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The differences between finance analysts and control 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 control analyst. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $69,598 average annual salary of a control analyst.
The top three skills for a finance analyst include financial analysis, financial models and financial data. The most important skills for a control analyst are internal controls, risk assessments, and SOX.
| Finance Analyst | Control Analyst | |
| Yearly salary | $69,887 | $69,598 |
| Hourly rate | $33.60 | $33.46 |
| Growth rate | 9% | 11% |
| Number of jobs | 138,600 | 133,321 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 69% |
| Average age | 40 | 44 |
| 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 control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.
Finance analysts and control analysts have different pay scales, as shown below.
| Finance Analyst | Control Analyst | |
| Average salary | $69,887 | $69,598 |
| Salary range | Between $46,000 And $104,000 | Between $50,000 And $95,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Connecticut | Washington |
| Best paying company | The Citadel | Meta |
| Best paying industry | Finance | Energy |
There are a few differences between a finance analyst and a control analyst in terms of educational background:
| Finance Analyst | Control Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between finance analysts' and control analysts' demographics:
| Finance Analyst | Control Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 51.9% Female, 48.1% |
| 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, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.7% White, 66.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |