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The differences between finance analysts and finance systems 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, becoming a finance systems analyst takes usually requires 4-6 years. Additionally, a finance systems analyst has an average salary of $85,795, 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 systems analyst are financial systems, hyperion, and customer service.
| Finance Analyst | Finance Systems Analyst | |
| Yearly salary | $69,887 | $85,795 |
| Hourly rate | $33.60 | $41.25 |
| Growth rate | 9% | 9% |
| Number of jobs | 138,600 | 188,040 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 73% |
| Average age | 40 | 43 |
| Years of experience | 4 | 6 |
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 systems analyst specializes in overseeing the financial systems in a company or business. Their responsibilities revolve around producing reports and presentations, liaising with the information technology team, maintaining information on databases, and monitoring and updating the financial systems. One must also handle spreadsheets and other files, modify menus, troubleshoot errors, and teach the finance staff how to use all courses for a smooth workflow. Furthermore, it is essential to implement all policies and regulations, ensuring all files' security within the database.
Finance analysts and finance systems analysts have different pay scales, as shown below.
| Finance Analyst | Finance Systems Analyst | |
| Average salary | $69,887 | $85,795 |
| Salary range | Between $46,000 And $104,000 | Between $63,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | The Citadel | Apple |
| Best paying industry | Finance | Technology |
There are a few differences between a finance analyst and a finance systems analyst in terms of educational background:
| Finance Analyst | Finance Systems Analyst | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 73% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analysts' and finance systems analysts' demographics:
| Finance Analyst | Finance Systems Analyst | |
| Average age | 40 | 43 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 55.7% Female, 44.3% |
| 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, 10.2% Unknown, 5.0% Hispanic or Latino, 11.0% Asian, 14.6% White, 59.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 8% |