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Finance assistant vs administrative assistant

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 vs administrative assistant overview

Finance AssistantAdministrative Assistant
Yearly salary$37,926$34,945
Hourly rate$18.23$16.80
Growth rate-8%-8%
Number of jobs118,74965,769
Job satisfaction-4.14
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 47%
Average age5050
Years of experience22

What does a finance assistant do?

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.

What does an administrative assistant do?

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 assistant vs administrative assistant salary

Finance assistants and administrative assistants have different pay scales, as shown below.

Finance AssistantAdministrative Assistant
Average salary$37,926$34,945
Salary rangeBetween $27,000 And $52,000Between $26,000 And $46,000
Highest paying CityWashington, DCSan Francisco, CA
Highest paying stateConnecticutCalifornia
Best paying companyBoston Consulting GroupWestfield State University
Best paying industryManufacturing-

Differences between finance assistant and administrative assistant education

There are a few differences between a finance assistant and an administrative assistant in terms of educational background:

Finance AssistantAdministrative Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 47%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Finance assistant vs administrative assistant demographics

Here are the differences between finance assistants' and administrative assistants' demographics:

Finance AssistantAdministrative Assistant
Average age5050
Gender ratioMale, 24.9% Female, 75.1%Male, 12.7% Female, 87.3%
Race ratioBlack 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 Percentage6%6%

Differences between finance assistant and administrative assistant duties and responsibilities

Finance assistant example responsibilities.

  • Manage finance operations of assign USPS location.
  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Maintain cash receipts and disbursement records using QuickBooks and prepare bank reconciliations.
  • Provide emergency Medicaid screening for undocument patients, and perform necessary follow-up calls pertaining to NYC Medicaid applications.
  • Interpret information requests and correspond with patients and agencies in accordance with hospital, state and HIPAA regulations.
  • Schedule appointments, request prior authorization with appropriate CPT and ICD-9 codes, coordinate surgeries, procedures, etc.
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Administrative assistant example responsibilities.

  • Manage time and attendance using Kronos software for entire department.
  • Participate in national projects, manage new customer conversions to MCI from other carriers.
  • Manage FEDEX delivery requirements ensuring compliance with company policy.
  • Manage and update social media outlets including Facebook and LinkedIn.
  • Manage company finances using QuickBooks software, including monitoring the operating budget and collecting on unpaid invoices.
  • Manage and develop the daily clinical schedule for the in-patient rehabilitation staff taking into consideration Medicare guidelines and staffing ratios.
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Finance assistant vs administrative assistant skills

Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%
Common administrative assistant skills
  • Customer Service, 14%
  • Data Entry, 11%
  • PowerPoint, 6%
  • Travel Arrangements, 5%
  • Database Management, 5%
  • Word Processing, 5%

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