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The differences between finance assistants and finance/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 finance/administrative assistant. Additionally, a finance/administrative assistant has an average salary of $39,756, 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 finance/administrative assistant are data entry, powerpoint, and travel arrangements.
| Finance Assistant | Finance/Administrative Assistant | |
| Yearly salary | $37,926 | $39,756 |
| Hourly rate | $18.23 | $19.11 |
| Growth rate | -8% | -8% |
| Number of jobs | 118,749 | 127,379 |
| Job satisfaction | - | - |
| 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 finance administrative assistant is responsible for performing clerical duties and basic bookkeeping tasks to support financial operations under the supervision of financial executives. Finance administrative assistants generate financial and business reports, update account information on the database, assist with payroll release, and help the accounting staff in resolving financial discrepancies and disputes. They also reach out to the clients for payments and billing, respond to their inquiries and concerns, and escalate their complaints to the supervisor for immediate resolution.
Finance assistants and finance/administrative assistants have different pay scales, as shown below.
| Finance Assistant | Finance/Administrative Assistant | |
| Average salary | $37,926 | $39,756 |
| Salary range | Between $27,000 And $52,000 | Between $29,000 And $52,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | Boston Consulting Group | TALENT Software Services |
| Best paying industry | Manufacturing | Professional |
There are a few differences between a finance assistant and a finance/administrative assistant in terms of educational background:
| Finance Assistant | Finance/Administrative Assistant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance assistants' and finance/administrative assistants' demographics:
| Finance Assistant | Finance/Administrative Assistant | |
| Average age | 50 | 50 |
| Gender ratio | Male, 24.9% Female, 75.1% | Male, 12.8% Female, 87.2% |
| 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% |