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The differences between finance assistants and business 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 assistant. Additionally, a business assistant has an average salary of $42,247, 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 assistant are customer service, patients, and data entry.
| Finance Assistant | Business Assistant | |
| Yearly salary | $37,926 | $42,247 |
| Hourly rate | $18.23 | $20.31 |
| Growth rate | -8% | -8% |
| Number of jobs | 118,749 | 98,348 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 58% |
| 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 assistant is responsible for supporting various office functions, performing administrative and clerical duties to ensure efficient and smooth business operations, and provide high-quality services to the customers and business partners. Business assistants handle data processing procedures, writing business transaction reports, and coordinating with suppliers and third-party vendors for any requests made by the company. They welcome visitors, verify their appointments, and direct them to the appropriate personnel or department for their business concerns. A business assistant also schedules a meeting, assist in accounting and human resources tasks, and support the executives on corporate decisions.
Finance assistants and business assistants have different pay scales, as shown below.
| Finance Assistant | Business Assistant | |
| Average salary | $37,926 | $42,247 |
| Salary range | Between $27,000 And $52,000 | Between $29,000 And $60,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Connecticut | Oregon |
| Best paying company | Boston Consulting Group | Whitney Museum of American Art |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a finance assistant and a business assistant in terms of educational background:
| Finance Assistant | Business Assistant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between finance assistants' and business assistants' demographics:
| Finance Assistant | Business Assistant | |
| Average age | 50 | 50 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 28.1% Female, 71.9% |
| 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, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.8% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 6% | 6% |