,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Citi | Fuhu |
| Best paying industry | Finance | Construction |
There are a few differences between a finance analyst/accountant and a junior accountant in terms of educational background:
| Finance Analyst/Accountant | Junior Accountant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analyst/accountants' and junior accountants' demographics:
| Finance Analyst/Accountant | Junior Accountant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.2% Female, 49.8% | Male, 39.6% Female, 60.4% |
| 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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 7% |