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The differences between finance analysts and corporate 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 corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, 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 corporate finance analyst are financial analysis, strong analytical, and financial models.
| Finance Analyst | Corporate Finance Analyst | |
| Yearly salary | $69,887 | $76,023 |
| Hourly rate | $33.60 | $36.55 |
| Growth rate | 9% | 9% |
| Number of jobs | 138,600 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 76% |
| 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.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Finance analysts and corporate finance analysts have different pay scales, as shown below.
| Finance Analyst | Corporate Finance Analyst | |
| Average salary | $69,887 | $76,023 |
| Salary range | Between $46,000 And $104,000 | Between $52,000 And $109,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | Michigan |
| Best paying company | The Citadel | |
| Best paying industry | Finance | Finance |
There are a few differences between a finance analyst and a corporate finance analyst in terms of educational background:
| Finance Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analysts' and corporate finance analysts' demographics:
| Finance Analyst | Corporate Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 63.5% Female, 36.5% |
| 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% |