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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 | Business Administrative Assistant | |
| Yearly salary | $37,926 | $38,994 |
| Hourly rate | $18.23 | $18.75 |
| Growth rate | -8% | -8% |
| Number of jobs | 118,749 | 101,678 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 55% |
| 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.
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 assistants and business administrative assistants have different pay scales, as shown below.
| Finance Assistant | Business Administrative Assistant | |
| Average salary | $37,926 | $38,994 |
| Salary range | Between $27,000 And $52,000 | Between $28,000 And $54,000 |
| Highest paying City | Washington, DC | Berkeley, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Boston Consulting Group | Goldman Sachs |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a finance assistant and a business administrative assistant in terms of educational background:
| Finance Assistant | Business Administrative Assistant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between finance assistants' and business administrative assistants' demographics:
| Finance Assistant | Business Administrative Assistant | |
| Average age | 50 | 50 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 12.2% Female, 87.8% |
| 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, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 65.9% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 6% | 6% |