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The differences between finance analysts and management accounts managers 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 management accounts manager takes usually requires 6-8 years. Additionally, a management accounts manager has an average salary of $91,681, 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 management accounts manager are customer service, client facing, and project management.
| Finance Analyst | Management Accounts Manager | |
| Yearly salary | $69,887 | $91,681 |
| Hourly rate | $33.60 | $44.08 |
| Growth rate | 9% | 17% |
| Number of jobs | 138,600 | 113,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 69% |
| Average age | 40 | 46 |
| Years of experience | 4 | 8 |
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 management accounts manager is responsible for maintaining healthy business relationships with clients by handling their project accounts, improving account management procedures, and identifying business opportunities that would generate more revenue resources for the company. Management accounts managers compile portfolio reports, including how the client's account performs in the market and its financial stability. They also negotiate contracts, settle terms and agreements, and ensure the highest customer experience by implementing strategic plans to enhance the company's services.
Finance analysts and management accounts managers have different pay scales, as shown below.
| Finance Analyst | Management Accounts Manager | |
| Average salary | $69,887 | $91,681 |
| Salary range | Between $46,000 And $104,000 | Between $66,000 And $125,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| 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 management accounts manager in terms of educational background:
| Finance Analyst | Management Accounts Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance analysts' and management accounts managers' demographics:
| Finance Analyst | Management Accounts Manager | |
| Average age | 40 | 46 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 48.6% Female, 51.4% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 11% |