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Finance analyst-operations finance vs business & finance analyst

The differences between finances analyst-operations finances and business & 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-operations finance and a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, which is higher than the $67,736 average annual salary of a finance analyst-operations finance.

The top three skills for a finance analyst-operations finance include financial analysis, financial operations and data analysis. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.

Finance analyst-operations finance vs business & finance analyst overview

Finance Analyst-Operations FinanceBusiness & Finance Analyst
Yearly salary$67,736$70,514
Hourly rate$32.57$33.90
Growth rate9%9%
Number of jobs144,067168,111
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a finance analyst-operations finance do?

Financial analysts are professionals who are in charge of the financial operations of businesses. The analysts analyze results, monitor variances, determine trends, and suggest management-related actions to improve corporate finances. They reconcile transactions through data comparison and correction. It is their duty to maintain the database through data input, verification, and backup. They produce presentations restating fiscal information used by supervisors, administrators, and others. This position requires skills in financial reporting, management, communications skills, and accounting qualification.

What does a business & finance analyst do?

A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.

Finance analyst-operations finance vs business & finance analyst salary

Finances analyst-operations finances and business & finance analysts have different pay scales, as shown below.

Finance Analyst-Operations FinanceBusiness & Finance Analyst
Average salary$67,736$70,514
Salary rangeBetween $42,000 And $108,000Between $50,000 And $99,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaWashington
Best paying companyMetaGoogle
Best paying industryPharmaceuticalFinance

Differences between finance analyst-operations finance and business & finance analyst education

There are a few differences between a finance analyst-operations finance and a business & finance analyst in terms of educational background:

Finance Analyst-Operations FinanceBusiness & Finance Analyst
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance analyst-operations finance vs business & finance analyst demographics

Here are the differences between finances analyst-operations finances' and business & finance analysts' demographics:

Finance Analyst-Operations FinanceBusiness & Finance Analyst
Average age4040
Gender ratioMale, 58.4% Female, 41.6%Male, 55.6% Female, 44.4%
Race ratioBlack 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 Percentage7%7%

Differences between finance analyst-operations finance and business & finance analyst duties and responsibilities

Finance analyst-operations finance example responsibilities.

  • Lead HFM and Essbase implementation efforts, including training of field and headquarters personnel.
  • Work with capital project leads to ensure timely project closures, compliance with GAAP, and accurate recognition of depreciation expense.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Administer the completion of monthly and quarterly payroll schedules with variance explanations for senior management in HFM (Hyperion).
  • Utilize data manipulation tools such as SQL to aid in root cause analysis and solution identification.
  • Assist accounting with GAAP requirements and annual audit reporting (capital leases, unearn income, defer rent).
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Business & finance analyst example responsibilities.

  • Manage and maintain DCAA approve accrual record keeping system while maintaining GAAP standards.
  • Lead company in Essbase implementation and developing a centralize and standardize reporting process.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Conduct data analysis using SQL.
  • Manipulate and run labor reports weekly using Hyperion for account financial measures and assumptions.
  • Analyze huge sets of data using SQL and excel for ensuring data quality and issues.
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Finance analyst-operations finance vs business & finance analyst skills

Common finance analyst-operations finance skills
  • Financial Analysis, 9%
  • Financial Operations, 6%
  • Data Analysis, 6%
  • Customer Service, 5%
  • Strong Analytical, 5%
  • Project Management, 5%
Common business & finance analyst skills
  • Financial Analysis, 13%
  • Business Analysis, 6%
  • Shared Services, 5%
  • Financial Data, 4%
  • Strong Analytical, 4%
  • Process Improvement, 4%

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