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Finance assistant vs business administrative assistant

The differences between finance assistants and business 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 a business administrative assistant. Additionally, a business administrative assistant has an average salary of $38,994, which is higher than the $37,926 average annual salary of a finance assistant.

The top three skills for a finance assistant include customer service, data entry and payroll. The most important skills for a business administrative assistant are powerpoint, data entry, and provides administrative support.

Finance assistant vs business administrative assistant overview

Finance AssistantBusiness Administrative Assistant
Yearly salary$37,926$38,994
Hourly rate$18.23$18.75
Growth rate-8%-8%
Number of jobs118,749101,678
Job satisfaction-2
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 55%
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 a business administrative assistant do?

A business administrative assistant is responsible for performing administrative and clerical duties to support business functions and operations. Business administrative assistants manage day-to-day business transactions by responding to clients' emails and phone calls, greeting guests, filing and submitting reports, scheduling appointments and business travels, monitoring inventories, and sending out communications across the organization as needed. They also operate the data management system for customer and client information reference by following strict protocols and data protection procedures.

Finance assistant vs business administrative assistant salary

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

Finance AssistantBusiness Administrative Assistant
Average salary$37,926$38,994
Salary rangeBetween $27,000 And $52,000Between $28,000 And $54,000
Highest paying CityWashington, DCBerkeley, CA
Highest paying stateConnecticutCalifornia
Best paying companyBoston Consulting GroupGoldman Sachs
Best paying industryManufacturingFinance

Differences between finance assistant and business administrative assistant education

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

Finance AssistantBusiness Administrative Assistant
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Finance assistant vs business administrative assistant demographics

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

Finance AssistantBusiness Administrative Assistant
Average age5050
Gender ratioMale, 24.9% Female, 75.1%Male, 12.2% Female, 87.8%
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, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 65.9% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between finance assistant and business 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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Business administrative assistant example responsibilities.

  • Manage special projects including creating PowerPoint presentations, providing budget information, and departmental planning.
  • Manage and develop the daily clinical schedule for the in-patient rehabilitation staff taking into consideration Medicare guidelines and staffing ratios.
  • Process payments for vendors utilizing QuickBooks.
  • Design effective PowerPoint presentations/handouts, working closely with senior management.
  • Produce payroll reports, verify payroll and electronically submit for processing.
  • Reconcile bank statements with QuickBooks systems and ensure all transactions are properly document.
  • Show more

Finance assistant vs business 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 business administrative assistant skills
  • PowerPoint, 11%
  • Data Entry, 10%
  • Provides Administrative Support, 8%
  • Expense Reports, 8%
  • Purchase Orders, 5%
  • Financial Reports, 5%

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