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The differences between finance analyst/accountants and tax analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a finance analyst/accountant, becoming a tax analyst takes usually requires 1-2 years. Additionally, a finance analyst/accountant has an average salary of $62,975, which is higher than the $61,745 average annual salary of a tax analyst.
The top three skills for a finance analyst/accountant include reconciliations, financial analysis and general ledger accounts. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.
| Finance Analyst/Accountant | Tax Analyst | |
| Yearly salary | $62,975 | $61,745 |
| Hourly rate | $30.28 | $29.69 |
| Growth rate | 6% | -7% |
| Number of jobs | 118,043 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Average age | 44 | 48 |
| Years of experience | 4 | 2 |
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 tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Finance analyst/accountants and tax analysts have different pay scales, as shown below.
| Finance Analyst/Accountant | Tax Analyst | |
| Average salary | $62,975 | $61,745 |
| Salary range | Between $47,000 And $84,000 | Between $43,000 And $87,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Maine |
| Best paying company | Citi | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a finance analyst/accountant and a tax analyst in terms of educational background:
| Finance Analyst/Accountant | Tax Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 70% |
| Most common major | Accounting | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between finance analyst/accountants' and tax analysts' demographics:
| Finance Analyst/Accountant | Tax Analyst | |
| Average age | 44 | 48 |
| Gender ratio | Male, 50.2% Female, 49.8% | Male, 42.9% Female, 57.1% |
| 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 8% |