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The differences between finance assistants and administrative assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a finance assistant and an administrative assistant. Additionally, a finance assistant has an average salary of $37,926, which is higher than the $34,945 average annual salary of an administrative assistant.
The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for an administrative assistant are customer service, data entry, and powerpoint.
| Finance Assistant | Administrative Assistant | |
| Yearly salary | $37,926 | $34,945 |
| Hourly rate | $18.23 | $16.80 |
| Growth rate | -8% | -8% |
| Number of jobs | 118,749 | 65,769 |
| Job satisfaction | - | 4.14 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 47% |
| Average age | 50 | 50 |
| Years of experience | 2 | 2 |
A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.
Administrative assistants, or admin assistants, do general clerical and administrative activities. Their duties involve organizing and maintaining files and records, preparing documents, scheduling meetings and appointments, and providing general support in the office. Administrative assistants handle incoming and outgoing official correspondences, take minutes of important meetings and manage calls to the main office number. They also assist executives in providing structure to their day by managing their schedule, drafting e-mails, and other activities that executives may need assistance in. Administrative assistants should have the following skills: organizing, business writing, decision-making, and communication.
Finance assistants and administrative assistants have different pay scales, as shown below.
| Finance Assistant | Administrative Assistant | |
| Average salary | $37,926 | $34,945 |
| Salary range | Between $27,000 And $52,000 | Between $26,000 And $46,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Boston Consulting Group | Westfield State University |
| Best paying industry | Manufacturing | - |
There are a few differences between a finance assistant and an administrative assistant in terms of educational background:
| Finance Assistant | Administrative Assistant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 47% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between finance assistants' and administrative assistants' demographics:
| Finance Assistant | Administrative Assistant | |
| Average age | 50 | 50 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 12.7% Female, 87.3% |
| Race ratio | Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7% | Black or African American, 9.2% Unknown, 3.9% Hispanic or Latino, 16.0% Asian, 3.8% White, 66.4% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 6% | 6% |