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The differences between finance analysts and finance management 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 finance management analyst. Additionally, a finance management analyst has an average salary of $71,934, 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 finance management analyst are financial management, financial issues, and management reports.
| Finance Analyst | Finance Management Analyst | |
| Yearly salary | $69,887 | $71,934 |
| Hourly rate | $33.60 | $34.58 |
| Growth rate | 9% | 11% |
| Number of jobs | 138,600 | 184,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| 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 finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.
Finance analysts and finance management analysts have different pay scales, as shown below.
| Finance Analyst | Finance Management Analyst | |
| Average salary | $69,887 | $71,934 |
| Salary range | Between $46,000 And $104,000 | Between $49,000 And $104,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Connecticut | New York |
| Best paying company | The Citadel | Apple |
| Best paying industry | Finance | Government |
There are a few differences between a finance analyst and a finance management analyst in terms of educational background:
| Finance Analyst | Finance Management Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between finance analysts' and finance management analysts' demographics:
| Finance Analyst | Finance Management Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 54.2% Female, 45.8% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |