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The differences between finance analysts and business & 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 and a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a finance analyst include financial analysis, financial models and financial data. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Finance Analyst | Business & Finance Analyst | |
| Yearly salary | $69,887 | $70,514 |
| Hourly rate | $33.60 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 138,600 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Finance analysts and business & finance analysts have different pay scales, as shown below.
| Finance Analyst | Business & Finance Analyst | |
| Average salary | $69,887 | $70,514 |
| Salary range | Between $46,000 And $104,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Finance | Finance |
There are a few differences between a finance analyst and a business & finance analyst in terms of educational background:
| Finance Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analysts' and business & finance analysts' demographics:
| Finance Analyst | Business & Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 55.6% Female, 44.4% |
| Race ratio | 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% | 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% |